Deckers Outdoor Corp. said its normalized net income for the fiscal first quarter ended June 30 was a loss of 92 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of $1.29 per share.
The per-share loss increased 17.7% year over year from 78 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $31.7 million, compared with a loss of $26.8 million in the year-earlier period.
The normalized profit margin climbed to negative 15.0% from negative 15.8% in the year-earlier period.
Total revenue climbed 24.3% year over year to $211.5 million from $170.1 million, and total operating expenses increased 23.1% from the prior-year period to $261.9 million from $212.7 million.
Reported net income totaled a loss of $37.0 million, or a loss of $1.07 per share, compared to a loss of $29.3 million, or a loss of 85 cents per share, in the year-earlier period.
