This was the case Friday following Deckers Outdoor's UGGs on Sale (NAS: DECK) fourth-quarter final results and fiscal 2012 forecast, which may be described only as UGG-ly!
The maker on the well-liked UGG boots posted a 40% rise in both product sales and profits. Its dominant UGG brand UGGs Boots on sale grew sales by 38%, while its Teva brand noticed product sales rise by 46%. Worldwide revenue offered the largest increase, growing by 82%. These final results essentially squeaked by Wall Street's expectations. It was the company's 2012 guidance that ripped the soles correct out from investors' feet.
Within the upcoming year, Deckers anticipates that a combination of rising sheepskin charges and greater expenses associated with opening new stores will impact its bottom line. In the first quarter, Deckers anticipates EPS of $0.25 and full-year EPS of $5.07. Both fall effectively quick on the $0.63 and $5.82, respectively, that analysts had anticipated.
Regardless of the 13% haircut final week, you will discover still 3 UGGs on sale Canada visible good reasons I see to avoid the stock.
