Sponsors
Billabong ▼ -0.010 | PPR ▲ +2.05 | American Apparel ▼ 0.000 | The Buckle ▲ +0.07 | Columbia ▲ +0.57 | Deckers Outdoor ▲ +1.08 | Dicks ▲ +0.30 | Foot Locker ▼ -0.09 | Genesco ▲ +0.35 | Iconix Brand Group ▲ +0.12 | Jarden Corp ▲ +0.24 | Nordstrom ▲ +0.77 | Luxottica ▲ +0.39 | Nike ▲ +0.25 | Pacific Sunwear ▼ 0.00 | Skullcandy ▼ -0.06 | Sport Chalet - 0 | Urban Outfitters ▲ +0.26 | VF Corp ▲ +0.95 | Quiksilver ▲ +0.01 | Zumiez ▲ +0.77 | Macys ▲ +0.66 | Tillys ▲ +0.15 |
Ticker Sponsor
Readers Say
I require all our executives to read it
I require all our executives to read it

There is no better publication that I am aware of that is so accurate and on top of any news and developments in our industry. I personally recommend it to many people that want to know and understand more about our industry. For the most part, shop-eat-surf.com gets the stories first. As a matter of fact, I require all the executives in our company to read it.

- By Hezy Shaked, President & CEO, Tilly's
Useful on a daily basis
Useful on a daily basis

It's well balanced information that is useful on a daily basis. I'm very satisfied with the Executive Edition. I start each day with SES and a big cup of coffee!

- By Tom Ruiz, EVP Sales, Volcom
Industry Insight

SIMA: Tickets on sale for 12th Image Awards show on Feb. 12.
PROCOPIO: Seminar 1/31 at Snow Show on IP strategies.

Details on Industry Insight.


Tiffany Montgomery
Print This Article

Quiksilver reports $73 million loss for year

By Tiffany Montgomery
December 17, 2009 1:29 PM

Quiksilver’s loss widened for the fiscal year and fourth quarter ending Oct. 31.

For the year, the company reported a net loss of $73.2 million, including restructuring and other charges, vs. a net loss of $65.5 million last year.

Excluding the charges, the company reported net income of $4.6 million.

Total revenue for the year fell 13% to $1.98 billion.

In the Americas for fiscal 2009, revenue fell 12% to $929.7 million.

In Europe, sales fell 15% to $792.6 million. In constant currency, sales declined 7%.

In Asia Pacific, sales fell 5% to $251.6 million. In constant currency, sales rose 9%.

Total inventories at year end fell 14% to $267.7 million. In constant currency, inventories declined 22%.

Liquidity: The company said it has $143 million available on its credit lines and $100 million in unrestricted cash.

Fourth quarter results

Total revenue: down 11% to $538.7 million

Net loss: $15.7 million vs. $13.8 million loss last year. Excluding restructuring and other charges, the company recorded net income of $3.2 million.

Americas revenue: down 22% to $239.5 million

Europe revenue: down by 2% to $211.4 million. In constant currency, revenue fell 4 %.

Asia Pacific revenue: up 5% to $86.6 million. In constant currency, revenue fell 4%.

First quarter forecast

The company expects revenues to decline 7% in the first quarter. It expects a loss of 12 to 15 cents per share.


Articles You Might Have Missed