Jun 12, 2012
Author: Mike P.
Judging from the story title you would think this is a bad news story. Well it is not, it’s good news. During the same quarter in 2011 Quiksilver was down a whopping 81.7 million.
Revenue in Q2 was up by 5% when compared to 2011. When combining Quiksilver, DC and Roxy, net revenues were $492 Million up $14 million compared to q2 in 2011.
“While we face some considerable challenges, we're pleased with the quality of our business in the second quarter, especially considering that economic conditions around the world remain uneven. In times like these, we appreciate the diversification in our business. It's reassuring that each of our brands, each of our regions and each of our sales channels are growing. We can now finally turn the page on a challenging first half of the year that included a number of unknown headwinds that particularly affected our gross margin.” — Robert B McKnight, CEO
For a full transcription of Quiksilver’s Q2 Earning’s call clickity click click.