Quiksilver, Inc. now expects fourth quarter fiscal 2004 revenue to range between $345 million and $348 million, an increase of 28% to 29% compared to $269 million for the fourth quarter of fiscal 2003. The Company also stated that it expects diluted earnings per share to range from $0.39 to $0.40, versus the current First Call consensus estimate of $0.37. This represents an increase of 30% to 33% compared to $0.30 for the fourth quarter last year. Quiksilver, Inc. plans to report actual results for its fourth quarter ended October 31, 2004 on December 16, 2004.
Robert McKnight, Chairman and Chief Executive Officer of Quiksilver, Inc., said, “These results represent a great way to end an outstanding year. Our ability to exceed the First Call consensus estimate for the 12th consecutive quarter and generate an earnings per share increase in excess of 30% once again demonstrates the global strength of our brands.”
Quiksilver, Inc.’s President, Bernard Mariette, added, “The power of our global platform continues to be a driving force in our success. Not only did we outperform expectations in all three of our geographic regions, but we are also seeing the positive results of a faster than anticipated integration of DC Shoes. Together, we have leveraged a fantastic brand with our operating model to improve efficiencies and enhance results. In addition, by applying the Quiksilver model to our business in Japan, the Asia/Pacific team is making great progress as well. We see no sign of a slowdown in our business and believe that we are positioned to continue to build on our already excellent track record into fiscal 2005 and beyond.”
