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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Volcom’s sales for Q2 were down 25% from a year ago, but outperformed Wall Street’s expectations by $4.5 million. See full results here.
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Volcom’s Richard Woolcott and Vans’ Steve Murray have both confirmed that they will be speaking at the new dates for the SIMA Surf Summit, September 30-October 3, 2009.
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Volcom’s headquarters in Costa Mesa were packed Friday, July 17 for the brand’s 2010 spring swimwear fashion show and the premiere of ‘Five Speed Fever,” a short film produced by Volcom’s Creative Director Mike Aho. TransWorld Business had a chance to talk with Volcom’s Design Director Carrie Martines and Marketing Director Bonnie Kuntz after the show about the inspiration that went into the Spring 2010 line and the reaction the brand has been getting from retailers. Stay tuned to see an on-the-scene interview, to be posted soon.
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Volcom, Inc. (VLCM) hosted a conference call for investors on April 30 to discuss the company’s first quarter results. Overall the tone of the call was very optimistic although Volcom’s total consolidated revenue for Q1 2009 dropped to $68.3 million from $80.6 million in the same period in 2008.
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On July 25, Volcom hosted its Q2 Conference Call for investors. Among other things, Chairman/CEO Richard Woolcott discussed the company’s retail strategy and the recent announcement that it planned to acquire Laguna Surf & Sport.Here’s what Woolcott told investors.
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Volcom’s first quarter, which ended March 31, 2008, showed an increase in total consolidated revenues to 58.5 percent or $80.6 million, compared with $50.8 million in the first quarter of 2007.
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