Quiksilver Inc. on Thursday reported fourth-quarter and full-year losses, due in part to conservative buying by retailers and sluggish traffic at the firm’s company-owned stores.
The loss for the three months ended Oct. 31 widened to $1.8 million, or 1 cent a diluted share, from $955,000, or 1 cent, in the same year-ago quarter. The loss from continuing operations was $15.7 million, or 12 cents a diluted share, compared with $13.8 million, or 11 cents, last year, excluding results of the Rossignol winter sports and golf equipment businesses as they were reported as discontinued operations. The Huntington Beach, Calif.-based firm sold the Rossignol ski business and Roger Cleveland Golf Co. in 2008. Revenues declined 11.2 percent to $538.7 million from $606.9 million.
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