Deckers Outdoor (DECK) Tops Q3 EPS by 14c, Offers Guidance

Deckers Outdoor (NASDAQ: DECK) reported Q3 EPS of $1.17, $0.14 better than the analyst estimate of $1.03. Revenue for the quarter came in at $480.3 million versus the consensus estimate of $457.81 million.

Deckers Outdoor sees FY2014 EPS of $4.71, versus the consensus of $4.76. Deckers Outdoor sees FY2014 revenue of $1.83 million, versus the consensus of $1.82 million.

• The Company expects fiscal year 2015 SG&A expenses as a percentage of sales to be approximately 36%. Among other items, these expenses include increased marketing and supply chain costs, investments in IT infrastructure, expenses related to management reorganization, and operating costs associated with opening new stores in 2013 and 2014.
• The Company now expects fiscal year 2015 UGG brand revenues to increase approximately 14% over the twelve month period ended March 31, 2014, up from the previous guidance of 12%.
• The Company expects fiscal year 2015 Teva brand revenues to increase low double digits over the twelve month period ended March 31, 2014.
• The Company expects fiscal year 2015 Sanuk brand revenues to increase low double digits over the twelve month period ended March 31, 2014.
• Combined fiscal year 2015 net sales of the Company's other brands are expected to be approximately $82.0 million compared to $48.6 million for the twelve month period ended March 31, 2014.
• Fiscal year 2015 guidance assumes that the Company's effective tax rate will be approximately 29%.

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

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