Sponsors
Billabong ▼ -0.010 | PPR ▼ -2.60 | American Apparel ▲ +0.02 | The Buckle ▼ -1.25 | Columbia ▼ -0.51 | Deckers Outdoor ▲ +0.02 | Dicks ▲ +0.03 | Foot Locker ▼ -0.56 | Genesco ▼ -1.04 | Iconix Brand Group ▼ -0.25 | Jarden Corp ▼ -0.80 | Nordstrom ▼ -0.43 | Luxottica ▼ -0.86 | Nike ▼ -0.68 | Pacific Sunwear ▼ -0.03 | Skullcandy ▼ -0.04 | Sport Chalet ▼ 0.00 | Urban Outfitters ▼ -0.30 | VF Corp ▼ -0.24 | Quiksilver ▼ -0.09 | Zumiez ▼ -0.76 | Macys ▼ -0.21 | Tillys ▼ -0.10 |
Ticker Sponsor
Readers Say
Great insight into the issues
Great insight into the issues

I am a big fan of Tiffany and her team as well as an avid reader of Shop-Eat-Surf. I shop, I eat, I surf -- I should pay.

- By Kevin Bailey, President, Vans
In touch with our business
In touch with our business

If you're not plugged into Shop-Eat-Surf.com daily, you're out of touch with our business!

- By Peter "PT" Townend, The ActivEmpire
Industry Insight

SDSI: Sports and active lifestyle employment outlook.
AGENDA: Last chance to register for NYC show.
MLA: Legal risk management of staging modern sports experiences in non-traditional settings.
Details on Industry Insight.


Tiffany Montgomery
Print This Article

Quiksilver reports $73 million loss for year

Quiksilver reports $73 million
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