Deckers Outdoor (DECK) Tops Q1 EPS by 27c

Deckers Outdoor (NYSE: DECK) reported Q1 EPS of ($1.80), $0.27 better than the analyst estimate of ($2.07). Revenue for the quarter came in at $174.4 million versus the consensus estimate of $170.26 million.

GUIDANCE:

Deckers Outdoor sees Q2 2017 EPS of $1.12-$1.22.

Full Year Fiscal 2017 Outlook for the Twelve Month Period Ending March 31, 2017

• The Company continues to expect fiscal year 2017 net sales to be in the range of down (3)% to flat.
• Gross margin for fiscal 2017 is expected to be in the range of 47.0% to 47.5%.
• SG&A expenses as a percentage of sales are projected to be approximately 37%.
• The Company expects fiscal 2017 diluted earnings per share to be in the range of $4.05 to $4.40. This excludes any pretax charges that may occur from any further restructuring charges, which are expected to be in the range of $10-$15 million in fiscal year 2017.

For earnings history and earnings-related data on Deckers Outdoor (DECK) click here.

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