Deckers Outdoor (DECK) Tops Q2 EPS by 52c

Deckers Outdoor (NYSE: DECK) reported Q2 EPS of $1.54, $0.52 better than the analyst estimate of $1.02. Revenue for the quarter came in at $482.5 million versus the consensus estimate of $438.44 million.

GUIDANCE:

Deckers Outdoor sees FY2018 EPS of $4.15-$4.30, versus the consensus of $4.06.

Deckers Outdoor sees Q3 2018 EPS of $3.65-$3.75, versus the consensus of $4.10. Deckers Outdoor sees Q3 2018 revenue of $735-745 million, versus the consensus of $753.85 million.

“In light of our strong results and our confidence in the back half of the fiscal year, we are increasing our outlook for the year. In addition, I am pleased to announce that the board of directors has authorized a new $335 million share repurchase program. Combined with the $65 million remaining under our current authorization, we now have the ability to repurchase a total of $400 million worth of shares, or approximately 20% of our market capitalization. We intend to aggressively repurchase our shares to reward our long-term shareholders with accelerated EPS growth.”

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

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