Deckers Outdoor (NASDAQ: DECK) reported Q3 EPS of $4.50, $0.02 worse than the analyst estimate of $4.52. Revenue for the quarter came in at $787.7 million versus the consensus estimate of $813.7 million.

• Fourth Quarter Fiscal Year 2015 Outlook for the Three Month Period Ending March 31, 2015
• Full Fiscal Year 2015 Outlook for the Twelve Month Period Ending March 31, 2015
• The Company now expects fiscal year 2015 revenues to be approximately $1.8 billion or 13.5% over the twelve month period ended March 31, 2014, down from the previous guidance of approximately $1.825 billion or 15%.
• The Company now expects fiscal year 2015 diluted earnings per share to be approximately $4.58 or an increase of 12.6% over the twelve month period ended March 31, 2014, compared to the previous guidance for growth of approximately 15.8%. This guidance assumes a gross profit margin of approximately 49% and an operating margin of approximately 12.5% compared to previous guidance of approximately 13%.(Street sees FY EPS of $4.77)
• 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 11% over the twelve month period ended March 31, 2014, down from the previous guidance of approximately 14%.
• 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 now expected to be approximately $83.0 million compared to $48.6 million for the twelve month period ended March 31, 2014, up from previous guidance of approximately $82.0 million.
• Fiscal year 2015 guidance now assumes that the Company's effective tax rate will be approximately 27%, down from previous guidance of 29% due to a change in jurisdictional mix

The Company still expects fourth quarter fiscal year 2015 revenues to increase approximately 10% over the three month period ended March 31, 2014.
The Company now expects to break even for fourth quarter fiscal year 2015, compared to a diluted loss per share of $(0.08) reported for the three months period ended March 31, 2014, down from previous diluted earnings per share guidance of $0.15, driven mostly by gross margin pressure from foreign currency exchange rates.

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