UGG Classic Cardy Boots were hot during what was overall a pretty lackluster holiday shopping season, though that wasn't enough to keep investors from booting Deckers (Nasdaq: DECK) out of their portfolios last week back its fourth-quarter earnings results.
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Revenue increased 56.3% to $303.5 million, despite UGG sales being the bright spot, up 62% in the quarter. Teva's brand continues to struggle, however.
Fourth-quarter net income extended 14% to $40.5 million, or $3.07 per share. Deckers' earnings included a non-cash writedown of $20.9 million because of goodwill impairment applicable to its Teva moreover TSUBO brands. (Writedowns relevant to the Teva brand are nothing new, although; this was going forth latest quarter, to boot.)
It seems what really spooked investors was Deckers' forecast for the future.UGG Bailey Button Boots love you and me and the ertire human race !
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