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Deckers Outdoor fiscal Q4 loss widens 44.8% YOY

Deckers Outdoor Corp. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to a loss of 2 cents per share, compared with the S&P Capital IQ consensus estimate of 1 cents per share.

The per-share loss increased 46.6% year over year from 1 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $665,000, compared with a loss of $459,380 in the prior-year period.

The normalized profit margin dropped to negative 0.2% from negative 0.2% in the year-earlier period.

Total revenue rose 15.6% on an annual basis to $340.6 million from $294.7 million, and total operating expenses rose 16.4% from the prior-year period to $343.1 million from $294.8 million.

Reported net income totaled $1.6 million, or 4 cents per share, compared to a loss of $2.7 million, or a loss of 8 cents per share, in the prior-year period.

For the year, the company's normalized net income totaled $3.91 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of $4.60.

EPS rose 7.0% from $3.66 in the prior year.

Normalized net income was $136.0 million, a rise of 7.1% from $127.0 million in the prior year.

Full-year total revenue rose 14.5% year over year to $1.82 billion from $1.59 billion, and total operating expenses increased 15.6% on an annual basis to $1.60 billion from $1.38 billion.

The company said reported net income rose 14.0% year over year to $161.9 million, or $4.66 per share, in the full year, from $142.0 million, or $4.09 per share.