Quiksilver's Two Quarter Revenue Fell 7%, Shares Fell Sharply 30%

U.S.A Extreme sports brand The company's Quiksilver Inc.6 released its two quarter earnings after 2 months. As of April 30, 2014, the group's brand revenue fell across the board. The two quarter's 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 Inc. shares fell 29.71% to 4.07 U.S. dollars after the market.

In the two quarter, Quiksilver Inc. fell 10.4%, from 455 million 600 thousand US dollars in the same period last year to 408 million 200 thousand US dollars, of which Quiksilver income fell 7% to 167 million US dollars, Roxy brand income fell 6% to 121 million dollars, and DC brand income dropped by 19% to 103 million dollars. Wholesale revenue fell by 15% to $286 million, according to the channel. Retail income Basically flat for $90 million, same store sales rose 1%, of which e-commerce revenue rose 23% to 30 million dollars.

By region, American region Revenue plunged 18%, from 226 million US dollars in the same period last year to 186 million US dollars; EMEA region revenue fell 2% to 162 million US dollars, and Asia Pacific revenue fell 6% to 60 million US dollars.

As of the two quarter of April 30, 2014, the net loss of Quiksilver Inc. continued to expand to US $45 million 960 thousand, a loss of 32 million 904 thousand US dollars in the same period last year.

Quiksilver Inc. expects EBITDA in the current fiscal year to be lower than US $118 million in 2013.