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 reported, sales were down 3.5% from $91.7 million to $88.5 million. Net profit declined from $1.31 More…
Archive for August, 2011
Globe’s Annual Report; Making a Profit Under Tough Conditions
Wednesday, August 24th, 2011Skullcandy has a Strong Quarter
Sunday, August 21st, 2011Skull’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 can see the 10Q here. Selling, general and administrative expenses rose $7.9 million or 84% More…
Orange 21’s Quarter. Sales Improvement, But More Ongoing Cash Needs
Friday, August 19th, 2011As 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 has helped us out and provided a pro forma income statement for the June More…
Skullcandy Licensing Agreement with Sonomax
Monday, August 15th, 2011Don’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 I can tell, Skullcandy didn’t announce the deal. As they weren’t public yet, they didn’t have More…
Popup Playgrounds; An Intriguing Marketing Idea
Monday, August 15th, 2011It’s not like I look to the New York Times for all my good industry advertising and promotion ideas. Still, once in a while, they come up with something that gets me thinking. Their “Presto Instant Playground” article is one such idea. You may have to register to read it, but it won’t cost you anything. “During a two-month period last year, seven civic coalitions in New York neighborhoods like East Harlem and More…
VF’s June 30 Quarter Results; Pretty Impressive
Monday, August 15th, 2011VF released its earnings and had its conference call back on July 21, but the 10Q was only released August 10th. The results, as you probably already heard, were good. Revenue for the quarter was up 15.4% to $1.8 billion and net income rose 16.2% to $130 million. They accomplished this with a gross margin that fell from 47.1% to 45.9% partly by reducing their marketing, administrative and general expenses as a More…
The 2010 SIMA Retail Distribution Study
Wednesday, August 10th, 2011The first thing to say is thanks to SIMA for making this study happen and to Leisure Trends Group for doing the research. We don’t get access to near enough industry and market data. As I’m not a member of SIMA, I don’t have access to the complete study. I’m working with the “Media Highlights” package that came out after the press release on the study. Two years ago, when the More…
The Agenda Trade Show, U. S. Open, and Other Trade Show Comments
Tuesday, August 9th, 2011As I walked around the Agenda Trade Show last week, I saw a lot of people sitting across tables from each other in the booths obviously doing business. That is the definition of a successful trade show. The sample of company executives I talked too seemed to confirm that. People were surprised by the number of buyers. I’m not that worried about the vibe. How busy or crowded a show is is More…
