Quiksilver hasn’t wrapped up their final 2010 numbers, but wanted to let everyone know that things aren’t as bad as they thought they were going to be back in September 2010, according to documents filed today with the SEC.
Based on preliminary data, the company estimates that fourth quarter fiscal 2010 net revenues were between $492 million and $497 million, compared to net revenues of $538.7 million for the fourth quarter ended October 31, 2009, and that fourth quarter fiscal 2010 pro-forma Adjusted EBITDA was between 10% and 20% higher than pro-forma Adjusted EBITDA of $49.9 million for the fourth quarter ended October 31, 2009. . . These preliminary estimated results are higher than the most recent outlook provided in September, at which time the company had expected fourth quarter revenues to be down in the mid-teens on a percentage basis compared to the same quarter a year ago and anticipated that full-year fiscal 2010 pro-forma Adjusted EBITDA would be up approximately 25% when compared to fiscal 2009.
And that’s good considering that 2009’s loss from continuing ops was about $73 million. In other news, Quik is rounding up another €200 million in a private offering in Europe.
Stereo’s Jason Lee has apparently sold his Los Feliz LA home at a loss of $300,000, according to a story in the Wall Street Journal.
Located in the Los Feliz neighborhood, the 2,200-square-foot home has three bedrooms and three baths. Situated on a 1½ acre lot with city views, the home, which was built in 1948, has a separate guest house, gardens and a private office. There’s a hot tub located off the master suite.
Lee reportedly bought the home in 2007 from bluesman Robert Cray for $3.4 million and has just sold it for $3.1. In “these economic times” it could have been much worse.
If The Guardian is going to give Cooler Magazine Editor Sam Haddad a trip to Stratton she might as well write it up the old-fashioned way. And do it she does. Going as far as to claim that Stratton Mountain is the place “where it all began.”
Today, snowboarders are such a ubiquitous sight on the slopes, it’s hard to imagine there was ever a time when they were universally banned, not to mention ridiculed as renegade punks who wore too much fluoro. Those of us who get our kicks from riding sideways through the snow have a lot to thank Stratton Mountain for. In 1983 the Vermont resort became the first to allow snowboarders on its slopes, and in doing so catapulted the sport towards its modern-day incarnation. Skiers have Wengen, surfers have Santa Cruz, and we have Stratton.
Well, Haddad got the East Coast version of the snowboard story down, but we’re still kind of stumped by the Santa Cruz reference?
Alternate Groove Snowboard Shop owner Marc Ebdrup may live in Nanaimo, British Columbia, Canada, but that hasn’t stopped him from being a desert bad-ass, according to a story Cowichan News Leader. He and teammates Nick Caldwell, Paul Gallagher, Don Hatton finished fifth place in the plus-30 pro class for “enduro bikes.”
Duncan Motorsports owner Don Hatton, sales and parts manager Nick Caldwell, technician Paul Gallagher and Nanaimo’s Marc Ebdrup teamed up to complete the race Friday in 33 hours, two minutes and seven seconds . . the big event began Thursday at 7 a.m. from Ensenada, Baja California, Mexico, about 65 miles south of the U.S./Mexico border. . . The course covered a distance of 1,061.69 miles before racers finished in La Paz.
Congrats. The team averaged 30 MPH for the entire race. As anyone who follows the Baja 1000 know, just finishing is a win.
The employee told authorities that the suspects were wearing “wrestling-type” masks over their faces and were carrying large semi-automatic handguns. They ran northbound through the parking lot of the shopping center, located at 2525 El Camino Real.
The robbers got away with the employee’s personal property and a Zumiez bank deposit. This is probably one of the reason’s locals call it “The Ghetto Mall.”
Sal Masekela has kicked down the most personal, insightful interview with Kelly Slater we will probably ever hear. Sal takes Kelly through all the questions we’ve all had (and more) for the 10x ASP World Champion.
The two cover thoughts on contest pressure, mindset going into his 10th title win, Andy Irons, Kalani, the future and much, much, more.
Anyone who has ever had a question for or about Kelly Slater, or even casually wondered what the life of a pro board sports athlete is like, take a half hour, sit down in a quiet place, and listen to this. It’s that good.
At what was described as “last night’s small announcement at Alex’s Bar in Long Beach, California where some shady karaoke and Jake puking went down!” it appears that Leo Romero has been named 2010 Thrasher Magazine’s SOTY. Congrats, Leo. We don’t know anyone who would argue with this one.
Two men have been arrested for the August 16, 2006 fire that destroyed ramps near the site of Virginia Beach’s world famous Mt. Trashmore Ramp and caused $400,000 in damages, according to a story on The Daily Press.
Battalion chief Tim Riley identified the two suspects as “former Green Run High School students” who are not being identified because they were juveniles at the time of the fire. Riley said the two males, who currently live in Richmond, are charged with unlawful burning of a structure. . . A spokeswoman for the commonwealth’s attorney’s office said no decision has been made about whether to charge the suspects as adults.
Tahoe’s Sugar Bowl Ski Resortis opening today (or so we’ve heard) with what is likely the best opening day snow they’ve had in years.
With 101 inches of new snow in the last seven days it would seem like they’d have all kinds of great things to Tweet about. Right?
So what was their last tweet? It was on November 9, 2010 letting all their followers know that they had “fired up the snow-making guns.” Since then, not a peep.
The latest promotional video/advertisment for the Oakley Shaun White Air & Style in China on December 4, 2010. It’s going down in the Beijing Olympic Sports Center Stadium. Don’t think we’re going to make it for this one. Click the link for more info.
Quiksilver hasn’t wrapped up their final 2010 numbers, but wanted to let everyone know that things aren’t as bad as they thought they were going to be back in September 2010, according to documents filed today with the SEC. 
