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Article Date: May 2017
Word Count: 452

Deckers Surprises with Improvements in Q4


Net loss was halved to $11,994,000 from a loss of $22,883,000 in the final fiscal quarter ended Mar. 31 on improved margins and less discounting, on sales that declined 2% to $369,465,000 from $378,635,000. Excluding the net effect of $35.9 million in restructuring charges in SG&A, DECK made a $3.4 million profit in the quarter. In combination with a better than expected outlook, the results sent DECK shares up 12% in after hours trading. Gross margin expanded 210 basis points to 43.0% on fewer promotions in spite of some foreign exchange headwinds.

 

Deckers sees its $150 million cost savings plan announced ... Log in to view full article.

 


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