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Quiksilver – ZQK – Performed in the second quarter amid inconsistent economic conditions around the world

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Quiksilver, Inc. (NYSE:ZQK) announced operating results for the second fiscal quarter ended April 30, 2012. Revenues grew 3% to $492.2 million compared to $478.1 million in the second quarter of fiscal 2011 and grew 5% in constant currency.

ZQK Q2 Highlights

  • Revenues for each of the company’s three major brands – Quiksilver, Roxy and DC – grew in the second quarter compared to the same quarter a year ago.
  • Second quarter same store sales in company-owned retail stores grew 6% on a global basis and were positive in each region.
  • Revenues in the company’s Americas and Asia/Pacific regions grew in all three channels of distribution including wholesale, company-owned retail and E-Commerce.
  • Quiksilver’s strong online sales momentum continued as the company’s second quarter E-Commerce revenues again demonstrated solid growth compared to the same quarter a year ago.
  • Continuing the company’s investment in emerging markets, on May 1st Quiksilver expanded its majority ownership in its Brazilian entity to 80%. The company’s business in Brazil continues to demonstrate strong growth and solid profitability while generating annual revenues of greater than $50 million.
  • DC continues to build its strong online following with nearly 9 million Facebook fans who collectively generated over 182 million impressions on the DC brand Facebook page during Q2. In addition, DC’s official YouTube film channel generated nearly 14 million views in the quarter.
  • With two events remaining in the 2012 Association of Surfing Professionals season, Quiksilver team rider and brand ambassador Stephanie Gilmore, a four-time World Champion, and Roxy team rider Sally Fitzgibbons, world title runner-up the past two years, are locked in a tight battle for the women’s world surfing title after both have won two events during the current campaign. The next event on this year’s schedule is the Roxy Pro France in July.
  • The Street League Skateboarding DC Pro Tour kicked off its 2012 season at the Sprint Center in Kansas City. 17-year-old phenom Nyjah Huston, the newest addition to the DC skate team, won the event in a dramatic duel with Bastien Salabanzi, the tour’s first European qualifier. The next stop on the DC Pro Tour is at the Citizens Business Bank Arena in Ontario, California, June 15-16.

Robert B. McKnight, Jr., Chairman of the Board, Chief Executive Officer and President of Quiksilver, Inc., commented, “I’m proud of the Quiksilver team’s performance in the second quarter amid inconsistent economic conditions around the world. We continue to see examples of solid growth in our emerging markets while some established markets, particularly in Europe, have been impacted by regional economic uncertainty.”


About Quiksilver – ZQK

Quiksilver, Inc. (ZQK) is one of the world’s leading outdoor sports lifestyle companies. Quiksilver designs, produces and distributes a diversified mix of branded apparel, footwear and accessories.








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edliston
Post Written By: Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.


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Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing.

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