Quiksilver announced their Q4 results on December 11th and from a quick read through of the earnings call, there was one or two interesting nuggets released.

Topline, the outlook is below analysts expectations, the revenue for last quarter was lower than expected and the loss was bigger than expected. Surprises all round!

However, CEO Andy Mooney states early in the call that, “The organizational restructuring of the company is now complete and the management team focused singularly on execution.” Now this is mostly right – there’s still $12 million marked for redundancies as part of the one time costs for next year, so “complete” might be an over statement unless I’ve misunderstood. On that point as well, Mooney says, “The rightsizing of our athlete and event roster is finalized and we now have resources to activate the many great athletes representing our brands, such as Dane Reynolds for Quiksilver, Stephanie Gilmore for Roxy, and Nyjah Huston for DC.” So the pain on the team front may be coming to an end.