Asia/Pacific net revenues increased 16 percent to $58.3 million in the first quarter of fiscal 2006 from $50.5 million in the first quarter of fiscal 2005.
Bernard Mariette, President of Quiksilver Inc, said, "We were pleased with our first quarter results, highlighted by significant gains in both sales and earnings per share and continued margin expansion. During the quarter we executed well, achieved our financial plan and further extended our reach around the world. Importantly, the integration program of Rossignol is progressing on all fronts, and we are broadening our initiatives to enhance our gross profitability and improve our competitive position."
The company reiterated its fiscal 2006 annual revenue guidance of $2.25 to $2.27 billion and its fiscal 2006 annual diluted earnings per share guidance of $0.87 to $0.88, before stock compensation expense.
Quiksilver Inc is the world's leading outdoor sports lifestyle company, which designs, produces and distributes a diversified mix of branded apparel, wintersports and golf equipment, footwear, accessories and related products.
The company's apparel and footwear brands represent a casual lifestyle for young-minded people that connect with its boardriding culture and heritage, while its wintersports and golf brands symbolize a long standing commitment to technical expertise and competitive success on the mountains and on the links.
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