Sponsors
Billabong ▲ +0.005 | PPR ▼ -7.45 | American Apparel ▼ -0.007 | The Buckle ▼ -0.26 | Columbia ▲ +0.02 | Deckers Outdoor ▼ -2.73 | Dicks ▼ -0.30 | Foot Locker ▼ -0.28 | Genesco ▼ -0.20 | Iconix Brand Group ▼ -0.23 | Jarden Corp ▲ +0.60 | Nordstrom ▼ -0.48 | Luxottica ▼ -0.38 | Nike ▲ +0.28 | Pacific Sunwear ▼ -0.12 | Skullcandy ▼ -0.05 | Sport Chalet - 0 | Urban Outfitters ▼ -0.44 | VF Corp ▲ +0.41 | Quiksilver ▲ +0.05 | Zumiez ▼ -0.75 | Macys ▼ -0.35 | Tillys ▼ -0.12 |
Ticker Sponsor
Professional Services
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.

More Professional Services...
Readers Say
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
I waited too long to sign up for Executive Edition
I waited too long to sign up for Executive Edition

I read Shop-Eat-Surf at every opportunity, and I waited too long to sign up for the Executive Edition. It’s timely, relevant and clearly “from the industry, for the industry.

- By Andy Laats, President, Nixon
Industry Insight

SIA: State of the snow industry videos. TAYLOR DIGITAL: Website tools to increase sales.

Details on Industry Insight.


Tiffany Montgomery
Print This Article

Quiksilver Q4 results better than expected

By Tiffany Montgomery
November 29, 2010 6:45 AM

Quiksilver released preliminary results for the fourth quarter and full year early this morning that showed fourth quarter results coming in better than expected.

 

Fourth Quarter

Net sales: Between $492 million to $497 million. That would be a decline of 8.6% to 7.7% vs. the fourth quarter of 2009.

 

Previously, Quiksilver had expected sales declines in the mid-teens for this fourth quarter.

 

Adjusted pro forma EBITDA: up 10% to 20%

 

Full Year 2010

Net sales: $1.83 billion to $1.84 billion vs. $1.97 billion in 2009, a decline of 7.1% to 6.5%.

 

Adjusted pro forma EBITDA: up at least 30%. Quiksilver had previously expected a 25% increase.

 

Forecast for 2011

Full year adjusted pro forma EBITDA: flat.

 

Capital spending: An increase of $15 million to $20 million due to investment in company retail, and a new ERP system.

 

Forecast for Q1

Adjusted pro forma EBITDA: will decline by $5 million to $10 million vs. the same period of 2010 due to increased marketing spending, the launch of the Quiksilver Girl’s line, and impacts of currency translations.

 

The company will release its final fourth quarter and 2010 full year results Dec. 16.

 

 


More on: Quiksilver, earnings

Articles You Might Have Missed