Deckers Beats, Warns of High Cost - Analyst Blog
21.05.12
Deckers Outdoor Corporation ( DECK ) recently delivered a record fourth-quarter 2011 results on the
back of strong demand for the product lines under the UGG brand
during holiday season. The Teva brand and the recent acquisition of
the Sanuk also were significant contributors. However, Deckers'
warned that rise in sheepskin prices and other costs would hurt the
bottom lines of the first quarter and full year 2012.
The fourth quarter earnings of $3.18 per share beat the Zacks
Consensus Estimate of $3.13, and surged 40.1% from $2.27 earned in
the prior-year quarter.
Deckers said that total net sales jumped 40.4% to $603.9 million
from the prior-year quarter, and came ahead of the Zacks Consensus
Estimate of $563 million, reflecting sustained focus on new product
introductions, store augmentation, along with geographic
expansion.
Deckers witnessed increased demand for the UGG brand principally
in the domestic wholesale market buoyed by new assortments and
styles as well large collections of men's and women's products. The
company also has a presence in Asia, with Japan and China leading
the way and providing avenues for UGG brand.
Source: NASDAQ