Deckers Outdoor Corporation, a global leader in designing, marketing, and distributing innovative footwear, apparel and accessories, announced financial results for the three month transition period ended March 31, 2014. Please note the Company recently changed its fiscal year from December 31 to March 31, and, as a result, throughout these results, it refers to the three month period ended March 31, 2014 as the transition period.
-Three Month Transition Period Net Sales Increased 11.7% to $294.7 Million led by the UGG Brand
-Direct-to-Consumer Comparable Sales Increased 16.9% Over the Same Period a Year Ago
-Company Reports Three Month Transition Period Diluted Loss Per Share of $(0.08)
-Company Announces Improved Financial Outlook
Three Month Transition Period 2014 Review
-Net sales increased 11.7% to $294.7 million compared to $263.8 million for the same period last year.
-Gross margin improved 210 basis points to 48.9% compared to 46.8% for the same period last year.
-Diluted loss per share was $(0.08) compared to an earnings per share of $0.03 for the same period last year.
-UGGâ brand sales increased 15.8% to $197.6 million compared to $170.6 million for the same period last year.
-Tevaâ brand sales decreased 9.2% to $46.8 million compared to $51.6 million for the same period last year.
-Sanukâ brand sales decreased 0.8% to $30.7 million compared to $30.9 million for the same period last year.
-Direct-to-Consumer comparable sales, which include worldwide retail same store sales and worldwide comparable E-Commerce sales, increased 16.9% over the same period last year.
-Retail sales increased 26.1% to $80.1 million compared to $63.6 million for the same period last year; same store sales increased 4.0% for the thirteen weeks ended March 30, 2014 compared to the thirteen weeks ended March 31, 2013.
-E-Commerce sales increased 45.0% to $38.6 million compared to $26.6 million for the same period last year.
-Domestic sales increased 8.5% to $198.3 million compared to $182.7 million for the same period last year.
-International sales increased 18.9% to $96.4 million compared to $81.1 million for the same period last year.
"The strength of our business early in the new calendar year underscores the power of our brand portfolio and the successful execution of our consumer centric growth strategy," commented Angel Martinez, President, Chief Executive Officer and Chair of the Board of Directors. "We believe that our diversified spring product offerings from the UGG, Teva, Sanuk and HOKA brands are resonating with a broader global audience.