Updated With Complete Conference Call Recording. Volcom reports Q3 earnings per share of $0.54 versus estimates of $0.37. Q3 revenue beat estimates by $9 million dollars, but the company forecasts Q4 EPS between $0.01–$0.04 on revenue between $59 million–$62 million, which is well under analysts’ mean profit view of $0.11 EPS on $61.9 million rev.
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While Nike’s overall revenues declined 12 percent from last year, its action sports brands including Hurley, Nike, and Converse shined.
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PacSun Q2 sales decline 22.3% with a net loss of 14.2 million. See all the numbers and hear the conference call here!
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Sales were up 13.6% to $192.9 million and comps climbed 8.6%. The company’s online sales jumped 39% during the period to $10.1 million.
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Net sales for the four-week fiscal month ended May 2, 2009 increased 25.6 percent. Comps for the thirteen-week period ended May 2, 2009 increased 17.7 percent.
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Q1 earnings and revenue soar primarily due to footwear and direct sales.
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At the same time, Outdoor Solutions outsold all of Jarden’s other divisions combined.
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Resort posts fourth strongest year in its history.
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The surf brand’s stock jumped 29 percent as sales climbed 39.
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Nike, Inc. released financial statements for the third quarter, ended Feb. 28, posting a 2 percent decline in revenues from last year. Net income for the period was down 46 percent to $243.8 million, or 50 cents per diluted share, compared to $463.8 million or 92 cents per diluted share in the same period last year.
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