I came across this a few weeks ago (actually, my wife sent it to me and if I don’t give her credit, I’ll hear about it), but have been busy reading quarterly filings. Heinz, it seems, has introduced what it considers to be upmarket ketchup blended with balsamic vinegar. Read the article here. No, no, no, there’s no […]
Heinz’s New Ketchup; New Product Introductions and Social Media Read More »
When I looked at PacSun’s previous quarter I wrote, “The question in my mind, which hasn’t changed much since the last time I took a look at PacSun, is whether there’s enough uniqueness so they can afford to implement it [their strategy] given the economy and the company’s financial circumstances.” Whether or not their strategy
PacSun Makes Progress; Third Quarter Results, Store Closings, and Financing Read More »
I know I’ve written about it before, but let’s review the pillars of Zumiez’s strategy as I see them before we get to the numbers. Here’s the link to the 10Q if you’re interested. Find and retain employees who are actively committed to the action sports lifestyle and make sure they are customer service focused. I suspect
Zumiez’s October 29 Quarter; Consistently Pursuing a Solid Strategy Read More »
This is one of the few times where it makes sense to start on the balance sheet to really understand what’s going on. It shows stockholders’ equity of a negative $4.3 million. How, you might ask, are they paying their bills? If you look under liabilities, you’ll see a “Note payable to stockholder” of $10.5 million. That $10.5
Orange 21’s September 30 Quarter: Sales are Up, But So Is the Loss Read More »
We review VF’s results because they own brands we are interested in. Same reason we review Jarden’s, PPR’s and other companies. But we rarely get much information on those brands because they are part of a larger segment by which the corporations represents its business. And, in the case of VF, we get literally nothing on Reef because
VF’s Quarterly Result; Why is it We Bother? Read More »
There are lots of public company quarterly reports I should be writing about, but I am going to step off that track and think, for a bit, the unthinkable. Or at least it was the unthinkable. But at this point the Eurozone seems to be moving towards two choices, either of which has huge implications for
What Will You Do When Your Greek Receivables are in Devalued Drachmas? Read More »
My favorite footnote in Skullcandy’s 10Q for the quarter ended September 30 is footnote nine and specifically the table on long term debt (Yes, I know it’s kind of sad that I have favorite footnotes). It shows no long term debt at the quarter’s end compared to $73.4 million on December 31, 2010. They raised $77.5 million
Skullcandy’s Strong Quarter; It’s Amazing What an IPO Can Do for Your Balance Sheet Read More »
I didn’t spot WeSC’s annual report until Shop-Eat-Surf did a story on it. Now, I’ve been through it. The Swedish approach is an interesting combination of a U.S. style annual report and our 10K SEC filings. I’ll start with a review of the numbers, but more interesting (I hope) will be a discussion of WeSC’s strategy and market
WeSC’s Annual Report; Numbers and Strategy Read More »
As you know, Jarden is a big, multi brand company that did $6 billion in its last complete year. They’ve got over 100 brands including Crock Pot, First Alert, Coleman, and Mr. Coffee. They also own K2, Ride, 5150, Planet Earth, and Volkl and that’s pretty much why we are interested in the company, though I think
Jarden’s September 30 Quarter And the K2 Rolling Stones’ Limited Edition Ski Collection Read More »
Billabong held its annual shareholders meeting October 25th. Chairman Ted Kunkel and CEO Derek O’Neill made short speeches you can read here that contained a few pieces of interesting information. Looking over the longer term, however, I am more interested in an issue they discussed and acknowledged as being important, but didn’t really get into at
Billabong Has a Meeting Read More »