Last $92.24 USD
Change Today -0.13 / -0.14%
Volume 307.9K
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As of 8:04 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

deckers outdoor corp (DECK) Key Developments

Deckers Outdoor Corp. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended June 30, 2014; Provides Earnings Guidance for the Second Quarter Ending September 30, 2015 and Third Quarter Ending December 31, 2014; Revised Earnings Guidance for the Fiscal Year Ending March 31, 2015

Deckers Outdoor Corp. announced unaudited consolidated earnings results for the first quarter ended June 30, 2014. The company reported a first quarter net loss of $37.06 million or $1.07 per diluted share against $29.27 million or $0.85 per diluted share a year ago. Net sales were $211.47 million against $170.08 million a year ago. Loss from operations was $50.48 million against $42.75 million a year ago. Loss before income taxes was $50.77 million against $43.05 million a year ago. The announced 24% revenue growth was driven by the growing year-round of the strength of the UGG brand combined with increased contributions from Teva, Sanuk and HOKA brands, believe that the investments were making to build a world-class Omni-Channel organization and transform business from a domestic footwear wholesaler into a multichannel global brand operator are having positive impact on results. For the fiscal year ending March 31, 2015, the company expects revenue to increase about 14% over 2014, up from its prior guidance of a 13% increase. EPS is seen increasing 14.5% over the year ago period, up from previous guidance of 13.5%. This guidance assumes a gross profit margin of approximately 49% and an operating margin of approximately 13%. Fiscal year 2015 guidance assumes that the company's effective tax rate will be approximately 29%. The capital expenditures for fiscal 2015 are expected to total approximately $100 million. For the second quarter ending September 30, 2015, the company expects revenue to be up 18% over the year ago period and diluted earnings per share of approximately $0.98 compared to a diluted earnings per share of $0.95 reported for the three month period ended September 30, 2013. The third quarter ending December 31, 2014 will generate a lower percentage of total annual sales and profits than in prior years due to higher profitability in new fourth quarter ending March 31, 2015.

Deckers Outdoor Corporation Announces New Stores

Deckers Outdoor Corporation announced that With respect to store expansion plans, the company is still targeting between 30 and 35 new stores for this fiscal year. The company will continue expanding the company’s store print in Asia Pacific, where it currently experience the high returns due to lower build-out and operating costs combined with higher productivity. The remaining relocations will be in North America with a mix of high-return outlet locations and high-traffic concept stores in major metropolitan cities like Las Vegas, Seattle, San Francisco, Waikiki, Toronto and Vancouver. The company will also be expanding international digital presence through new country-specific E-Commerce sites for Germany and Italy. The key next step of the company’s Omni-Channel evolution will be the opening of a smaller concept Omni-Channel store in Tysons Galleria this fall that will feature new in-store Web technologies such as interactive displays and the ability to reserve online and pick up in-store. In Asia Pacific, the company remains on track with its partner store program in China, which, for reporting purposes, are treated as wholesale account. The company expects there to be at least 10 stores opened this year under the terms of the agreement it has signed with these 3 new partners. Again, these stores are in addition to the company-owned stores the company plans to open this year. The company’s new partners will open doors in areas of China where it has little to no presence and believe the local operator is in a better position to run these stores successfully.

Deckers Outdoor Corp. to Report Q1, 2015 Results on Jul 24, 2014

Deckers Outdoor Corp. announced that they will report Q1, 2015 results on Jul 24, 2014

MOZO Shoes Unveils its New 2014 Styles

MOZO Shoes unveiled its new 2014 styles. With a 2014 line of shoes that feature pig skinned and diamond plated uppers, lining inspired by butcher aprons, and color palettes that draw from the rich hues found within ripe ingredients, MOZO continues to revolutionize the classic kitchen shoe, giving it such style that it not only redefines the dress code for the culinary industry, but also gives food enthusiasts a shoe that speaks to their passion in and outside of the kitchen. MOZO introduced three brand new styles, The Tour Collection, The Harvest Collection and The Gallant, this summer. For a total of eight different styles, these three newcomers join the existing lines of The Natural Collection, The Forza, Sharkz, Wedges, and The Red Skulls.

Deckers Outdoor Corp., Q1 2015 Earnings Call, Jul 24, 2014

Deckers Outdoor Corp., Q1 2015 Earnings Call, Jul 24, 2014

 

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