Quiksilver Inc. on Thursday posted improved earnings results in which it substantially narrowed its second-quarter loss.
For the three months ended April 30, the loss attributed to Quiksilver was $5.1 million, or 3 cents a diluted share, against a loss of $83.3 million, or 51 cents, a year ago. The current reported quarter included $2.1 million of net after-tax asset impairment and restructuring charges, while the year-ago quarter included a $74.1 million non-cash goodwill impairment charge. Excluding one-time charges in both quarters, the loss was $3 million versus $17.3 million last year.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"