If you were basking in the sun at Huntington Beach yesterday (like much of the surf industry) and missed the Volcom conference call, here it is transcribed in it’s entirety. Here’s how Wooly kicked it off:
We are no more than half way through the year and I feel good about the progress that we have made managing our business in the U.S. running our new European operation and integrating Electric. The power of Volcom brand continues to capture the attention of consumers around the world and we are excited about the global opportunities that lay ahead.
His comments about electric:
Last quarter we added the full product line from electric, which includes sunglass, goggles, soft goods and accessories. During this period we launched three new sunglass styles, the Technician XL in May and the Detroit and Hoodlum the last week of June. So far the initial sell-through on all three styles has been very positive and we look forward to continuing to build on this excitement.
The Laguna Surf & Sport story:
The multi branded concept of the LS&S stores is a little different for us, but we believe it helps diversify our retail business by providing us with greater insight about our customers and market trends. It also brings an experience team to the company adding strength to our overall retail infrastructure. We plan to keep these stores operating under the LS&S name with the same employees, management and general product and brand mix.
For the rest of the call (including analyst questions) click the link.
[Link: Seeking Alpha and Reuters]
