- Deckers Outdoor (NASDAQ:DECK) trades lower despite topping earnings estimates. The footwear apparel distributor didn't match some of the strong sales numbers pushed out in other parts of the shoe sector.
- Teva brand sales +6.8% to $41.9M
- Ugg brand sales -7.2% to $114.5M.
- U.S. sales +1.7% to $134.5M.
- Global sales +0.1% to $79.3M.
- The company's SG&A expense rate jumped 540 bps to 70.3%.
- Gross margin rate -50 bp to 40.5.
- Guidance: Deckers expects FY16 revenue of $2.01B vs. $1.96B consensus and FY16 EPS of $5.68.
- Previously: Deckers Outdoor beats by $0.06, beats on revenue
- DECK -1.0% after hours. Shares were up 3.3% during the session leading into the earnings report.
Soft Ugg demand impacts Deckers Outdoor
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| Symbol | Last Price | % Chg |
|---|---|---|
| DECK | - | - |
| Deckers Outdoor Corporation | ||