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Smashing quarter from Deckers

Published 02/01/2018, 04:34 PM
© Reuters.  Smashing quarter from Deckers
NKE
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DECK
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  • Deckers Brands (NASDAQ:DECK) obliterates consensus estimates with its FQ3 report.
  • Sales were up 6.3% on a constant currency basis. UGG brand sales rose only 4.3% despite the cold winter and Teva sales were up 33%.
  • Gross margin improved 170 bps to 52.2% of sales.
  • The company says it intends to repatriate $250M by the end of the fiscal year.
  • DECK +7.61% AH to $93.90.
  • Previously: Deckers Outdoor beats by $1.15, beats on revenue (Feb. 1)
  • Now read: Nike (NYSE:NKE) - This Is A Good Sign


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