UGG'S Parent Company'S Strong Performance In The Three Quarter Surged Over 10%.

Deckers Outdoor Corp. (NYSE:DECK) jumped more than 10% on Friday after the expected three quarter results were released on Thursday.

As of the three quarter of December 31st, the California Footwear Group recorded a net profit of US $196 million 400 thousand, up 127.4% from the 86 million 341 thousand US dollar in the 2018 fiscal year, and the earnings per share increased from 2.69 US dollars to US $6.68.

California's adj EPS is expected to rise sharply to $7.85-7.95 in the current fiscal year after a three quarter performance boost, which was expected to be 6.65-6.85 dollars.

The increase is the company's two consecutive quarterly surge in annual expectations.

In the statement, Group CEO Dave Powers commended the core brand UGG for providing convincing products to consumers, while HOKA ONE ONE and Koolaburra two brands also provided impetus for growth.

He also said that the company's board of directors will repurchase $261 million shares, plus the remaining $89 million of the buyback plan, and will buy back $350 million in total.

The expected profit performance and the stimulus of the buyback plan stimulated Deckers Outdoor Corp. (NYSE:DECK) shares to jump 12.88% dollars to 145 dollars on Friday, the highest gain of 14.36% in the intraday price of 146.90 dollars, a 52 week and a record high.

As the most prosperous season of the year, the three quarter single quarter Deckers Outdoor Corp. recorded a revenue of US $873 million 800 thousand, an increase of 7.8% over the same period of 810 million 500 thousand US dollars in 2018. The single quarter income accounted for 53.7% of the 1 billion 626 million 300 thousand quarters of the first three quarters, which was higher than the market expected US $826 million 900 thousand.

UGG's revenue increased by 3.6% to 761 million dollars during the brand period. HOKA ONE ONE continued to perform very well. Single quarter revenue surged 79.2% to 56 million 900 thousand dollars, Teva revenue increased 17.5% to 22 million 900 thousand US dollars, while Sanuk sales fell 7% to 12 million 900 thousand dollars.

Wholesale business rose by 12.5% to 482 million 200 thousand dollars during the reporting period, while DTC sales rose 2.6% to $391 million 600 thousand, including 1.4% growth in same store sales.

Strong quarterly results were mainly driven by an increase of 14.2% in the local market, while sales in the international market recorded a 2.6% decline. The quarterly revenues in North America and the international market were 501 million 700 thousand and 308 million 800 thousand respectively.

UGG brand new endorsement Angela Baby Angelababy has not brought a boost to the brand Chinese market. On the contrary, consumer confidence in macroeconomic change has weakened and China, especially the continued warm weather in South market, has brought some challenges to the brand in the three quarter of the Chinese market.

Group CEO Dave Powers also said that the supply chain was actively shifting from the Chinese market, and only 1/4 of the products are made in the Chinese market. It is expected that the current tariff policy will not affect the company's business.

In the three quarter, the gross profit margin of the group rose sharply to 53.8%, an improvement of 160 basis points compared with the same period last year. The gross profit margin is expected to exceed 50.5% in the whole year.

For the current fourth quarter, the California company expects adjusted EPS to be 0-0.10 dollars, with revenue expected to be 3.600-3.740 billion, lower than the market expected $388 million 800 thousand.

Annual revenue is expected to reach US $2 billion, and operating profit margin is expected to be 14.5-14.7%. 19.86-

Deckers Outdoor Corp. (NYSE:DECK) shares closed at $14 billion 188 million on Friday, surging 10.46%, up 10.89% so far this year, and surged 49.50% in the past 12 months to become one of the best performing retail stocks.