This was the situation Friday following Deckers Outdoor's UGGs on Sale (NAS: DECK) fourth-quarter benefits and fiscal 2012 forecast, which may be described only as UGG-ly!
The maker on the well known UGG boots posted a 40% rise in both sales and revenue. Its dominant UGG brand grew UGGs Boots on sale product sales by 38%, though its Teva brand noticed revenue rise by 46%. Worldwide product sales offered the biggest improve, rising by 82%. These outcomes in fact squeaked by Wall Street's expectations. It was the company's 2012 guidance that ripped the soles proper out from investors' feet.
In the upcoming year, Deckers anticipates that a blend of increasing sheepskin costs and increased costs connected with opening new merchants will have an effect on its bottom line. In the first quarter, Deckers anticipates EPS of $0.25 and full-year EPS of $5.07. Both fall properly brief on the $0.63 and $5.82, respectively, that analysts had expected.
Despite the 13% haircut final week, there are still three visible UGGs on sale Canada reasons I see to prevent the stock.
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