Quiksilver Sports Sales, Profit Gains Over Prior Year
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COSTA MESA — Quiksilver Inc., the casual wear and sportswear company, reported higher profit and sales for the fiscal year ended Oct. 31.
Net income rose to $10 million, or $1.44 a share, from $7.7 million, or $1.15 a share, for the prior year, which included a gain of $600,000 from an accounting change. Sales rose 37% to $172.8 million from $126.2 million.
Fourth-quarter net income showed a gain of 30% from the year-earlier total, to $2.6 million, or 36 cents a share, from $2 million, or 29 cents a share. Sales increased 36% to $49.1 million from $36.2 million.
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