LONDON, April 15, 2015 /PRNewswire/ --

Editor Note: For more information about this release, please scroll to bottom.

Investor-Edge.com has issued free post-earnings coverage on Quiksilver Inc. (NYSE: ZQK). On March 17, 2015, the company reported its financial results for Q1 FY15 (period ended January 31, 2015). Click on http://get.Investor-Edge.com/pdf/?c=Quiksilver&d=15-Apr-2015&s=ZQK to read our free earnings review on Quiksilver Inc. (Quiksilver). During Q1 FY15, the company's GAAP net revenues and pro-forma adjusted EBITDA were $340.85 million and $10.10 million, respectively. Chairman and CEO of Quiksilver, Andy Mooney, stated that the company is encouraged by its first quarter performance. Revenues adjusted for currencies and licensed categories essentially stabilized in Q1 FY15, and operating expenses decreased by $20 million versus the prior year in constant currencies, he added. Our free coverage report can be accessed at:

http://get.Investor-Edge.com/pdf/?c=Quiksilver&d=15-Apr-2015&s=ZQK

Earnings Overview

During Q1 FY15, Quiksilver's GAAP net revenues declined $54.06 million, or 14% Y-o-Y, from $394.91 million in Q1 FY14. However, the company's Q1 FY15 GAAP net revenues outperformed Bloomberg analysts' forecast of $337.50 million. Further, Quiksilver's net revenues fell 4%, or by $13.83 million, on a constant currency continuing category basis in Q1 FY15 to $340.38 million Q1 FY14.

In Q1 FY15, Quiksilver's Americas region's GAAP net revenues fell 16% to $147.77 million from $175.46 million in Q1 FY14. EMEA region's GAAP net revenues also declined 16% in Q1 FY15 to $125.81 million from $149.40 million in Q1 FY14. Moreover, APAC region's GAAP net revenues were down 5% to $66.60 million in Q1 FY15 from $69.88 million in Q1 FY14. Free research on ZQK can be downloaded in PDF format at:

http://get.Investor-Edge.com/pdf/?c=Quiksilver&d=15-Apr-2015&s=ZQK

For Q1 FY15, Quiksilver brand's GAAP net revenues declined 14% to $140.80 million from $163.85 million in Q1 FY14. The company's Roxy brand's GAAP net revenues were down 15% to $100.30 million in Q1 FY15 from $118.03 million in Q1 FY14. Furthermore, DC brand's GAAP net revenues fell 13% to $89.12 million in Q1 FY15 from $102.99 million in Q1 FY14.

Mr. Mooney said that the customer feedback on the company's Spring '15 product offering, across all brands, has been positive. He informed that order book for the Fall '15 product line continues to develop, and the company is confident in its ability to generate revenue increases going forward.

During Q1 FY15, Quiksilver's pro-forma adjusted EBITDA fell by $6.32 million from $16.45 million in Q1 FY14. The company's Q1 FY15 gross margin decreased to 49.7% from 50.8% in Q1 FY14. Further, net loss from continuing operations attributable to Quiksilver narrowed down to $18.29 million, or $0.11 loss per diluted share, in Q1 FY15 from net loss from continuing operations attributable to Quiksilver of $21.89 million, or $0.13 loss per diluted share, in Q1 FY14. For Q1 FY15, analysts from Bloomberg had expected net loss from continuing operations attributable to Quiksilver of $22.68 million, or $0.14 loss per diluted share. Sign up and read the free analyst's notes on ZQK at:

http://get.Investor-Edge.com/pdf/?c=Quiksilver&d=15-Apr-2015&s=ZQK

As of January 31, 2015, Quiksilver's cash and availability on credit facilities was $141 million.

In its outlook for Q2 FY15, Quiksilver expects net revenues to be approximately $340 million; flat as compared to Q2 FY14's net revenues on a constant currency continuing category basis. Further, the company anticipates gross margins to be approximately 48.0% for Q2 FY15 with SG&A expense, excluding any restructuring and special charges, of approximately $175 million and pro-forma adjusted EBITDA of approximately $8 million.

Quiksilver revised its full-year FY15 guidance, driven by changes in currency exchange rates since October 2014, as well as additional cost reduction initiatives. It now expects net revenues to be approximately $1.38 billion to $1.45 billion, an increase of approximately 1% to 6% on a constant currency continuing category basis versus full-year FY14. Further, the company anticipates gross margins to be between 48.5% and 50% for FY15 with SG&A expense, excluding any restructuring and special charges, in the range of $685 million and $700 million and pro-forma adjusted EBITDA of between $70 million and $80 million. Visit Investor-Edge and access the latest research on ZQK at:

http://get.Investor-Edge.com/pdf/?c=Quiksilver&d=15-Apr-2015&s=ZQK

Stock Performance

On the day following the earnings release, March 18, 2015, Quiksilver's stock rallied 18.82% to end the session at $2.02. Since then, the stock has moved both ways. On the last close, Tuesday, April 14, 2015, the company's shares finished at $1.74, 1.14% below its previous day's closing price of $1.76. The stock vacillated between $1.73 and $1.77 during the session. A total of 0.79 million shares were traded which was below their three months average volume of 1.79 million. The company's shares have gained 6.10% in the last one month. However, over the previous three trading sessions and over the past three months, the company's shares have lost 1.69% and 14.71%, respectively. Shares in Quiksilver closed below their 50-day and 200-day moving averages of $2.02 and $2.27, respectively. Furthermore, the stock has a Relative Strength Index (RSI) of 41.24.

Sneak Peek to Corporate Insider Trading

In the last one month, Quiksilver has not reported any share transactions by insiders to the U.S. Securities and Exchange Commission (SEC). Complimentary in-depth research on ZQK is available at:

http://get.Investor-Edge.com/pdf/?c=Quiksilver&d=15-Apr-2015&s=ZQK

About Investor-Edge.com

At Investor-Edge, we provide our members with a simple and reliable way to leverage our economy of scale. Most investors do not have time to track all publicly traded companies, much less perform an in-depth review and analysis of the complexities contained in each situation. That's where Investor-Edge comes in. We provide a single unified platform for investors' to hear about what matters. Situation alerts, moving events, and upcoming opportunities.

===============

EDITOR'S NOTES:

===============

1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.

2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.

3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.

4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] www.investor-edge.com.

5. For any urgent concerns or inquiries, please contact us at compliance [at] www.investor-edge.com.

6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] www.investor-edge.com for consideration.

COMPLIANCE PROCEDURE

Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Investor-Edge, represented by Rohit Tuli, CFA. An outsourced research services provider has only reviewed the information provided by Investor-Edge in this article or report according to the procedures outlined by Investor-Edge. Investor-Edge is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.

NOT FINANCIAL ADVICE

Investor-Edge makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.

NO WARRANTY OR LIABILITY ASSUMED

Investor-Edge is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Investor-Edge whatsoever for any direct, indirect or consequential loss arising from the use of this document. Investor-Edge expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Investor-Edge does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

CFA(R) and Chartered Financial Analyst(R) are registered trademarks owned by CFA Institute.

SOURCE Investor-Edge