DECK not bad for a modest increase in REVS... signs of a well run company!?
* Net sales increased 3.4% to $41.7 million versus $40.3 million last year; ahead of our previous guidance range of $38 million to $40 million. * Gross margin increased 600 basis points to 45.6% compared to 39.6% a year ago. * Diluted EPS was the same as last year at $0.21; ahead of our previous guidance range of $0.03 to $0.05. * Cash and short-term investments improved to $64.9 million compared to $11.1 million a year ago. * Inventories decreased to $45.2 million versus $66.7 million last year.