by The Editors on August 24, 2007
Even though Billabong has reported a net profit of $167.25 million (up 14.6 percent) for 2006/07, and sales revenue that grew 20.1 per cent to $1.22 billion, shares in the company still fell five percent after the announcement today.
Sales in the Americas, the group’s biggest region, rose in the double digits, while EBITDA rose by 12.3 per cent to $US111.9 million ($A136.03 million). Mr O’Neill said the Americas region was backed by strong performances in Canada and South America.
Oddly, an analyst “who did not wish to be named” said the Americas were “disappointing” because of the Aussie dollar. Can you be a quoted stock analyst and not wish to be named? We’re all for anonymous comments, but still that seems shady.
[Link: The Age]
by The Editors on August 23, 2007
Zumiez, Inc. shares are down today after a Piper Jaffray downgraded their rating from “outperform” to “market perform.”
Shares of Zumiez (nasdaq: ZUMZ – news – people ) declined $1.40, or 2.9 percent, to $46.49 in premarket trading. A Piper Jaffray (nyse: PJC – news – people ) analyst cut the stock’s rating to “Market Perform” from “Outperform,” saying shares are fairly valued.
This is in spite of the fact that Zumiez reported higher than expected profits and sales in the second quarter. Zumiez stock is up 96 percent in the past 52 weeks. Not bad if you’re in it.
[Link: Forbes]
by The Editors on August 22, 2007
Investors Business Daily is big on Zumiez the day before they announce their quarterly earnings:
But when Zumiez reports fiscal 2007 second-quarter results Wednesday, watchers expect it to shine. July’s strong same-store sales followed a 13.7% gain in June’s same-store sales and an 11.2% rise in May. Total July sales were up 42.4% from the prior year. June’s rose 48.8%, and May’s gained 51.6%
Get all the details by clicking the link.
[Link: Investors Business Daily]
by The Editors on July 19, 2007
It’s a good day for Volcom’s Vice President of Sales Tom Ruiz. As part of a prearranged 10b5-1 trading plan Tom exercised 5,000 options of Volcom at $19 today and then immediately sold them off at approximately $49 netting himself a healthy profit of $150,000. Congrats, Tom.
[Link: Forbes via AP]
by The Editors on July 12, 2007
The Motley Fool’s Alyce Lomax says she was amused by Volcom’s presenting at the buttoned-down CIBC World Markets’ Consumer Growth Conference.
Of course, given this two-time Motley Fool Hidden Gems pick’s impressive recent growth, it’s no wonder that Wall Street wants to hear more about the magic behind its success. I took a peek at the transcript from the conference.
Click the link for a comprehensive outsider’s look at what makes Volcom function in the world of youth fashion.
[Link: The Motley Fool]
