A quick summary of Quiksilver’s results for the first quarter ended Jan. 31. We’ll have more details later from the conference call.
Total revenue: down 2% to $432.7 million
Net loss, excluding charges: $2.5 million vs. $9 million the same period last year.
Net loss including severance charges: $5.4 million vs $65.9 million
Americas revenue: down 2%
Europe: down 2% in reported dollars. Down 12% in constant currency.
Asia/Pacific: down 16% in reported dollars. Down 15% in constant currency.
Inventory: down 21% to $301.2 million
Liquidity: $148 million available under credit lines; $150 million in unrestricted cash.
Second quarter guidance
Revenue: down high single digits
Earnings per share: in the low single digits
