Replies to post #509528 on Zeev's Turnips Patch-No Politics (ZEEV)

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Deckers Outdoor Corporation Reports Record Third Quarter Financial Results
Thursday October 26, 4:00 pm ET
- Company Reports Third Quarter Sales Increased 19.0% to a Third Quarter Record of $82.3 Million -
- Third Quarter Diluted EPS Increased 31.7% to a Third Quarter Record of $0.83 -
- Company Raises Fiscal 2006 Outlook -

GOLETA, Calif.--(BUSINESS WIRE)--Deckers Outdoor Corporation (NASDAQGS: DECK) today announced financial results for the third quarter ended September 30, 2006.

Third Quarter Highlights

* Net sales increased 19.0% to $82.3 million versus $69.2 million last year; ahead of previous guidance range of $71 million to $74 million.
* Gross margin increased 320 basis points to 45.2% compared to 42.0% a year ago.
* Diluted EPS was $0.83; ahead of previous guidance range of $0.51 to $0.54.
* Cash and short-term investments increased to $45.3 million compared to $19.1 million a year ago.
* Inventories decreased to $51.5 million versus $66.8 million a year ago.

"Our strong third quarter performance was gratifying, as UGG sales once again outpaced our expectations," commented President and Chief Executive Officer, Angel Martinez.

http://news.moneycentral.msn.com/ticker/article.asp?Symbol=US:DECK&Feed=BW&Date=20061026&....


DECK better go up when it resumes. I closed my short today for a bitty loss.