Deckers Outdoor Corporation Issues Q2 2012 Guidance Below Analysts' Estimates; Lowers FY 2012 Guidance

Deckers Outdoor Corporation announced that for second quarter of 2012, it expects revenue to increase approximately 8% over fiscal 2011. The Company expects second quarter 2012 diluted loss per share of approximately $(0.60) compared to the diluted loss per share of $(0.19) reported in the second quarter of 2011. For fiscal 2012, it expects sales to increase approximately 14% over fiscal 2011, compared to previous guidance of approximately 15%.The Company now expects fiscal 2012 diluted earnings per share (EPS) to decrease approximately 9% to 10% from fiscal 2011, compared to previous guidance for diluted earnings per share to be approximately flat year over year. The Company reported revenue of $154.22 million in second quarter of 2011 and revenues of $1.377 billion and EPS of $5.07 in fiscal 2011. According to I/B/E/S estimates analysts are expecting the Company to report revenue of $186 million and EPS of $(0.39) for second quarter of 2012; revenue of $1.59 billion and EPS of $5.16 for fiscal 2012.