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Deckers' sales expenses are uneven over the year, as you can see. That's because it has a lot of fixed expenses that uggs outlet black friday sale are dillards uggs sales
evenly distributed throughout the year. Since Deckers' business is very seasonal and quarterly revenue fluctuates tremendously, it results in a higher percentage during the lower revenue quarters. But you have to notice the trend, and it is not good. The Q4 of 2011 and Q3 of 2012 numbers didn't show uggs on sale dillards that much increase over the prior year, but look at them compared with two years ago. The first and second quarter trends are even worse, which is why Deckers reported such a big loss in Q2 this year.
So when you combine the decline in gross margins, plus the added SG expenses, you can see cheap uggs for sale under 100
below that operating margins have fallen at a faster rate than gross margins. Deckers has seen its effective tax rate decline in recent years, so it has recovered some on the bottom line, but numbers are still well down. The following table shows Deckers' three primary margin categories over the past three years.
Deckers believes that sheepskin prices in fall 2013 will rebound, but will only recover a fraction of the gross margins that were lost this year. Add in the extra selling expenses, and this is becoming a lower margin business. Deckers investors will need to realize this, and net income over time will be pressured. Now, earnings per share won't suffer as much because of the buyback, but net income is more important as it has other impacts, such as cash flow.
Balance Sheet / Buyback replica uggs for sale uk / AcquisitionsDeckers' purple uggs boots on sale balance sheet metrics have gotten worse over the past year, as seen in the following table. Dollar values in thousands.
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