The international markets provide a significant growth opportunity, and we remain optimistic about the company's incremental sales and earnings potential. Riding on the back of robust results, Deckers raised its fiscal 2010 outlook. Management now expects total revenue to increase by 16%, and earnings per share to rise by 22%.
The company also portrays a healthy balance sheet. The blend of ample liquidity, in-demand inventory and innovative products, positions it to capitalize on future growth opportunities. Consequently, we have an Outperform recommendation on the stock.
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