This was the case Friday following Deckers Outdoor's UGGs on Sale (NAS: DECK) fourth-quarter benefits and fiscal 2012 forecast, which can be described only as UGG-ly!
The maker on the well known UGG boots posted a 40% rise in both sales and earnings. Its dominant UGG brand UGGs Boots on sale grew sales by 38%, even though its Teva brand noticed revenue rise by 46%. Worldwide sales supplied the largest enhance, rising by 82%. These final results really squeaked by Wall Street's expectations. It was the company's 2012 guidance that ripped the soles ideal out from investors' feet.
Within the upcoming year, Deckers anticipates that a combination of rising sheepskin charges and increased fees linked to opening new stores will impact its bottom line. In the initial quarter, Deckers anticipates EPS of $0.25 and full-year EPS of $5.07. The two fall well quick with the $0.63 and $5.82, respectively, that analysts had anticipated.
Regardless of the 13% haircut final week, there are actually even now 3 UGGs on sale Canada visible good reasons I see to avoid the stock.
