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Billabong ▼ 0.000 | PPR ▼ -2.15 | American Apparel ▲ +0.003 | The Buckle ▼ -0.78 | Columbia ▼ -0.28 | Deckers Outdoor ▼ -1.26 | Dicks ▼ -0.82 | Foot Locker ▼ -0.38 | Genesco ▼ -1.41 | Iconix Brand Group ▼ -0.16 | Jarden Corp ▼ -0.26 | Nordstrom ▼ -0.67 | Luxottica ▲ +0.34 | Nike ▼ -0.59 | Pacific Sunwear ▼ -0.05 | Skullcandy ▲ +0.07 | Sport Chalet - 0 | Urban Outfitters ▲ +0.05 | VF Corp ▼ -0.63 | Quiksilver ▼ -0.06 | Zumiez ▼ -0.17 | Macys ▼ -0.30 | Tillys ▼ 0.00 |
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Tiffany Montgomery
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Quik says results better than expected

By Tiffany Montgomery
March 11, 2010 3:22 PM

A quick summary of Quiksilver’s results for the first quarter ended Jan. 31. We’ll have more details later from the conference call.

Total revenue: down 2% to $432.7 million

Net loss, excluding charges: $2.5 million vs. $9 million the same period last year.

Net loss including severance charges: $5.4 million vs $65.9 million

Americas revenue: down 2%

Europe: down 2% in reported dollars. Down 12% in constant currency.

Asia/Pacific: down 16% in reported dollars. Down 15% in constant currency.

Inventory: down 21% to $301.2 million

Liquidity: $148 million available under credit lines; $150 million in unrestricted cash.

Second quarter guidance

Revenue: down high single digits

Earnings per share: in the low single digits

 


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