Costa Mesa clothing maker Volcom Inc. reported fourth-quarter results at the high end of projections but warned results for the current quarter could fall short of expectations.
For the fourth quarter, sales rose 37% from a year earlier to $56.6 million. Analysts had expected about $55 million.
Net income came in at $7.6 million. Analysts on average expected $7.3 million.
Volcom makes clothes inspired by surfing, skateboarding and snow sports, as well as music and fashion.
For the current quarter, Volcom said it sees sales of $48 million to $49 million, up as much as 18% from a year earlier.
Analysts had been expecting $51.5 million.
Net income could come in around $3.9 million, verus the $4.6 million Wall Street expected on average.
Costs related to the company’s expansion in Europe are set to weigh on first-quarter profits, Volcom said.
