Deckers Outdoor Corp (DECK) Tops Q4 EPS by 4c, Sees Sales Up Over 15%

Deckers Outdoor Corp (NASDAQ: DECK) reported Q4 EPS of $3.18, $0.04 better than the analyst estimate of $3.14. Revenue for the quarter came in at $603.9 million versus the consensus estimate of $565.21 million.

Based upon current visibility, the Company expects full year revenues to increase approximately 15% over 2011 levels.

The Company expects full year diluted earnings per share to be approximately flat with 2011 levels due primarily to the increase in sheepskin costs in 2012 compared to 2011, which the Company projects to adversely impact profitability by approximately $1.40 per diluted share. This guidance assumes a gross profit margin decline of 200 basis points from 2011 levels due to an increase in costs of goods sold.

The Company currently expects first quarter 2012 revenue to increase approximately 19% over 2011, and expects first quarter 2012 diluted earnings per share to be down approximately 50% compared to 2011.

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

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Walmart (WMT) PT Lowered to $130 at UBS on Investment Narrative's Competing Dynamics
• RenovoRx regains Nasdaq minimum bid price compliance
• UBS says bull market has further to run