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Article Date: October 2017
Word Count: 358

Deckers Sees Q2 Gains, Concludes Strategic Review

Net income jumped 37% to $51,616,000 from $37,559,000 in its fiscal second quarter ended Sep. 30 boosted by higher margins and lower SG&A while sales slipped 1% to $482,460,000 from $485,944,000 but exceeded guidance. Meanwhile, Deckers said it concluded its internal strategic review and, in an announcement that will certainly infuriate if not surprise proxy challenger Marcato, the board has decided not to pursue a sale of the company. DECK said its consultants contacted 90 potential acquirers during the review process. Instead, it touted an expanded $400 million stock buyback program and is doubling down on its efforts to streamline ... Log in to view full article.


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