On Wednesday, Aug. 29th at 11:30 am-12:30 pm VeeCo will be having a beach cleanup at 56th street in Newport Beach, Ca. And they’re asking everyone to please come down and join them. They’ll be giving out free t-shirts to all volunteers while supplies last.
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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]
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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]
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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]
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Burton has planted it’s first major flag in the retain landscape of Southern California as a further reminder that Jake is coming after the action sports industry with all guns blazing.
“Bringing our snow, surf and skate brands under one roof is challenging, but at the same time it feels right,” says Jake Burton, Founder and Chairman of Burton Snowboards. “Our family of brands have different messages, but their roots are all connected through the spirit of boardsports. Our intention is to capture that spirit and invite riders, skaters and surfers to come experience it.”
And we agree. No one will ever handle their brands better than they do. Apple is a prime example. Follow the link for the full release.
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We’ve never seen a Brixton hat look so good. . .
[Link: Gossip Girls]
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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]
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We’re not calling them sneaky, however, we’d never seen the site before today when we clicked on a Google Adsense text link an ended up at Store.Burton.com to discover that pretty much everything but snowboards, outerwear, boots, and bindings are for sale and currently slashed into “epic summer savings of up to 30 percent off.” We admit we’ve been a little out of the loop lately, but didn’t realize how far.
Check it out for yourself.
[Link: Store.Burton.com]
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