Volcom Inc. said first-quarter net income rose 78.5 percent, helping the action sports apparel and footwear vendor skate past Wall Street’s projections.
The Costa Mesa, Calif.-based firm posted profits of $7.5 million, or 31 cents a diluted share, for the period ended March 31, compared with income of $4.2 million, or 17 cents a share, in the year-ago quarter. Net revenues improved 13.3 percent to $77.4 million, from $68.3 million, a year earlier. Analysts polled by Yahoo anticipated earnings of 19 cents a share on revenue of $73.8 million.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"