Skullcandy (SKUL) Misses Q1 EPS by 1c; Reiterates FY Outlook
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Skullcandy, Inc. Reports First Quarter 2016 Results
May 4, 2016 4:07 PM EDTPARK CITY, Utah, May 04, 2016 (GLOBE NEWSWIRE) -- Skullcandy, Inc. (NASDAQ: SKUL) today announced financial results for the first quarter ended March 31, 2016.
First quarter 2016 reported results versus the same quarter a year ago:
Net sales: $46.3 million vs. $45.6 million, up 1% (up 6% excluding China sales operations from both periods)*Gross margin: 37.5% vs. 40.9%, down 340 basis points (down 140 basis points excluding China sales operations from both periods)*Â Selling, general and administrative expense (SG&A): $24.1 million vs. $22.3 million, up 8% (up 9% excluding China sales operations from both periods)*SG&A expense as a... More