Skullcandy's Q4 Sales Jump 29%
February 22, 2012 5:25 PM
Shares of Skullcandy (NASDAQ: SKUL) are trading lower in the after-hours following the release of the company's Q4 earnings results. Currently, shares are lower by 0.76%, trading at $15.74; they ended the regular session higher by 3.86%, at $15.86.
Skullcandy reported Q4 EPS of $0.47 on revenues of $83.4 million. Revenues increased 29.0% year over year.
In the fourth quarter of 2011, domestic net sales increased 27.0% to $59.1 million, international net sales increased 18.8% to $15.3 million, and online net sales increased 73.0% to $9.0 million.
Jeremy Andrus, Skullcandy's President and CEO, stated, "We are pleased with our fourth quarter results and momentum heading into 2012. We ended the best year in Skullcandy's history with strong net sales growth and sequential margin improvement.”
“We made key acquisitions during the year and continue to make investments in critical areas of the business to support long-term growth, including product development, international expansion, interactive media and point of sale merchandising."
Skullcandy, Inc. develops and distributes headphones and other audio accessories to retailers throughout the United States and to distributors in various countries worldwide.
