Revenues slide at Quiksilver
07/09/2010
Outdoor sports lifestyle company Quiksilver experienced sales declines in all its geographical regions during the third quarter ended July 31.
Total net revenues were $441.5 million compared with $501.4 million during the same period last year. Americas revenues fell $234.6 million from $256.8 million, while Europe revenues dropped 20% to $151.7 million from $189 million. Asia Pacific revenues decreased by 1% to $54.5 million.
However, income for the third quarter was $12.5 million compared with $3.7 million during the third-quarter of 2009.
Robert McKnight Jr, chairman of the board, chief executive officer and president of Quiksilver, said: “We’re very pleased to again deliver financial results that exceeded our prior expectations. Our team executed well in an economic environment that continues to present significant challenges around the world.”Share this story:
