Home / Knowledge / News / Apparel/Garments / Q1FY17 net sales dip 18.4% at Decker Brands
Q1FY17 net sales dip 18.4% at Decker Brands
01
Aug '16
Courtesy: Decker Brands
Courtesy: Decker Brands
Net sales at apparel and footwear marketer Deckers Brands dipped 18.4 per cent from a fiscal ago period to $174.4 million for the first fiscal quarter ended June 30, 2016.

“The year over year decrease was due to the timing of order shipments between quarters, a decrease in direct-to-consumer (DTC) comparable sales, and fewer close-out sales,” the company explained.

Gross margin for the first quarter of fiscal 2016-17 was higher at 43.7 per cent compared to 40.5 per cent in the earlier fiscal's same period.

SG&A expenses as a percentage of sales also climbed higher to 88.6 per cent in the quarter under review as against 70.3 per cent in the first quarter of fiscal 2015-16.

Operating loss for the reporting quarter was $78.3 million vis-à-vis $63.7 million in the prior fiscal's comparable quarter, while non-GAAP operating loss was $76.6 million.

Diluted loss per share also advanced to $1.84 versus $1.43 loss per diluted share, with non-GAAP diluted loss per share reaching $1.80. (AR)

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 27th Mar 2017

Himatsingka to disinvest 100% stake in Italian subsidiary

The board of directors at Indian home textiles manufacturer and...

Courtesy: Flipkart

Apparel/Garments | On 27th Mar 2017

Flipkart bags $1bn funding at lower valuation

In a new round of funding, Flipkart, one of India's biggest ecommerce ...

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Interviews View All

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Madhu Jain
Madhu Jain

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

Judy Frater
Somaiya Kala Vidya

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

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