Sponsors
Billabong ▼ -0.010 | PPR ▼ -2.20 | American Apparel ▼ -0.020 | The Buckle ▼ -0.85 | Columbia ▼ -1.34 | Deckers Outdoor ▲ +1.09 | Dicks ▼ -0.65 | Foot Locker ▼ -0.56 | Genesco ▼ -0.67 | Iconix Brand Group ▼ -1.22 | Jarden Corp ▲ +0.01 | Nordstrom ▲ +0.11 | Luxottica ▼ -0.58 | Nike ▼ -0.16 | Pacific Sunwear ▲ +0.07 | Skullcandy ▼ -0.12 | Sport Chalet - 0 | Urban Outfitters ▼ -0.44 | VF Corp ▲ +0.13 | Quiksilver ▼ -0.01 | Zumiez ▼ -0.33 | Macys ▼ -0.46 | Tillys ▼ -0.14 |
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Friedman Stroffe & Gerard, P.C.

FSG’s Action Sports Practice Group provides legal services to the action sports industry. Our clients include surfers, skiers, snowboarders and skaters, as well as sponsors and leading apparel companies. Our attorneys serve in positions with industry organizations such as the Association of Surfing Professionals. We know your business and can provide full-service legal solutions to meet your organizational needs.

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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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