Deckers Outdoor Corp Reiterates FY 2012 Guidance; Issues Q3, Q4 2012 Guidance

Deckers Outdoor Corp reiterated fiscal 2012 and expects revenues to increase approximately 14% over fiscal 2011 levels and diluted earnings per share (EPS) to decrease between 9% and 10%. Fiscal 2012 guidance includes $17 million, or $0.30 per diluted share associated with amortization and accretion expenses related to the Sanuk brand acquisition, up from previous guidance of $13 million, or $0.23 per diluted share. The Company expects third quarter 2012 revenue to increase approximately 1% and diluted EPS to decrease approximately 31% from fiscal 2011 levels. The Company expects fourth quarter 2012 revenue to increase approximately 19% and diluted EPS to increase approximately 22% over fiscal 2011 levels.