Performing well at retail, Volcom reported net sales growth of 22.2 percent to $50.8 million in the 1st quarter. The gross margin inched up by 0.3 percentage points to 52.0 percent. Operating income rose by 20.6 percent to $8.1 million, while net income climbed by 23.8 percent to $5.5 million. Based on Volcom’s current financial stance, the company has revised its full-year earnings guidance upward. The company reaffirms its revenue guidance for the year for growth of 34-36 percent to $275-280 million.