Volcom First Quarter Results: Total Revenues Increase 58.5 Percent
April 30, 2008
Source: Transworld Business
According to a release posted Wednesday, April 30, on MSN NEWS Money Central: Volcom, Inc. VLCM announced today that total consolidated revenues for the first quarter ended March 31, 2008, increased 58.5% to $80.6 million, compared with $50.8 million in the first quarter of 2007.
“It has been an exciting start to the year with our first quarter exceeding our expectations in nearly all aspects of our business,” said Richard Woolcott, Volcom’s president and chief executive officer. “Given the current slow retail environment, we believe these results are a reflection of the power of the brand and our team’s relentless effort to maximize our opportunities in the U.S. and abroad.”
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