Deckers Outdoor Corporation reported unaudited consolidated earnings results for the year ended March 31, 2014. For the period, the company reported net sales of $294,716,000 against $263,760,000 a year ago. Loss from operations was $408,000 against income from operations of $2,652,000 a year ago. Loss before income taxes was $742,000 against income before income taxes of $2,510,000 a year ago. Net loss was $2,685,000 or $0.08 per basic and diluted share against net income of $1,007,000 or $0.03 per basic and diluted share a year ago.

The company provided earnings guidance for the first quarter ending June 30, 2014 and fiscal year ending March 31, 2015. For the first quarter ending, The company currently expects first quarter 2015 revenues to increase approximately 12.0% over the three month period ended June 30, 2013 calendar year levels, and expects to report a first quarter fiscal year 2015 diluted loss per share of approximately $1.33 compared to a diluted loss per share of $0.85 reported for the three month period ended June 30, 2013. Therefore, the company expects earnings to decline in the first half of calendar 2014 as compared to the first half of 2013, which are typically lowest volume sales quarters. The company expects the majority of earnings increase n fiscal year 2015 to come in the second and third quarters - the three month periods ending September 30, 2014 and December 31, 2014 with the breakdown between those two periods to be similar to last year.

For the year, the company expects revenues to increase approximately 13.0% over the twelve month period ended March 31, 2015. The company expects diluted earnings per share to increase approximately 13.5% over the twelve month period. This guidance assumes a gross profit margin of approximately 49.4% and an operating margin of approximately 13.0%. Fiscal year 2015 guidance also assumes that the company's effective tax rate will be approximately 29.0%. Capital expenditures for the new fiscal year 2015 are expected to total approximately $100 million, which includes $37 million for IT and related infrastructure improvement to support Omni-Channel transformation, as well as international expansion. $30 million in new store openings and $26 million for the new distribution center.

The company plan to open approximately 30 to 35 locations versus the 25 originally budgeted for calendar 2014, primarily due to opportunities that have become available on top markets.