Skullcandy

Skull filed its 10-Q for the June 30 quarter on August 9th.   As you are probably aware, there are a couple of dueling offers to take the company private out there.  At this point, I’d be surprised if they didn’t end up private- I’m just not sure of the price or who the owner will […]

I imagine you are all aware that Incipio reached an agreement with Skullcandy on June 23rd to make a tender offer for the company’s common stock at a price of $5.75 representing a price of approximately $177 million.  That agreement allowed Skullcandy some time (until July 23rd) to see if it could find a better

Skullcandy filed a form 13D today with the Securities and Exchange Commission announcing that founder Rick Alden was going to explore a transaction to take the company private.  To be clear, that doesn’t mean it will go private.  Here’s the relevant section of the 13D.

Skull’s loss for the quarter ended March 31 rose 27.9% from $3.7 to $4.9 million.  Sales rose just 1.4% to $46.3 million while the gross profit margin dropped from 40.9% in last year’s quarter to 37.5% in this year’s.  The pretax loss rose 50% from $4.6 to $6.9 million. The balance sheet remains as strong

Somehow, I didn’t see Skull’s 10-K with their results for the December 31, 2015 year when it came out and then I found myself busy with a couple of clients.  But it’s not so much that I want to give you a deep dive on the financials, but that I want to talk about their

A couple of days ago, Skullcandy decided that the prospects for its fourth quarter had changed enough that they needed to disclose it. They filed an 8K with the SEC to accomplish that. You might want to read the press release that’s part of it. Skull said it expects fourth quarter sales to be the

The thing is, I really like Skullcandy’s marketing.  There is some commonality of message and attitude among their sponsored people (notice I don’t just say team riders) even when those people come from very different places and perspectives. I like it is because while they have, for example, sponsored surfers the message isn’t just about

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

I’ve been writing, talking and thinking a lot lately about the evolution of the retail market; about HOW YOU SELL STUFF TO PEOPLE and WHY THEY BUY IT. Skullcandy CEO Hoby Darling has a plan, and he sure talks pretty about how the company is making it happen. I recommend you read his opening statement

You recall that Skullcandy found itself in turnaround mode when it sold too much poor quality product in low priced distribution that wasn’t consistent with its preferred branding and market positioning. I suppose that happened when the newly public company tried to meet Wall Street growth expectations. CEO Hoby Darling came in and put a