Deckers Outdoor (DECK) Posts Smaller Q1 Loss, Issues Mixed Outlook

Deckers Outdoor (NYSE: DECK) reported Q1 EPS of ($1.28), $0.39 better than the analyst estimate of ($1.67). Revenue for the quarter came in at $209.7 million versus the consensus estimate of $178.54 million.

“Our first quarter results reflect solid consumer demand for our spring product offering across our brands combined with earlier than planned shipments of certain fall orders,” commented Dave Powers, President and Chief Executive Officer. “While it is still early in the year, we are encouraged by our recent top-line performance. Looking ahead, we believe the product, marketing and distribution strategies we’ve implemented across our brand portfolio, along with the anticipated benefits from our cost savings initiatives, have us well positioned to achieve the operating profit improvement targets we established for fiscal 2018 and longer-term.”

GUIDANCE:

Deckers Outdoor sees Q2 2018 EPS of $1.00-$1.05, versus the consensus of $1.26.

Deckers Outdoor sees FY2018 EPS of $3.95-$4.15, versus the consensus of $4.04.

For earnings history and earnings-related data on Deckers Outdoor (DECK) click here.

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