I had occasion to be in Vegas on business while Interbike was going on. The company I was working with was exhibiting there, so I took the day to wander around the show. I’d never been to Interbike before. There was something different about this trade show from all the others I’d ever been to. It took me a […]
Lessons From Interbike: Focus In or Focus Out Read More »
At the start of the quarterly conference call, Quiksilver founder and CEO Bob McKnight always makes a short speech highlighting the good things that are going on. After Rossignol, and through the balance sheet restructuring, they felt a bit like pep talks. He would highlight in a pretty nonspecific ways some things that were going well, and
Quik Grows its Sales and Profits; I Thought I Heard a New Attitude Read More »
From a financial statement analysis point of view, this is kind of boring. The balance sheet is solid enough that I’ll pay it the ultimate compliment of not discussing it. No bank debt, and the inventory was more or less constant on a per square foot basis. In the conference call, one of the analysts even wanted
Zumiez’s Quarterly Results; Their Computer Systems are a Competitive Advantage Read More »
My wife sent me this article from the New York Time’s Fashion and Style section. For some reason, I don’t read that section regularly. Not enough graphs, charts, and numbers to get me excited I guess. I played around a bit with the application at the web site. It was a bit jerky and slow, but I could
Cyberboutiques. I Don’t Know if this is a Great Idea or a Waste of Bandwidth. Read More »
PacSun’s 10Q was filed two days ago. I’ve been through it and it offers a few tidbits of interesting information. But mostly, PacSun CEO Gary Schoenfeld said a lot of what needs to be said, at least strategically, in the conference call. Here are his most relevant comments: “The economy is not getting better and competition remains fierce
PacSun’s Quarter. Can the Strategy Work in this Economy? Read More »
Billabong’s annual documents (which you can see here and here) provides us with a superlative opportunity to look at the nexus of a company’s strategy and its operating environment. The conference call transcript was also worth reading, but it seems to have disappeared from their web site. I can send anybody who wants it a copy. Of
Billabong’s Annual Report; The Relationship between Strategy and Operating Environment Read More »
Globe’s annual report for the year ended June 30 showed up on their web site a couple of days ago. It doesn’t contain much in the way of a detailed analysis of results, but I’ll give you what’s there. All the numbers are in Australian dollars. You can read it yourself if you want to. As
Globe’s Annual Report; Making a Profit Under Tough Conditions Read More »
Skull’s sales for the quarter ended June 30 rose 46.4% to $52.4 million over the same quarter last year. Net income more than doubled from $2.1 to $4.3 million. This was helped by an income tax rate that fell from 56.6% to 41.6%. Gross margin essentially stayed the same, falling just one tenth of a percent to 51.1%. You
Skullcandy has a Strong Quarter Read More »
As you know, I tend to hate proforma financial statements, but once in a while they make sense. Orange’s quarter ended June 30 is one of those times. They sold their factory in Italy (LEM) on December 31, 2010. The June 30, 2010 quarter contains sales and expenses associated with LEM. The June 30, 2011 quarter does not. Happily,
Orange 21’s Quarter. Sales Improvement, But More Ongoing Cash Needs Read More »
Don’t know how many of you saw this (I missed it for a while), but back in June, Skullcandy signed a licensing agreement with Sonomax to use its technology in Skullcandy’s headphones. Here’s the press release on the agreement and some information on Sonomax. The direct to consumer web site for Sonomax product is here. As far as
Skullcandy Licensing Agreement with Sonomax Read More »