I’ve resisted writing this, but with the recent article in Bloomberg highlighted by Boardistan and Shop-Eat-Surf reporting, also based on a Bloomberg, that Quik had hired a restructuring firm, I guess there’s no reason not to. What I want to do is take you through Quik’s circumstances and choices based on their most recent balance […]
The Quiksilver Conundrum; There Has to be a Deal Read More »
What we have here is progress, but still a long way to go. That’s how Billabong’s management characterizes their results, and I agree. I’ll take a look at the financials as reported and with the impact of divestures and certain “significant items” removed. Regular readers know I’m not quite comfortable with some of the stuff
Light at the End of the Tunnel – But it’s Not a Short Tunnel; Billabong’s Annual Report Read More »
We’ve all heard the phrase, “Taking away the punch bowl.” As far as I know, it originated in the 1955 speech of Fed Chairman William McChesney Martin, which is presented below in its entirety. I suspect that most people, if they take the time to read it and have just a little knowledge of current
What the Hell Happened? A Look Back to When the Federal Reserve Did Its Job Read More »
It wasn’t a great quarter for Deckers, the owner of UGG and Teva as well as Sanuk, though let me start out by reminding you that seasonality means this is always Deckers’ worst quarter. Sales rose 1.1% from $211.5 to $213.8 million. The gross profit margin fell slightly from 41% to 40.5%. SG&A expenses rose
Deckers June 30 Quarter and Some Perspective on Sanuk Read More »
As usual, I’ll start off my discussion of SPY by saying how much I like the brand and how I think they’ve done most of the right things in terms of operations and brand positioning. But then I move on to the financials (the June 30 quarter in this case) and bemoan, as I have
SPY’s June 30 Quarter; Kind of More of the Same Read More »
Since right after he joined the company, Skull CEO Hoby Darling has been pushing the same five pillar strategic plan as the company works through its issues and out of turnaround mode. I’ve reviewed those five pillars every quarter since he presented them, and I think I’m done. You can go read one of my
The Beat Goes On- Skullcandy’s Results for the June 30 Quarter Read More »
VF reported a 4.62% revenue increase in the quarter that ended June 30 compared to the same quarter last year (prior calendar period- PCP). The increase was from $2.402 to $2.514 billion. As usual, we’ll focus on the Outdoor & Action Sports (OAS) segment, as that’s where most of the action seems to be. Below
VF’s June 30 Quarter: Damn This Strong Dollar! Read More »
Let’s review. Volcom and Electric are in Kering’s sport and lifestyle (S&L) division which includes PUMA. In 2014, Kering had consolidated revenue of 10.038 billion Euros. The S&L division’s revenue was 3.245 billion Euros. Of that, PUMA was 2.99 billion Euros and “other brands” in S&L had revenue of 255 million Euro and operating profit
Volcom and Electric Results for the Quarter and Half Year Read More »
Isn’t it interesting that I’m writing about GoPro at all? In 1995 I wrote my first column for Transworld Snowboarding Business and now, somehow, I’m writing about a consumer electronics company. Relax GoPro people. I know you aren’t really a consumer electronics company. Or at least, you don’t want to be even though right now
GoPro’s Quarter. What Kind of Company is This Anyway? Read More »
The first thing that happened when I walked in the door was I got lost. They’d reorganized a bit and it took me a minute to get oriented. My problem- not Agenda’s. When I saw they had finally opened up the Berrics and included it in the flow of the show I was happy and
What I Saw at Agenda Read More »