Exhibit 99.1

NEWS RELEASE

Contacts:	Volcom, Inc.	PondelWilkinson Inc.
	Doug Collier, CFO	Rob Whetstone (310) 279-5963
	(949) 646-2175	rwhetstone@pondel.com

VOLCOM REPORTS 2010 THIRD QUARTER FINANCIAL RESULTS

• Consolidated Revenues Increased 11.4% to $104.7 Million

• U.S. Segment Revenue Grows 13.6% to $64.5 Million; Electric Segment Rises 29.2% to $8.9 Million

• Company Declares Special Cash Dividend of $1.00 Per Share

COSTA MESA, CA – October 28, 2010 – Volcom, Inc. (NASDAQ: VLCM) today announced financial results for the third quarter ended September 30, 2010.

For the 2010 third quarter, total consolidated revenues were $104.7 million, compared with $93.9 million in the third quarter of 2009. Total revenues in the company’s U.S. segment, which includes revenues from the U.S., Canada, Japan and most other international territories outside of Europe, as well as the company’s branded retail stores, were $64.5 million, compared with $56.8 million in the prior-year period. Total revenues in the company’s Europe segment were $28.7 million, compared with $30.2 million in the same period in 2009. Total revenues in the company’s Electric segment were $8.9 million, compared with $6.9 million in 2009. Total revenues in the company’s Australia segment were $2.6 million.

“Our results for the third quarter are in line with our plan and reinforce our strategy to gain market share on a global level,” said Richard Woolcott, Volcom’s chairman and chief executive officer. “During the first nine-months of this year, we have experienced solid revenue growth in our mens and boys categories, and our business with our core retailers remains very healthy. In other activities, we have launched major branding initiatives, acquired our Australian licensee, acquired distribution operations in Spain, and launched our e-commerce business. We are encouraged by the momentum thus far and I am proud of our team’s focus and dedication to building Volcom into a world brand.”

Volcom 2010 Third Quarter Financial Results

Page 2

Woolcott also noted that given the company’s continued cash flow from operations, strong balance sheet and no long-term debt, Volcom’s Board of Directors has determined that a special cash dividend was appropriate and supports the company’s commitment to providing shareholder value.

Consolidated gross profit for the 2010 third quarter was $51.9 million, equal to 49.6% of total revenues, compared with $48.5 million, equal to 51.6% of total revenues, in the third quarter of 2009.

Selling, general and administrative expenses on a consolidated basis were $33.9 million in the 2010 third quarter versus $28.8 million in the comparable period in 2009.

Net income for the 2010 third quarter was $13.1 million, or $0.53 per diluted share, compared with $13.3 million, or $0.54 per diluted share, in the third quarter of 2009.

At September 30, 2010 the company had cash, cash equivalents and short-term investments totaling $105 million, and no long-term debt.

Special Dividend

The company also announced that on October 27, the Board of Directors approved a special cash dividend of $1.00 per share payable on each share of the company’s outstanding common stock, including any unvested shares of restricted common stock. The special dividend will be payable on November 19, 2010 to stockholders of record at the close of business on November 8, 2010. In accordance with NASDAQ rules, the company’s common stock will start trading on an ex-dividend basis beginning November 4, 2010. The aggregate amount of payments to be made in connection with the special dividend will be approximately $24.4 million.

2010 Fourth Quarter Financial Outlook

For the 2010 fourth quarter, the company currently expects total consolidated revenues of approximately $76 million to $79 million, and fully diluted earnings per share amounts in the range of $0.04 to $0.07.

Giving effect to the company’s current outlook for the 2010 fourth quarter, Volcom’s full year consolidated revenue expectation is between $321 million and $324 million. This translates to diluted earnings per share for 2010 in the range of $0.89 to $0.92.

Volcom 2010 Third Quarter Financial Results

Page 3

Conference Call Information

The company will host a conference call today at approximately 4:30 p.m. ET to discuss its financial results and outlook in further detail. The conference call will be available to interested parties through a live audio Internet broadcast at www.volcom.com. A telephone playback of the conference call also will be available through 11:59 p.m. ET, Friday, November 5. Listeners should call (800) 642-1687 (domestic) or (706) 645-9291 (international) and use reservation number 15128955.

About Volcom, Inc.

Volcom is an innovative designer, marketer and distributor of premium quality young mens and womens clothing, accessories and related products. The Volcom brand, symbolized by The Stone , is athlete-driven, creative and forward thinking. Volcom has consistently followed its motto of “youth against establishment,” and the brand is inspired by the energy of youth culture. Volcom branded products are sold throughout the United States and internationally. Volcom’s news announcements and SEC filings are available through the company’s website at www.volcom.com.

Safe Harbor Statement

Certain statements in this press release and oral statements made from time to time by representatives of the company are forward-looking statements for purposes of the safe harbor provisions of The Private Securities Litigation Reform Act of 1995, including statements in connection with or related to any discussion of or reference to Volcom’s future operations, opportunities or financial performance. In particular, statements regarding the company’s guidance and future financial performance contained under the section entitled 2010 Fourth Quarter Financial Outlook are forward-looking statements. These forward-looking statements are based on management’s current expectations but they involve a number of risks and uncertainties. Volcom’s actual results and the timing of events could differ materially from those anticipated in the forward-looking statements as a result of risks and uncertainties, including, without limitation, further softening of the retail environment, sales of our products by key retailers, including Pacific Sunwear and Zumiez, changes in fashion trends and consumer preferences, general economic conditions, the impact of sourcing costs, and additional factors which are detailed in our filings with the Securities and Exchange Commission, including the Risk Factors contained in the company’s Annual Report on Form 10-K, filed with the Securities and Exchange Commission (the “SEC”) and the subsequently filed Quarterly Reports on Form 10-Q, all of which are available at www.sec.gov. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Volcom is under no obligation, and expressly disclaims any obligation, to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise.

VOLCOM, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

(in thousands, except share and per share data)

	Three Months Ended September 30,				Nine Months Ended September 30,
	2010		2009		2010		2009
Revenues:
Product revenues	$	104,213	$	93,356	$	243,196	$	215,103
Licensing revenues		445		560		1,426		1,348
Total revenues		104,658		93,916		244,622		216,451
Cost of goods sold		52,797		45,433		120,933		107,232
Gross profit		51,861		48,483		123,689		109,219
Selling, general and administrative expenses		33,884		28,825		94,657		82,710
Operating income		17,977		19,658		29,032		26,509
Other income:
Interest income, net		66		127		272		229
Gain on investment in unconsolidated investee		39		—		39		—
Foreign currency gain		1,256		222		1,179		991
Total other income		1,361		349		1,490		1,220
Income before provision for income taxes		19,338		20,007		30,522		27,729
Provision for income taxes		6,285		6,750		9,868		9,381
Net income	$	13,053	$	13,257	$	20,654	$	18,348
Net income per share:
Basic	$	0.54	$	0.54	$	0.85	$	0.75
Diluted	$	0.53	$	0.54	$	0.85	$	0.75
Weighted average shares outstanding:
Basic		24,396,899		24,354,208		24,377,222		24,350,725
Diluted		24,431,095		24,367,464		24,421,970		24,361,034

VOLCOM, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS (UNAUDITED)

(in thousands)

	September 30, 2010		December 31, 2009
Assets
Current assets:
Cash and cash equivalents	$	104,950	$	76,180
Short-term investments		—		35,000
Accounts receivable — net of allowances		81,821		53,792
Inventories		37,024		33,250
Prepaid expenses and other current assets		9,404		4,353
Income taxes receivable		—		725
Deferred income taxes		8,212		7,700
Total current assets		241,411		211,000
Property and equipment — net		26,543		26,348
Investment in unconsolidated investee		—		330
Deferred income taxes		3,535		3,545
Intangible assets — net		10,235		9,784
Goodwill		1,341		1,291
Other assets		1,134		735
Total assets	$	284,199	$	253,033
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable	$	24,328	$	22,788
Accrued expenses and other current liabilities		15,168		9,957
Income taxes payable		3,422		—
Current portion of capital lease obligations		17		50
Total current liabilities		42,935		32,795
Long-term capital lease obligations		27		—
Other long-term liabilities		1,257		1,203
Income taxes payable – non-current		23		68
Stockholders’ equity:
Common stock		24		24
Additional paid-in capital		94,279		92,192
Retained earnings		144,334		123,679
Accumulated other comprehensive income		1,320		3,072
Total stockholders’ equity		239,957		218,967
Total liabilities and stockholders’ equity	$	284,199	$	253,033

VOLCOM, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

(in thousands)

	Nine Months Ended September 30,
	2010			2009
Cash flows from operating activities:
Net income	$	20,654		$	18,348
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		4,645			5,034
Gain on investment in unconsolidated investee		(39	)		—
Provision for doubtful accounts		173			2,434
Excess tax benefits related to exercise of stock options		(51	)		—
Loss on disposal of property and equipment		35			3
Stock-based compensation		1,514			1,246
Deferred income taxes		(487	)		(963	)
Changes in operating assets and liabilities, net of effects of acquisition:
Accounts receivable		(24,562	)		(13,574	)
Inventories		376			5,032
Prepaid expenses and other current assets		(4,149	)		(407	)
Income taxes receivable/payable		4,182			6,683
Other assets		(351	)		31
Accounts payable		800			(5,445	)
Accrued expenses and other current liabilities		4,035			1,040
Other long-term liabilities		72			(96	)
Net cash provided by operating activities		6,847			19,366
Cash flows from investing activities:
Purchase of property and equipment		(4,286	)		(3,406	)
Business acquisitions, net of cash acquired		(2,304	)		(897	)
Purchase of short-term investments		(20,000	)		(64,933	)
Sale of short-term investments		55,000			24,944
Proceeds from sale of property and equipment		38			6
Net cash provided by (used in) investing activities		28,448			(44,286	)
Cash flows from financing activities:
Principal payments capital lease obligations		(12	)		(65	)
Proceeds from exercise of stock options		523			—
Excess tax benefits related to exercise of stock options		51			—
Net cash provided by (used in) financing activities		562			(65	)
Effect of exchange rate changes on cash		(7,087	)		4,701
Net increase (decrease) in cash and cash equivalents		28,770			(20,284	)
Cash and cash equivalents — Beginning of period		76,180			79,613
Cash and cash equivalents — End of period	$	104,950		$	59,329

VOLCOM, INC. AND SUBSIDIARIES

OPERATING SEGMENT INFORMATION (UNAUDITED)

(in thousands)

	Three Months Ended September 30,				Nine Months Ended September 30,
	2010		2009		2010		2009
Total revenues:
United States	$	64,487	$	56,769	$	163,513	$	142,839
Europe		28,672		30,250		57,420		57,814
Electric		8,911		6,897		21,101		15,798
Australia		2,588		—		2,588		—
Consolidated	$	104,658	$	93,916	$	244,622	$	216,451
Gross profit:
United States	$	29,261	$	28,350	$	77,409	$	69,874
Europe		15,971		16,016		32,611		30,457
Electric		5,466		4,117		12,506		8,888
Australia		1,163		—		1,163		—
Consolidated	$	51,861	$	48,483	$	123,689	$	109,219
Operating income (loss):
United States	$	6,354	$	9,017	$	11,624	$	13,801
Europe		9,653		9,730		14,725		13,306
Electric		1,885		911		2,598		(598	)
Australia		85		—		85		—
Consolidated	$	17,977	$	19,658	$	29,032	$	26,509