Nov 24, 2011
Good Performance for Skullcandy in Third Quarter
Written under: Business, Fashion
Retailer company, Skullcandy has announced that their third quarter results are out and it’s looking really positive, and indicates that the company is looking strong in the next year.
Net sales for quarter three increased by a high 57.5 percent over last year, rising from $38.5 million to 60.6 million. International sales contributed the most with a jump of 75.9 percent to $14.6 million.
Gross profits rised from 43.9 percent to $28.8 million, up from $20 million last year. And with these, it looks like that there will be more to look out to than skullcandy headphones in the near future.
According to a press statement, the company expects net sales to be $231 million and diluted share earnings to be $0.78.