Deckers Brands is a global leader in designing, marketing and distributing innovative footwear, apparel and accessories developed for both everyday casual lifestyle use and high performance activities. The Company’s portfolio of brands includes UGG®, Koolaburra®, HOKA ONE ONE®, Teva® and Sanuk®.
Deckers Outdoor Corp. (NYSE: DECK) reported earnings results for the fourth quarter. The company reported earnings per share of $0.11, which was a $0.17 increase from analyst estimates of (-$0.06). Reported revenue was $369.5 million, beating the average estimate of $357.59.
Dave Powers, President and CEO, said, "Over the course of the last year, the organization has been hard at work identifying margin enhancing initiatives and detailing plans that significantly improve the profitability of the company. We now anticipate that the $150 million cumulative savings plan announced in February 2017 will drive a $100 million operating profit improvement by fiscal year 2020. I am proud of the work the team has accomplished, and I believe we have laid a solid foundation to execute on our savings plan. I am confident that these improvements will drive a significant increase in shareholder value over the long-term."