NEW YORK, NY / ACCESSWIRE / May 30, 2017 / Both Deckers Outdoor Corporation and Costco Wholesale Corporation saw shares climb higher on Friday after releasing earnings. Deckers soared as much as 20.66% after investors found encouragement in the company's optimistic guidance for fiscal 2018. Costco went on a fulfillment center spree, adding 12 more centers in only 12 months.

RDI Initiates Coverage on:

Deckers Outdoor Corporation
https://ub.rdinvesting.com/news/?ticker=DECK

Costco Wholesale Corporation
https://ub.rdinvesting.com/news/?ticker=COST

Deckers Outdoor Corporation was one of the biggest gainers on the NYSE this past Friday and closed up 18.91% on sky high volume after the company's Q4 fiscal earnings beat the Street. The company reported adjusted net income of $3.44 million, or $0.11 per share which was way ahead of the consensus estimate that called for an adjusted loss of $0.06 per share. Traders were even more excited to find out that the company has raised its guidance going forward. The maker of Uggs, which makes up about 80 percent of Deckers annual revenue, reported an optimistic full-year guidance for fiscal 2018. The company expects sales to be flat to down 2% and for adjusted earnings to come in at $3.95 to $4.15 per share. These numbers would mean a growth of 3-9% compared to fiscal 2017's final numbers and traders were eating this up. Plus CEO Dave Powers also commented, "Over the course of the last year, the organization has been hard at work identifying margin enhancing initiatives and detailing plans that significantly improve the profitability of the company. We now anticipate that the $150 million cumulative savings plan announced in February 2017 will drive a $100 million operating profit improvement by fiscal year 2020." Shares were up as much as 20.66% on Friday during intra-day trading.

Access RDI's Deckers Research Report at:
https://ub.rdinvesting.com/news/?ticker=DECK

Costco Wholesale Corporation shares closed up 1.79% this past Friday after posting an impressive positive surprise in its third quarter earnings report. The bulk goods retail chain posted $1.40 per share in adjusted quarterly earnings which was well past the $1.31 that the Zacks Consensus had expected. It was also a growth of 12.9% from the previous period a year ago. Revenue at $28,860 million was also higher than the $28,654 million that Zacks had waited for and was a 7.8% growth year over year. It was also revealed that the company has added 12 fulfillment centers for online orders in the past year. CFO Richard Galnati said the company is now "spending less on freight." Costco has climbed from only seven e-commerce fulfillment centers to 19 now in just a year.

Access RDI's Costco Research Report at:
https://ub.rdinvesting.com/news/?ticker=COST

Our Actionable Research on Deckers Outdoor Corporation (NYSE: DECK) Costco Wholesale Corporation (NASDAQ: COST) can be downloaded free of charge at Research Driven Investing.

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