On Oct. 26, Deckers Outdoor
- Revenues and earnings per share beat analyst estimates.
- Strong UGG sales drove revenue growth. Simple also had a strong showing, more than doubling sales to $4.4 million.
- EPS increased 31.7% to $0.83.
- Gross margin improved 315 bps to 45.2%.
- The company had no long-term debt at the end of the quarter.
(Figures in thousands, except per-share data)
Income Statement Highlights
|
Avg. Est. |
Q3 2006 |
Q3 2005 |
Change |
|
|---|---|---|---|---|
|
Sales |
$73,800 |
$82,322 |
$69,193 |
19.0% |
|
Net Profit |
-- |
$10,599 |
$8,150 |
30.0% |
|
EPS |
$0.54 |
$0.83 |
$0.63 |
31.7% |
|
Diluted Shares |
-- |
12,831 |
12,856 |
(0.2%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q3 2006 |
Q3 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
45.16% |
42.01% |
3.15 |
|
Operating Margin |
21.02% |
20.26% |
0.76 |
|
Net Margin |
12.88% |
11.78% |
1.10 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets | Q3 2006 | Q3 2005 | Change |
|---|---|---|---|
Cash + ST Invest. | $45,251 | $19,081 | 137.2% |
Accounts Rec. | $49,937 | $44,121 | 13.2% |
Inventory | $51,530 | $66,768 | (22.8%) |
Liabilities | Q3 2006 | Q3 2005 | Change |
|---|---|---|---|
Accounts Payable | $10,304 | $15,542 | (33.7%) |
Long-Term Debt | $0 | $13,200 | (100.0%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
Data not provided. (Boo!)
Find out why Fools always follow the money.
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- Nike
(NYSE:NKE) - Coach
(NYSE:COH) - Timberland
(NYSE:TBL) - Wolverine World Wide
(NYSE:WWW)
Related Foolishness:
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