Skullcandy (SKUL) Misses Q4 EPS by 2c; Guides Q1, FY16 EPS Below Views
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Skullcandy, Inc. Reports Fourth Quarter and 2015 Results
March 2, 2016 4:05 PM ESTPARK CITY, Utah, March 02, 2016 (GLOBE NEWSWIRE) -- Skullcandy, Inc. (NASDAQ: SKUL), which creates world-class audio experiences through its Skullcandy® and Astro Gaming® brands, today announced financial results for the fourth quarter and year ended December 31, 2015.
Fourth quarter 2015 reported results versus the same quarter a year ago
Net sales: $96.1 million vs. $96.8 million, (up 2% currency neutral)Gross margin: 40.3% vs. 43.3%, down 300 basis points (down 180 basis points currency neutral)SG&A: $30.2 million vs. $31.1 million, down 3%, as a percent of net sales: 31% vs. 32%Â Operating income: $8.5 million vs. $10.8 million, down $2.3 million (down 7% currency... More