Deckers Outdoor (DECK) reported earnings on Thur 26 Oct 2017 (a/h)

** charts after earnings **

  

** monthly **

Deckers Outdoor beats by $0.52, beats on revs; guides Q3 EPS below consensus, revs below consensus; guides FY18 EPS above consensus and FY 18 revs of +1-2% vs previous guidance of up lsd(70.16 +1.48)

• Reports Q2 (Sep) earnings of $1.54 per share, $0.52 better thanthe Capital IQ Consensus of $1.02; revenues fell 0.7% year/year to $482.5 mln vs the $440.11 mln Capital IQ Consensus.
• Co issues downside guidance for Q3, sees EPS of 3.65-3.75 vs. $4.10 Capital IQ Consensus Estimate; sees Q3 revs of $735-745 mln vs. $753.55 mln Capital IQ Consensus Estimate.
• Co issues upside guidance for FY18, sees EPS of 4.15-4.30 vs. $4.09 Capital IQ Consensus Estimate.
• Gross margin was 46.7% compared to 44.5% for the same period last year.
• UGG brand net sales for the second quarter declined 2.9% to $400.4 million
• Wholesale net sales for the second quarter declined 2.2% to $391.2 million

FY 18 Outlook

• Net sales are expected to be in the range of up approximately 1% to up 2% versus last year. 
• Gross margin is expected to be approximately 47.5%. 
• SG&A expenses as a percentage of sales are projected to be approximately 37%.