Deckers Outdoor (DECK) Posts Smaller-than-Expected Q1 Loss, Revenues Beat

Deckers Outdoor (NYSE: DECK) reported Q1 EPS of ($0.28), $0.83 better than the analyst estimate of ($1.11). Revenue for the quarter came in at $283.2 million versus the consensus estimate of $257.84 million.

"First quarter performance was a testament to the resilience of our brands, the strength of our ecommerce platform, and the hard work of our employees," said Dave Powers, President and Chief Executive Officer. "While we are encouraged by the positive start to fiscal year 2021, we expect further challenges related to the COVID-19 pandemic, depending on the duration and severity of economic effects. We continue to believe our powerful brands, advanced omni-channel capabilities, and healthy balance sheet provide the foundation for our organization to weather this challenging environment and succeed over the long-term."

GUIDANCE:

Given the ongoing and fluid economic environment related to the COVID-19 pandemic, the Company will not be providing full year guidance for fiscal year 2021.

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

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