This was the case Friday following Deckers Outdoor's (NAS: DECK) fourth-quarter outcomes UGGs Bailey Button and fiscal 2012 forecast, which can be described only as UGG-ly!
The maker of your common UGG boots posted a 40% rise in each revenue and earnings. Its dominant UGG brand grew sales by 38%, though its Teva brand noticed revenue rise by 46%. Worldwide sales provided the UGGs Bailey Button Sale biggest boost, increasing by 82%. These benefits actually squeaked by Wall Street's expectations. It was the company's 2012 guidance that ripped the soles suitable out from investors' feet.
In the upcoming year, Deckers anticipates that a blend of rising sheepskin charges and higher fees related to opening new shops will impact its bottom line. In the initially quarter, Deckers anticipates EPS of $0.25 and full-year EPS of $5.07. Each fall nicely quick in the $0.63 and $5.82, respectively, that analysts had expected.
Regardless of the 13% haircut final week, you will find even now three visible good UGG Bailey Button Black reasons I see to prevent the stock.
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