Quiksilver Sets Multi-Year Improvement Strategy
The action sports company, which recently hired former Eager Beaverton and Disney senior executive Andy Mooney as CEO, has begun work on a multi-year profit improvement plan. Financial objectives of the strategy include improving ZQK’s EBITDA by $150 million in CY16 via supply chain optimization and overhead reductions, compound annual growth rate of approximately 2.5% for revenues, and EBITDA equal to at least 13% of net revenues.
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