Craig Woolford, a Citygroup analyst is warning investors that Billabong “could downgrade full-year earnings guidance when it delivers its first half result this Friday,” according to a story in the Wall Street Journal.
“We see risk the full-year guidance of 85 million Australian dollars (US$87 million) to A$92 million in Ebitda may be revised lower,” the broker said in a note to clients, explaining that the surfwear retailer may seek to provide significant clarity about its earnings trends given two private equity-backed consortia are conducting due diligence.”
Maybe this comes as one more reason Launa Inman (right) and the Billabong board should just take the VF Corp money and go their own ways.
[Link: Wall Street Journal]
