Home / Knowledge / News / Apparel/Garments / Deckers experiences better than expected sales in Q2
Deckers experiences better than expected sales in Q2
31
Jul '12
Deckers Outdoor Corporation announced financial results for the second quarter ended June 30, 2012.

Second Quarter Review

  • Net sales increased 13.1% to $174.4 million compared to $154.2 million for the same period last year.
  • Gross margin was 42.2% compared to 42.7% for the same period last year.
  • Diluted loss per share was $(0.53) compared to $(0.19) for the same period last year.
  • UGG brand sales decreased 0.3% to $107.9 million compared to $108.3 million for the same period last year.
  • Teva brand sales decreased 15.4% to $34.1 million compared to $40.3 million for the same period last year.
  • Sanuk brand sales (acquired on July 1, 2011) were $28.0 million for the second quarter of 2012.
  • Domestic sales increased 37.1% to $113.5 million compared to $82.8 million for the same period last year.
  • International sales decreased 14.7% to $61.0 million compared to $71.5 million for the same period last year.
  • Retail sales increased 25.0% to $25.2 million compared to $20.1 million for the same period last year; same store sales increased 6.8% for the thirteen weeks ending July 1, 2012 compared to the thirteen weeks ending July 3, 2011.
  • eCommerce sales increased 40.1% to $8.0 million compared to $5.7 million for the same period last year.

“We experienced better than expected sales trends in several areas of our business during the second quarter,” stated Angel Martinez, President, Chief Executive Officer and Chair of the Board of Directors. “Sell-through of the UGG brand in our direct to consumer channel was higher than planned; highlighted by a 43.9% increase in eCommerce sales year over year and a 6.8% same store sales increase.

“Along with record domestic wholesale sales for the UGG and Teva brands and the addition of the Sanuk brand, we were able to more than offset declines in our European wholesale and distributor divisions and drive overall second quarter sales above our initial projections.”

“With more than half the year behind us, I am pleased with how our organization has navigated through this difficult operating environment,” continued Martinez. “We remain confident about the strength of our brands and their respective long-term growth prospects.

“This sentiment was underscored by the Board of Directors’ recent decision to authorize a new $200 million stock repurchase program, which comes on top of the $100 million stock repurchase program announced in February 2012 and completed during the second quarter of 2012.”

Click here to read more details:

Deckers Outdoor Corporation

Must ReadView All

Textiles | On 29th Mar 2017

'Increase in demand for organic designer linen'

There has been an increase in the demand for organic designer linen....

Apparel/Garments | On 29th Mar 2017

Jo-Ann launches 'Buy Online, Pick Up in Store' service

Jo-Ann Fabric and Craft Stores, a specialty retailer of crafts and...

Courtesy: Pratibha Syntex

Textiles | On 29th Mar 2017

Pratibha Syntex wins C&A's Best Global Supplier Award

Pratibha Syntex, a leading manufacturer and exporter of knitted...

Interviews View All

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search