Quelltext der Seite UGG! Deckers Falls 16% After-Hours7013424

Deckers Outdoor (DECK) fell 16% immediately after the organization missed earnings expectations and cuts its full-year earnings guidance. The maker of UGG boots posted 20 cents of EPS, 5 cents below expectations. Revenue met analysts’ expectations. Earnings will most likely decline 9% to 10% this year, the business mentioned, versus its prior guidance for flat earnings. “The [...]

   Deckers Outdoor (DECK) fell 16% after the corporation missed earnings expectations and cuts its full-year earnings guidance.<a 
href="http://www.uggbotasespaña.net" title="UGG Botas españa"><strong>UGG Botas españa</strong></a>

 The maker of UGG boots posted 20 cents of EPS, five cents below expectations. Revenue met analysts’ expectations. Earnings will likely decline 9% to 10% this year, the company stated, versus its prior guidance for flat earnings.<a href="http://www.uggbotasespaña.net" title="UGG Botas"><strong>UGG Botas</strong></a>

 “The year over year decline is due mainly to an boost in expense of goods sold in addition to a higher level of closeout sales, partially offset by selective prices increases, enhanced contribution from retail sales, and the addition of the Sanuk brand for the total year. This guidance also assumes SG&A as a percentage of sales of approximately 30% versus prior guidance of approximately 29% due to the lower sales projections”

  “Our first quarter performance was mixed versus our expectations,” stated Chairman and CEO Angel Martinez. “Sales growth was driven by the addition in the Sanuk brand combined with improved demand for the UGG brand spring line, partially offset by softness in boots due to the unusually warm weather. The difference in the channel mix versus projections, along with some larger closeouts for the Teva brand and non-Classic UGG brand styles, put some additional pressure on overall gross margins on top of your larger product costs we had forecasted.”

  “Looking ahead, I have confidence that we can continue to successfully navigate through the near-term challenges facing some areas of our business, while continuing to execute against our strategic plan aimed at delivering consistent sales and earnings growth more than the long-term”<a 
href="http://www.uggbotasespaña.net" title="UGG españa"><strong>UGG españa</strong></a>