We need to start by recalling that Tilly’s converted from an S to a C corporation on May 2nd, 2012 and went public May 3rd. That had an impact on its comparative financial statements. Let’s review the GAAP results than look at that impact. Sales grew 20.5% to $105 million from $87.3 million in the […]
Tilly’s Quarter: The Connection Between Operations and Marketing Read More »
Life is so not fair. Here I am on vacation, vowing to just get the Zumiez analysis done. I do that, I send it out and now I can relax, right? Nah. Literally 20 minutes later, along comes an 8K/A from Zumiez filed with the SEC giving us the Blue Tomato financial statements. Let’s try and keep this short. First,
Zumiez Releases More Information on Blue Tomato Read More »
Okay, I don’t mean it. No way I can ignore the financial results. It’s just not the way my mind works. But I was so struck with something President and CEO Rich Brooks said in their conference call that I wanted to start there. He said, as a brief part of a longer answer to an analyst’s question, “…we
Zumiez’s July 28th Quarter; Forget the Numbers. I Might Have Had a Strategic Epiphany Read More »
Strategies don’t bear fruit in a quarter, or even in a year. There’s still a lot of work to be done before we can say that PacSun’s strategy has been successful if only because the company is still losing money. The goal has been the same for a couple of years now; to make PacSun relevant to
PacSun’s Quarter: Still Losing Money, But Elements of the Strategy Becoming Clearer Read More »
Spy announced on August 27 that they were reducing their North American and European employment by 20 positions, going to a distribution model in Europe (they had been direct previously), and spending less on marketing. They think these changes will cost them $1.2 million in the quarter ($1.0 million in cash) during their 3rd quarter, but
Spy’s Expense Cuts Read More »
Billabong’s fiscal year ended June 30. On August 27, they released their full year results and presented their promised strategic plan. The financial results were poor but not unexpected, coming in at the low end of their guidance. The good news is that it looks like they wrote off, wrote down, reserved for or expensed every item they
Billabong’s Year and New Plan; I Wish They’d Done This Sooner Read More »
In the conference call discussion of their results Michael Marckx, Spy’s President and CEO, emphasized two things. The first was the total focus on the Spy brand. The second was that they had a solid and complete management team that was in agreement on the company’s strategy and direction. Those are good things. In spite of the sales
VF’s reported revenues rising 16.4% in the quarter ended June 30 compared to the same quarter last year. Net income was up 20% from $129.4 million to $155.3 million. As you look at those headline numbers, there are a couple of things to keep in mind. First, the Timberland acquisition closed on September 13, 2011 so
VF’s Quarterly Results and Strategy: They Do Love Outdoor and Action Sports Read More »
Skull had a strong quarter, and we’ll review the numbers. But what intrigues me more are the investments Skull is making and the steps they are taking to implement their strategy. That’s where I want to spend most of our time. In what was, and continues to be, an oversimplification I’ve written that the bet Skull was placing
Skullcandy’s June 30 Quarter; Focus on the Strategy Read More »
Walking around a really good Agenda show last week, the question I kept getting asked was, “What’s going to happen to Billabong?” As I told everyone who asked, I only had access to the same public information they had. Given that information, my best guess is that Billabong will be sold. Here’s my reasoning. As you
Speculation on Billabong Read More »