Sat, Aug 23, 2014, 3:59 AM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Deckers Outdoor Corp. Message Board

  • bluecheese4u bluecheese4u Feb 28, 2008 6:47 PM Flag

    Deckers Outdoor Corporation Reports Record Fourth Quarter Financial Results

    Deckers Outdoor Corporation Reports Record Fourth Quarter Financial Results

    Company Reports Fourth Quarter Sales Increased 56.2% to a Record of $194.2 Million

    Fourth Quarter Diluted EPS Increased to a Record of $2.69

    Company Reports Fiscal 2007 Sales Increased 47.5% to a Record of $448.9 Million

    Fiscal 2007 Diluted EPS Increased to a Record $5.06

    Company Outlines Fiscal 2008 Revenue Growth Target of 25% and Diluted EPS Growth Target of 20%

    GOLETA, Calif.--(BUSINESS WIRE)--Deckers Outdoor Corporation (NASDAQGS: DECK) today announced financial results for the fourth quarter and fiscal year ended December 31, 2007.

    Fourth Quarter Highlights

    Net sales increased 56.2% to $194.2 million versus $124.4 million last year.
    Diluted EPS increased to $2.69 versus $0.95 on a GAAP basis. On a non-GAAP basis excluding the restatement adjustments of $0.3 million, or $0.02 per diluted share, and the impairment charge of $11.0 million, or $0.85 per diluted share, both incurred in the fourth quarter of fiscal 2006, fourth quarter 2007 diluted EPS increased 47.8% over last year.
    UGG Brand sales increased 61.8% to $177.7 million compared to $109.9 million a year ago.
    Total domestic sales increased 54.9% to $177.7 million compared to $114.7 million in the prior year.
    Total international sales increased 71.1% to $16.5 million compared to $9.7 million last year.
    Fiscal 2007 Highlights

    Net sales increased 47.5% to $448.9 million versus $304.4 million in 2006.
    Diluted EPS increased to $5.06 versus $2.38 in 2006 on a GAAP basis. On a non-GAAP basis excluding the restatement adjustments of $0.9 million, or $0.07 per diluted share, and the impairment charge of $11.0 million, or $0.85 per diluted share, both incurred in fiscal 2006, fiscal 2007 diluted EPS increased 53.3% over fiscal 2006.
    UGG Brand sales increased 64.4% to $347.6 million compared to $211.5 million in fiscal 2006.
    Total domestic sales increased 45.3% to $386.6 million versus $266.1 million a year ago.
    Total international sales increased 62.6% to $62.3 million compared to $38.3 million last year.
    Cash, cash equivalents and short-term investments increased to $168.1 million compared to $98.9 million a year ago.
    Angel Martinez, President and Chief Executive Officer, stated, “Our record fourth quarter results, which underscore the growing popularity of the UGG Brand worldwide, represent a great way to end another strong year for Deckers. During fiscal 2007 we significantly increased sales and diluted earnings per share, consistently exceeded internal and external expectations, and ended the year with more than $168 million in cash, cash equivalents and short-term investments on our balance sheet. From a strategic standpoint, we further diversified the UGG Brand and expanded its selling season year round, repositioned the Teva Brand as an outdoor, performance-oriented brand, and leveraged the Simple Brand’s position as the leader in sustainable footwear into broader market opportunities. In addition, we expanded our international presence and grew our Consumer Direct business by opening two new retail stores and enhancing our websites. Looking ahead, we believe our growth prospects have never been more compelling, and we are confident that we will continue to take the right approach toward achieving our long-term objectives and creating value for our shareholders.”

    http://www.sec.gov/Archives/edgar/data/910521/000115752308001860/a5622551ex99_1.htm

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
DECK
94.89+1.15(+1.23%)Aug 22 4:01 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Keurig Green Mountain, Inc.
NasdaqGSFri, Aug 22, 2014 4:00 PM EDT
Salesforce.com, Inc
NYSEFri, Aug 22, 2014 4:00 PM EDT