Deckers Outdoor Posts Loss In Transition Period; Announces Improved Outlook

(RTTNews) - Deckers Outdoor Corporation (DECK) reported a net loss of $2.68 million for the three month transition period, compared to profit of $1.01 million, previous year. The company recently changed its fiscal year from December 31 to March 31, and, as a result, the three month period ended March 31, 2014 is referred to as the transition period. Loss per share was $0.08 compared to an earnings per share of $0.03.

On average, four analysts polled by Thomson Reuters expected the company to report a loss per share of $0.15 for the quarter. Analysts' estimates typically exclude special items.

Net sales increased 11.7% to $294.7 million compared to $263.8 million, last year. Analysts expected revenue of $281.77 million for the quarter.

The company expects fiscal 2015 revenues to increase approximately 13.0% over the twelve month period ended March 31, 2014. The company expects fiscal 2015 earnings per share to increase approximately 13.5% over the twelve month period ended March 31, 2014.

The company currently expects first-quarter 2015 revenues to increase approximately 12.0% over the three month period ended June 30, 2013 calendar year levels, and expects to report a first quarter loss per share of approximately $1.33.