Volcom Beats Guidance With 16% Drop In Sales

2009-11-05T00:00:00

Revenues declined by 15.9 percent to $93.9 at Volcom for the quarter ended Sept. 30, but that was $9 million better than the company’s most optimistic expectation. Net income dropped by 19 percent to $13.3 million. The gross margin grew by 2.2 percentage points to 51.6 percent.

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