Home / Knowledge / News / Apparel/Garments / Clothing marketer Volcom Inc declares Q1 2006 results

Clothing marketer Volcom Inc declares Q1 2006 results

28
Apr '06
Costa Mesa based premium quality clothing designing firm Volcom Inc announced that for the first quarter ended March 31, 2006, total revenues increased 31.3 percent to $41.6 million, compared with $31.7 million in the first quarter of 2005.

Gross profit as a percentage of total revenues for the first quarter was 51.7 percent, compared with 51.8 percent in the first quarter of 2005.

Operating income for the first quarter of 2006 increased 10.6 percent to $6.7 million, compared with $6.0 million for the first quarter of 2005.

Operating margin decreased to 16.1 percent for the first quarter of 2006 from 19.1 percent in the first quarter of 2005.

This decrease primarily reflects spending on certain operational initiatives including the company's rollout of a national in-store display program with its retailers and costs related to the transition of its European operations from a licensee model to direct control.

As well as costs associated with its status as a public company such as certain legal and accounting compliance costs and expenses related to stock-based compensation.

Income before income taxes for the first quarter of 2006 increased 23.4 percent to $7.4 million, compared with $6.0 million for the first quarter of 2005. This increase reflects $0.7 million of interest income generated from the company's $81.4 million cash balance.

In connection with the completion of its initial public offering in 2005, the company changed its tax status from that of an S corporation to that of a C corporation.


Must ReadView All

Fibre2Fashion: 21 years of serving textile-apparel-fashion industry

Textiles | On 17th Apr 2021

Fibre2Fashion: 21 years of serving textile-apparel-fashion industry

Fibre2Fashion, the online platform for the global...

Pic: Shutterstock

Textiles | On 17th Apr 2021

China's economy grows 18.3% in Q1 2021

Powered by a strong domestic and foreign demand, China's economy grew ...

Pic: Shutterstock

Retail | On 17th Apr 2021

US retail sales saw strong rebound in March: NRF

As government cheques fattened consumers’ bank accounts and more...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Strike a balance between handmade in India and 'Make in India'

Textile Industry, Head honchos

Textile Industry
Head honchos

Great step towards realising end goal of 'AtmaNirbhar Bharat'

Textile Industry, Head honchos

Textile Industry
Head honchos

Indian apparel industry looks poised for slow death

Emmi Berlin,

Emmi Berlin

With the support of the first investors - Finland's Technical Research...

Chendhuran Sundar,

Chendhuran Sundar

It manufactures and retails menswear garments in India under the brand...

Manoj Sorathiya,

Manoj Sorathiya

Surat-based Sunrise Imports & Exports Co is a manufacturer and...

Keith McMillen, Bebop Sensors

Keith McMillen
Bebop Sensors

Bebop Sensors' smart fabrics allows for a new level of interaction between ...

Frank Heislitz, Freudenberg

Frank Heislitz
Freudenberg

Freudenberg Performance Materials is a leading global manufacturer of...

Johann-Philipp Dilo, Dilo Group

Johann-Philipp Dilo
Dilo Group

German company Dilo Group is one of the leading equipment suppliers of...

Sarah Denise Cordery, Sarah Denise Studio

Sarah Denise Cordery
Sarah Denise Studio

Manchester, England-based Sarah Denise Studio provides relevant fashion...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Samatvam, a womenswear brand that blends age-old craftsmanship with modern ...

Sweta Tantia, Tahweave & Garo

Sweta Tantia
Tahweave & Garo

Designer Sweta Tantia owns Garo, a couture indutva or ethnicwear brand,...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


April 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search