This was the situation Friday following Deckers Outdoor's UGGs on Sale (NAS: DECK) fourth-quarter results and fiscal 2012 forecast, which could be described only as UGG-ly!
The maker on the preferred UGG boots posted a 40% rise in the two revenue and income. Its dominant UGG brand grew UGGs Boots on sale revenue by 38%, even though its Teva brand saw product sales rise by 46%. International product sales supplied the largest increase, rising by 82%. These results essentially squeaked by Wall Street's expectations. It was the company's 2012 guidance that ripped the soles correct out from investors' feet.
During the upcoming year, Deckers anticipates that a blend of growing sheepskin prices and larger fees related to opening new outlets will have an effect on its bottom line. Inside the first quarter, Deckers anticipates EPS of $0.25 and full-year EPS of $5.07. Each fall properly brief from the $0.63 and $5.82, respectively, that analysts had anticipated.
In spite of the 13% haircut final week, you'll find nonetheless three UGGs on sale Canada visible causes I see to prevent the stock.
