Home / Knowledge / News / Apparel/Garments / Apparel marketer Deckers posts 6.6% hike in Q3FY15 sales
Apparel marketer Deckers posts 6.6% hike in Q3FY15 sales
06
Feb '15
Deckers Brands, a marketer of apparel and accessories reported 6.6 per cent year on year hike in sales for the third fiscal quarter ended December 31, 2014.

Deckers said net sales increased 6.6 per cent to a record $784.7 million in the third fiscal of 2014 compared to $736.0 million for the same period last year.

Direct-to-Consumer comparable sales, which include worldwide comparable retail store sales and worldwide comparable ecommerce sales rose 7.6 per cent over the same quarter of previous year.

Retail revenue surged 8.3 per cent from a year ago quarter to $192.7 million, while ecommerce sales mounted 25.2 per cent year on year to $146.9 million.

Domestic revenue rose slower by 3.1 per cent from same quarter of 2013 to $526.3 million and global sales expanded by 14.6 per cent to $258.4 million.

UGG brand sales ascended 6.5 per cent to $736.0 million, however, Teva brand sales fell 12.1 per cent to $13.6 million.

Sanuk brand revenues too declined 7.9 per cent to $20.5 million, while Other Brands sales too zoomed 96.5 per cent to $14.6 million.

Gross margin increased 180 basis points to 52.9 per cent as against 51.1 per cent in the prior year quarter.

SG&A expenses in the reporting quarter as a percent of net sales stood at 25.6 per cent up from 23.7 per cent in the corresponding quarter of 2013.

Diluted earnings per share also increased 11.4 per cent to $4.50 in the quarter under review compared to $4.04 the third fiscal quarter of last year.

"Our third quarter performance represents an important inflection point in the evolution of the UGG brand product line," CEO Angel Martinez said.

Martinez added, “Our results indicate that our strategic initiatives aimed at diversifying the business are working and consumers are adopting our new footwear collections faster than we anticipated.”

“We are making investments to increase our demand planning accuracy, as well as continuing to improve our product lines to ensure that we have a balanced business across our global network,” he observed.

During the third quarter of 2014, the company repurchased approximately 157,000 shares of its common stock, at an average price of $84.69, for a total of $13.3 million.

As of December 31, 2014, the Company had $66.0 million authorized repurchase funds remaining under its $200.0 million stock repurchase program announced in July 2012.

As on December 31, 2014, cash and cash equivalents were $369.4 million compared to $237.1 million at December 31, 2013.

The Company had $5.4 million in outstanding borrowings under its credit facility at December 31, 2014 as against $9.7 million at December 31, 2013. (AR)

Fibre2fashion News Desk - India


Must ReadView All

Sri Lanka’s apparel exports rise after EU GSP+ reinstatement

Apparel/Garments | On 18th Nov 2017

Sri Lanka’s apparel exports rise after EU GSP+ reinstatement

Sri Lanka’s apparel exports from January to September 2017 has...

Bangladesh plans 2 leather estates in Rajshahi, Chittagong

Apparel/Garments | On 18th Nov 2017

Bangladesh plans 2 leather estates in Rajshahi, Chittagong

Bangladesh Prime Minister Sheikh Hasina has said two more leather...

ASEAN, Hong Kong sign free trade agreement

Textiles | On 18th Nov 2017

ASEAN, Hong Kong sign free trade agreement

The Association of Southeast Asian Nations (ASEAN) and Hong Kong...

Interviews View All

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Headhonchos
Indian fashion industry

Cotton consumption will keep growing in the Indian fashion industry

Cindy McNaull
Cordura

We have broad range of options in durable fabrics

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

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

November 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
68.5%
No
12.4%
Skip
19.1%

Total Votes: 89

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.8%
No
30.3%
Skip
7.9%

Total Votes: 89

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
86.5%
No
10.1%
Skip
3.4%

Total Votes: 89

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
80.9%
No
9.0%
Skip
10.1%

Total Votes: 89


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search