NEW YORK — Hefty sales gains allowed Quiksilver Inc. to easily outpace Wall Street forecasts in the fourth quarter.
For the three months ended Oct. 31, the Huntington Beach, Calif.-based active apparel maker reported a more than fivefold increase of 412.7 percent in net earnings to $12.2 million, or 49 cents a diluted share. That compares with last year’s profits of $2.4 million, or 10 cents. Earnings per share eclipsed analysts’ estimates by 6 cents.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)