Quiksilver Continued To Slump, Revenue Plunged 18.9% In The Three Quarter

The US extreme sport Brand Company Quiksilver Inc. has been in the doldrums this year. The three quarter ended in a profit and loss balance of the 0.03 quarter of July 31st, much lower than analysts' expected earnings of $0.03 a share, and revenues plunged 18.9% to $395 million 700 thousand.

Adverse news led to a 15% fall in the Quiksilver share market.

And in June 2nd

The two quarter earnings report ended April 30, 2014, and the group's brand revenue declined on the whole. In the two quarter, the continuing operation recorded a loss of $0.15 per share, much lower than analysts expected -0.02 dollars, and the outlook for the second half of the fiscal year was bleak. Quiksilver shares fell 29.71% to 4.07 yuan after the stock market.

Quiksilver fell 10.4% in the two quarter, down from $455 million 600 thousand in the same period last year to $408 million 200 thousand, of which Quiksilver revenue fell 7% to 167 million.

Roxy brand revenue fell 6% to 121 million dollars, and DC brand revenue plunged 19% to 103 million dollars.

Wholesale revenue dropped by 15% to $286 million, retail revenue was basically flat at $90 million, while sales in the same store rose by 1%, with e-commerce revenues rising 23% to 30 million US dollars.

By region, revenues in the Americas region dropped by 18%, from 226 million US dollars in the same period last year to 186 million US dollars; in the EMEA region, revenues dropped by 2% to 162 million US dollars, and Asia Pacific revenues fell 6% to 60 million US dollars.

As of April 30, 2014

Quiksilver continued operating net loss expanded to $45 million 960 thousand, a loss of $32 million 904 thousand in the same period last year.

Quiksilver expects that in the current fiscal year EBITDA will be less than 2013 (2013 stores) in the year of 118 million dollars.