One of the world’s leading outdoor sports lifestyle companies Quiksilver Inc. announced financial results for the fiscal 2014 fourth quarter and full year ended on October 31, 2014. In fourth quarter of fiscal 2014, net revenues were US $ 401 million compared with US $ 476 million of last year, down 11 per cent, or US $ 50 million, on a constant currency continuing category basis. Be it any brand, Distribution channels like wholesale or ecommerce, net revenues was down in every segment. Though apparel and accessories net revenues were US $ 317 million compared with US $ 371 million. For the full year of fiscal 2014 against the 2013, net revenues, as reported, were US $ 1.57 billion compared with US $ 1.81 billion. For fiscal year 2015 net revenues are expected in the range of US $ 1.48 billion to US $ 1.55 billion, an increase of 1 per cent to 5 per cent on a constant currency continuing category basis versus the prior period.
