In the latest quarter, Quiksilver recorded a benefit for income taxes of $7.4 million, significantly lower than the $64.3 million provision recorded a year earlier. . . For the quarter ended Oct. 31, Quiksilver posted a profit of $4.4 million, or two cents a share, down from $67.9 million, or 38 cents a share. Excluding special items such as impairment charges and restructuring expenses, profit was seven cents a share in the latest quarter. Revenue grew 2.5% to $559 million.
In spite of all this CEO Bob McKnight is “pleased, despite economic headwinds in certain markets, especially Europe and Australia, that revenues for fiscal 2012 increased across all three regions, all three major brands and all three distribution channels, in constant currency.” So there’s that.