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 »
Two days ago, Nike filed its 10K annual report with the SEC and I’ve been through it. I’m not going to spend a bunch of time doing a detailed analysis of their already reported results if only because there wouldn’t be a lot of insight to be gained. But there were a few comments in the fine
Nike’s Annual Report and Some Suggested Reading Read More »
Spy filed an 8K on July 2 that announced they had increased the amount of the note due to Costa Brava from $6 million to $7 million, and that the full amount of $7 million was already outstanding. They also said they expected to raise some form of equity by August 31. As you may recall, Costa
Spy to Raise Capital by End of August- But That’s All We Know Read More »
Quik had a 3% sales increase in the quarter, growing to $492 million from $478 million in the same quarter last year but, as I define and discuss below, their adjusted EBITDA fell by 39%. The gross margin percentage fell from 54.8% to 49.2%. That rather significant decline, they say in the 10Q, “…was primarily the
Quik’s April 30 Quarter: Adjusted EBITDA Falls 39% Read More »
I just listened to a Billabong conference call where new CEO Launa Inman announced they were raising more capital, downgrading earnings expectations, and undertaking a top to bottom review of all Billabong operations with the goals of reducing expenses, identifying efficiencies and improving the competitive positioning of Billabong and its brands. They want to raise
News From Billabong Read More »
As you know, Tilly’s went public recently. They’ve just released their first quarterly 10Q report and held their first conference call as a public company. The report is for the quarter ended April 28. Their public offering was May 4, so the balance sheet doesn’t reflect the results of that offering yet, and I don’t have access to
Tilly’s First Quarterly Report Read More »