Volcom Reports First
Quarter 2009 Results 1
Volcom, Inc. (NASDAQ: VLCM)
- - Quarter ending March 31, 2009
- - Net : $4.2 Million
- - Per Diluted Share: $0.17
- - Consolidated Revenues: $68.3 Million - Down $12.3 million from a year ago
Richard Woolcott, Volcom’s CEO said, “Overall, the first quarter was slightly ahead of our expectations in all three of our business segments. The core Volcom business is well intact, bolstered by innovative product and a strong global brand. We are working diligently to maintain our competitive edge and position the company to remain financially strong and creatively energized.”
I dont know, looks like they have been seeing this recession for awhile. I would not be surprised to see them fall more in the second Q.