Skullcandy (SKUL) Tops Q2 EPS by 1c
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Skullcandy Second Quarter Operating Income and Earnings Per Share Exceed Expectations; Raises Guidance for Full Year Earnings Per Share
August 6, 2015 4:02 PM EDTPARK CITY, Utah, Aug. 6, 2015 (GLOBE NEWSWIRE) -- Skullcandy, Inc. (NASDAQ: SKUL) today announced financial results for the second quarter ended June 30, 2015.
Second quarter 2015 results versus the same quarter in the prior year
Net sales: $58.0 million vs. $53.9 million, up 8% (up 10% currency neutral) Gross margin: 42.8% vs. 45.0%, down 220 basis points (down 130 basis points currency neutral) Selling, general and administrative expense (SG&A): $23.8 million vs. $22.9 million, up 4% (up 7% currency neutral) SG&A expense as a percent of net revenue: 41.1% vs. 42.6% Operating income: $1.0 million vs. $1.3 million, down $0.3 million (down $0.02 million currency... MoreSkullcandy Second Quarter Operating Income and Earnings Per Share Exceed Expectations; Raises Guidance for Full Year Earnings Per Share
August 6, 2015 4:02 PM EDTPARK CITY, Utah, Aug. 6, 2015 (GLOBE NEWSWIRE) -- Skullcandy, Inc. (NASDAQ: SKUL) today announced financial results for the second quarter ended June 30, 2015.
Second quarter 2015 results versus the same quarter in the prior year
Net sales: $58.0 million vs. $53.9 million, up 8% (up 10% currency neutral) Gross margin: 42.8% vs. 45.0%, down 220 basis points (down 130 basis points currency neutral) Selling, general and administrative expense (SG&A): $23.8 million vs. $22.9 million, up 4% (up 7% currency neutral) SG&A expense as a percent of net revenue: 41.1% vs. 42.6% Operating income: $1.0 million vs. $1.3 million, down $0.3 million (down $0.02 million currency... More