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News Breaks
May 16, 2013
18:41 EDTZQKQuiksilver announces multi-year profit improvement plan
Quiksilver announced an aggressive multi-year profit improvement plan designed to accelerate the company's three fundamental strategies of strengthening brands, growing sales and driving operational efficiencies. The plan's initiatives focus on prioritizing the company's core brands, globalizing key functions and reducing its cost structure. The company expects that the plan, when fully implemented in 2016, will improve EBITDA by approximately $150M, of which approximately one-half will come from supply chain optimization and the other half primarily from corporate overhead reductions, licensing opportunities, net revenue growth and improved pricing management, compared with 2012 results. More specifically, the plan calls for improvement, over the same period, in the following areas: Net revenues to see compound annual growth rate of approximately 2.5%, and EBITDA to increase to at least 13% of net revenues.
News For ZQK From The Last 14 Days
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March 17, 2015
19:42 EDTZQKOn The Fly: After Hours Movers
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16:22 EDTZQKQuiksilver sees FY15 revenue $1.38B-$1.45B, consensus $1.49B
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16:21 EDTZQKQuiksilver sees Q2 revenue $340M, consensus $368.57M
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16:20 EDTZQKQuiksilver reports Q1 continuing ops EPS (11c), consensus (14c)
Reports Q1 revenue $340.9M, consensus $337.37M. Gross margin decreased to 49.7% from 50.8%. The 110 basis point decline in gross margin reflects higher discounting, the unfavorable impact of currency exchange rates, and higher freight and distribution costs related to the West coast ports labor dispute, partially offset by the favorable impact of higher sales mix in direct to consumer channels.
March 13, 2015
16:59 EDTZQKQuiksilver files to delay Form 10-Q
As disclosed in the company’s press release dated March 4, the Audit Committee of the company’s Board of Directors is conducting an investigation with respect to a revenue cut-off issue. Due to the revenue cut-off issue and the Audit Committee’s ongoing investigation, the company has experienced a delay in the completion of its financial statements, Management’s Discussion and Analysis of Financial Condition and Results of Operations and other related components of the Quarterly Report. Based on currently available information, the company believes the completion of the Audit Committee’s investigation will have no material impact on its previously issued financial statements, its 2015 first quarter financial results, or its current guidance, and the company expects to file the Quarterly Report within the next ten days.

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