The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
HUNTINGTON BEACH, United States — Quiksilver Inc. on Tuesday reported a loss of $37.6 million in its fiscal second quarter.
The Huntington Beach, California-based company said it had a loss of 22 cents per share. Losses, adjusted for restructuring costs and asset impairment costs, were 17 cents per share.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 14 cents per share.
The skateboard and surfing-themed clothing maker posted revenue of $333.1 million in the period, which also did not meet Street forecasts. Five analysts surveyed by Zacks expected $339.6 million.
The company's shares closed at $1.24. A year ago, they were trading at $3.68.
In 2020, like many companies, the $50 billion yoga apparel brand created a new department to improve internal diversity and inclusion, and to create a more equitable playing field for minorities. In interviews with BoF, 14 current and former employees said things only got worse.
For fashion’s private market investors, deal-making may provide less-than-ideal returns and raise questions about the long-term value creation opportunities across parts of the fashion industry, reports The State of Fashion 2024.
A blockbuster public listing should clear the way for other brands to try their luck. That, plus LVMH results and what else to watch for in the coming week.
L Catterton, the private-equity firm with close ties to LVMH and Bernard Arnault that’s preparing to take Birkenstock public, has become an investment giant in the consumer-goods space, with stakes in companies selling everything from fashion to pet food to tacos.