BILLABONG SHAKEN BY JAPAN EARTHQUAKE

Written on the 17 March 2011

BILLABONG SHAKEN BY JAPAN EARTHQUAKE

BILLABONG has 44 company-owned stores in Japan – 18 of which remain closed following the earthquake.

The stores generate around 60 per cent in revenues for the Burleigh Heads surf apparel giant, with that figure expected to be seriously dented and overall profit guidance to take a 6 per cent hit.

Further impacts could be expected from its 500 wholesale account customers in Japan, although it was too early to assess revenue declines.

Sales in Japan accounts for around 4 per cent of Billabong's global sales revenue and about 3 per cent of earnings.

Billabong reported a net profit of $145.9 million in 2010 and was on track for a similar FY 11 result.

It has now forecast a NPAT fall of between 2 and 6 per cent.


Latest News

BRISBANE COAL TERMINAL REOPENS AFTER SHIPLOADER REPAIR

COAL loading has recommenced at New Hope's (ASX: NHC) Brisbane terminal today after repairs to its ship loader, w...

SUPERYACHTS OFFER UNTAPPED POTENTIAL AT COMMONWEALTH GAMES

SUPERYACHT Australia has devised a strategy to attract more superyachts to Queensland and capitalise on revenue op...

GDP FIGURES A 'WAKEUP CALL' FOR PARLIAMENT

THE GDP figures are an end-of-year wakeup call for Parliament about what lies ahead for the country, according to ...

ACCC GIVES GO-AHEAD FOR NEWS CORP TO BUY ARM

NEWS Corporation (ASX: NWS) has been given the green light to acquire Australian Regional Media (ARM) from APN New...

Related News

HOW MCDONALD'S AUSTRALIA REDISCOVERED ITS INNOVATIVE SPIRIT

MCDONALD'S is such a ubiquitous part of the Australian landscape today that it is easy to forget how it change...

JB HI-FI IS THE GOOD GUY IN $870 MILLION ACQUISITION

ELECTRONICS giant JB Hi-Fi has formally completed its $870 million acquisition of home appliance chain The Good Gu...

ACCC ACTS AGAINST MERITON'S RIGGED REVIEWS

MERITON Property Services is under fire from Australia's main consumer watchdog, after it allegedly engaged in mi...

ACCC FIRES WARNING SHOT TO IVF PROVIDERS

IVF clinics have been put on notice by consumer watchdog, the Australian Competition and Consumer Commission (ACCC...

Contact us

Email News Update Sign Up Contact Details

Subscribe to our mailing list

* indicates required
Email Format

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter