Quiksilver Stock Dips On Bad Quarter

by The Editors on March 8, 2013

Quik Logo10For the quarter ended January 31, 2013 Quiksilver’s revenue dropped four percent, they lost $31.1 million dollars and their share price dipped eight percent, according to a story on Bloomberg Businessweek.

Quik CEO Andy Mooney said revenue was hurt by closing underperforming stores, weak wholesales sales and weakness in the Americas . . Late Thursday, Mooney said the company is making progress restructuring its organizational structure and streamlining its supply chain. . . “We believe these actions will help lay the foundation for improved operational results.”

While posting this we had to ask ourselves if we even care how Quiksilver is doing. And the short answer is, no, at this point we don’t. Do you?

[Link: Bloomberg Business]

tussinextreme March 11, 2013 at 4:38 pm

really? you don’t care at all?

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