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Huntington Beach-based Quiksilver's revenue sinks 11 percent

Net revenue in Americas drops 13 percent during first quarter.

By Kristen SchottPublished: March 12, 2009 02:57 PM

Huntington Beach-based Quiksilver is reporting its first-quarter fiscal 2009 results, and the numbers show the lack of consumer spending in recent months.

For the quarter that ended Jan. 31, the action-sports apparel company's consolidated net revenue decreased 11 percent to 443.3 million, compared with $496.6 million at the same time last year.

Net revenue in the Americas hit $203.4 million, which is a drop of 13 percent. European net revenues declined 9 percent during the first quarter to $181.7 million from $200.3 million in the first quarter of 2008. Asia/Pacific numbers also decreased 5 percent to $57.6 million.

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