Deckers Outdoor (DECK) Tops Q4 EPS by 5c, Guides Lower; CEO Out
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Revenue Growth %: +11.1%
Financial Fact:
Interest income: -103K
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Deckers Outdoor (NYSE: DECK) reported Q4 EPS of $0.11, $0.05 better than the analyst estimate of $0.06. Revenue for the quarter came in at $378.6 million versus the consensus estimate of $362.08 million.
Dave Powers will succeed Angel Martinez as Chief Executive Officer of Deckers Brands following Mr. Martinez’s retirement, effective May 31, 2016. Mr. Martinez will continue to serve as Chairman of the Company’s board of directors.
“Our stronger than expected fourth quarter Non-GAAP operating results are very encouraging given the current market environment,” commented Angel Martinez, Chief Executive Officer and Chair of the Board of Directors. “Looking back on the year, our performance was challenged by record warm weather across the globe and store traffic declines across retail. While these issues have created lingering headwinds for the industry, I am confident that Deckers is well positioned to increase long-term shareholder value with the new leadership team in place, our robust Omni-Channel capabilities and strong brand portfolio.”
GUIDANCE:
Deckers Outdoor sees Q1 2017 EPS of ($2.10)-($2.20), versus the consensus of ($1.47).
Deckers Outdoor sees FY2017 EPS of $4.05-$4.40, versus the consensus of $4.50.
Full Year Fiscal 2017 Outlook for the Twelve Month Period Ending March 31, 2017
First Quarter Fiscal 2017 Outlook for the Three Month Period Ending June 30, 2016
For earnings history and earnings-related data on Deckers Outdoor (DECK) click here.
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