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Article Date: February 2018
Word Count: 715

With Cold Weather, Deckers Posts A Big Q3

Net income soared 256% to $90,887,000 from $25,561,000 on a 7% sales improvement to $810,478,000 from $760,345,000 for the third quarter ended Dec. 31 that saw increased full-price selling in the Ugg brand relative to last year and continued momentum in the Hoka brand. The results easily exceeded guidance for sales of $735-745 million and adjusted net income that excluded one-time tax and restructuring charges was $4.97 per share, well over the $3.65-3.75 per share guidance. DECK stock, which has been lively all month on the cold weather, popped back up to $87.26 but is a bit off from its ... Log in to view full article.


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