More Bad News For Quiksilver

by The Editors on June 9, 2015

Logo-Qs@2XLast week a board member resigned with some anger and now Quiksilver stock has fallen 38 percent after the company reported a less than stellar second quarter, according to a story in the Orange County Business Journal.

The Huntington Beach-based apparel manufacturer and retailer posted $333 million in revenue for the quarter that ended April 30, compared with $397 million for the same period a year earlier. It recorded a loss of $37.5 million or 22 cents per share, about the same as last year. Analysts expected $341.24 million in revenue and a loss of 14 cents per share for the quarter. . . Revenue for its Quiksilver division decreased $28 million, or 16.7%, to $139 million. Sales for the Roxy division dropped $15 million, or 12.5%, to $105 million. DC Shoes was down $22 million, or 21.3%, to $81 million.

Down, down, and down. At this rate Bob McKnight and friends will be able to take Quik private again for next to nothing. . . oh, did we say that out loud?

[Link: Orange County Business Journal]

{ 1 comment… read it below or add one }

Leave a Comment

Previous post:

Next post: