Deckers Outdoor Earnings: Here’s Why the Stock is Down Now
Deckers Outdoor Corp. (NASDAQ:DECK) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 3.99%.
Deckers Outdoor Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 85% to $0.03 in the quarter versus EPS of $0.20 in the year-earlier quarter.
Revenue: Rose 7.1% to $263.8 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Deckers Outdoor Corp. reported adjusted EPS income of $0.03 per share. By that measure, the company beat the mean analyst estimate of $-0.1. It beat the average revenue estimate of $252.27 million.
Quoting Management: “We’re pleased to start the year with first quarter sales and earnings that were ahead of projections,” stated Angel Martinez, President, Chief Executive Officer and Chair of the Board of Directors. “The investments we are making in our product lines, direct to consumer channel and international markets are creating strong growth pillars for our brands. At the same time, the new innovation we’ve developed has the potential to provide meaningful cost savings and open new expansion opportunities in the future. We feel good about our current course and continue to be optimistic that our strategies will lead to sustainable growth and increased shareholder value.”
Key Stats (on next page)…