Known for outdoor sports lifestyle, apparel, footwear and accessories Quiksilver, Inc. announced financial results for its fiscal 2015 second quarter ended April 30, 2015. It reported second-quarter net loss attributable to the company of US $37.6 million, narrower than US $53.1 million in the comparable quarter last year. Revenues for the quarter were lower at US $333.05 million, compared with US $396.94 million in the prior year.
Pierre Agnes, CEO of the company said, “Our second quarter performance came in largely as expected with revenues adjusted for currencies and licensed categories essentially stabilized. We also reduced operating expenses, which allowed the Company to meet its EBITDA goal for the quarter on a constant currency basis. We are encouraged by customer feedback on our Spring ‘15 product offering across all brands.”
