Boston, MA 04/28/2014 (wallstreetpr) – Deckers Outdoor Corp (NASDAQ:DECK) has reported the results of their business endeavors in the past year and has successfully exceeded everyone’s expectations. The initial estimations of analysts were squashed when the company posted lesser losses than anticipated or predicted. The revenues have increased by six percent giving a subsequent increase in the stock price.
The celebration:
Angel Martinez, the CEO of Decker’s Outdoor Corporation, said the strength of their business early in the new financial year underscored the power of their brand portfolio but were extremely successful in the execution of their consumer centric growth strategy. There were evident pride and jubilance in the office as the employees and the management staff celebrated the excellent start of the new financial year.
Staying true to their previous business strategy, Deckers Outdoor Corp (NASDAQ:DECK) has highlighted the Direct-to -Consumer channel which had provided them with favorable results in 2013. Their main profits rose from their branches in Australia which accounted for almost sixteen percent of their revenues.
The statement:
Linda Pazin, the Vice President of Investor Relations & Communications of Deckers Outdoor Corporation, made a statement in a conference call regarding the company’s projected financial performance, including its expected revenues, expenses, operating margin, gross margin, effective tax rate, capital expenditures, and earnings per share. The statement also included company’s brand strategies, cost structure, store expansions as well as the forecast for the company’s markets along with the call for its services.
The conference was attended by both Angel Martinez and Linda Pazin. It was conducted mainly to discuss the recent financial results of the business whilst following to their full ability, the Safe Harbor policy.
All in all, Deckers Outdoor Corp (NASDAQ:DECK) has surprised the current market and seems to be working towards securing their strategies to maintain their successful stride. With the increase in revenues and the growing of their stock price clearly show that this shoe making company is doing something right!
