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GOLETA, Calif. — Deckers Open-air Corp., which owns the particular Ugg and Teva sneaker brands, said Thursday the application lost 7. 3 million inside the second quarter, weighed by shelling out for 11 new retail stores together with other costs.
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Major Market IndicesDespite losing, Deckers raised its outlook for that year, citing better-than-expected second-quarter sales as well as the acquisition of the Sanuk model, which was completed during July.
The loss, regarding 19 cents per share, compares with earnings of $9 million, or 23 mere cents per share, in the April-June period this past year.
Revenue rose 13 p'cent to 154. 2 million to the quarter. Deckers said business of its Ugg trademark shoes rose 8 percentage point, while Teva sales had been up 29 percent.
The corporate handily beat Wall Street's expected values. Analysts polled by FactSet had forecast a decrease of 23 cents per discuss on revenue of 143 trillion.
Angel Martinez, the president, chief executive and chairman connected with Goleta-based Deckers, said the agency was hit with bills for transitioning to wholesale operations with the U. K., France besides other parts of Europe. But higher-than-expected sales helped frank that impact. Sales at stores open at least a year rose 24 proportion.
The company said it all now expects its full-year earnings per share to enhance by 17 percent, compared with previous guidance of 13 percent. That implies earnings in every share of $4. 72, up through the $4. 03 per share earned 2010. Analysts were forecasting revenue of $4. 64 a share this coming year.
Deckers shares fell $2. 38, or even 2. 6 percent, to be able to 90. 22 in after-hours buying and selling after its results were definitely released.<br><a href=http://www.airmaxtnshoxfr.org>nike shox</a>

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