Quiksilver Inc Performance Slipped Shareholders Urge To Sell

Because of its poor performance, the US extreme sports brand Quiksilver has been repeatedly sold by aggressive investors.

Recently, Ryan Drexler and its investment company Consac LLC, holding Quiksilver200 million shares, once again sent a letter to the Quiksilver board, calling for a review of the opportunity to sell the company.

It is reported that he made this request 4 months ago. Drexler seems to be dissatisfied with the board's failure to take any action to consider selling the company.

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The majority shareholder believes that this move is entirely due to the poor performance of the company in the 2014 fiscal year.

The development led to.

Recently, the surf company announced that they will postpone its 2015 first quarter report time due to the deadline issue.

Last October, Ryan Drexler sent a letter to the board, urging the latter to consider selling the company through auction.

He believes that the revival plan of Quiksilver Inc. in the past 17 months is a "losing battle": the company's stock price has plunged more than 80% this year, and the 42 million 200 thousand quarter of the first three quarters was recorded after the impairment loss was recorded.

This is far more than US $11 million 400 thousand a year ago.

As of the four quarter of October 31, 2014, Quiksilver Inc. revenue was recorded at US $400 million 700 thousand, a decrease of 15.8% from 475 million 900 thousand US dollars in the same period last year, and the total income in fiscal 2014 was 1 billion 570 million 400 thousand US dollars, a decrease of 13.3% over the same period last year.

All the regions and brands of the fourth quarter Group recorded a decrease in revenue. Sales in the Americas, EMEA and Asia Pacific fell by 23%, 7% and 14% respectively. The core brand income of Quiksilver, Roxy and DC decreased by 18%, 9% and 19% respectively.

Quiksilver Inc. expects revenue in the 2015 fiscal year to be US $1 billion 480 million -15.5 billion, or worse than analysts' average estimate of US $1 billion 620 million.