Deckers Outdoor Corporation, the owner of the Teva brand, slightly...

Deckers Outdoor Corporation, the owner of the Teva brand, slightly adjusted its full-year outlook upward as it reported results for the first quarter. The company is now forecasting group revenues for the full fiscal year to grow by 7-9 percent, compared with prior guidance of 6-9 percent. The company expects sales to grow by 10 percent in the second quarter, though typically that is Deckers’ slowest period. In the first quarter, the group’s net income grew by 9 percent to $12.3 million as revenues jumped by 38 percent $134.2 million. Teva fell by 6 percent to $35.6 million. The Teva business was negatively impacted by three regional bankruptcies in the U.S. although the management saw some encouraging sell-through signs in early April.