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Rossignol dragging Quiksilver down

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snowbladesforlife
Posts: 2033 - Karma: -3
From their 2nd quarter financial report:

The current quarter includes a charge of $240.2 million related to discontinued operations. Quiksilver has classified its Rossignol division as discontinued operations. The company sold its golf equipment operations in December 2007 and has begun a process to sell Rossignol.
Jun 6 2008 11:07AM
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sicbith
Posts: 92 - Karma: 4

If you were listening to the webcast of Quik's second quarter report you would of heard Quik's CFO talk about discontinued business, and why Quik reported with Rossi listed as such.  He also mentioned that Rossi performed in the 2ed quarter as Quik had expected.  Rossi's production costs are high in the 2ed quarter as they produce products for Dynastar, Rossi, Roxy, Lib Tech, Gnu, Rossi boards, entire winter and summer clothing lines, and fund a Mt Hood/Racing program.

Jul 10 2008 1:53PM
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