This was the case Friday following Deckers Outdoor's UGGs on Sale (NAS: DECK) fourth-quarter benefits and fiscal 2012 forecast, which may be described only as UGG-ly!
The maker of the well known UGG boots posted a 40% rise in both revenue and income. Its dominant UGG brand grew UGGs Boots on sale product sales by 38%, while its Teva brand saw revenue rise by 46%. Worldwide revenue offered the biggest increase, growing by 82%. These final results basically squeaked by Wall Street's expectations. It was the company's 2012 guidance that ripped the soles right out from investors' feet.
While in the upcoming year, Deckers anticipates that a mixture of growing sheepskin charges and increased expenses associated with opening new outlets will have an effect on its bottom line. Within the very first quarter, Deckers anticipates EPS of $0.25 and full-year EPS of $5.07. The two fall effectively brief of your $0.63 and $5.82, respectively, that analysts had anticipated.
Despite the 13% haircut final week, you'll find nevertheless three UGGs on sale Canada visible factors I see to avoid the stock.
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