Home / Knowledge / News / Apparel/Garments / Decker Brands sales climb 19.5% in Q1FY19

Decker Brands sales climb 19.5% in Q1FY19

Jul '18
Courtesy: Deckers
Courtesy: Deckers
The net sales of Deckers Brands in the first quarter of fiscal 2019 has increased 19.5 per cent to $250.6 million compared to $209.7 million for the same period last year. On a constant currency basis, net sales increased 17.6 per cent. For the reported period, the gross margin was 45.9 per cent compared to 43.2 per cent for the same period last year.

The company's SG&A expenses were $154.4 million for the first quarter compared to $146.9 million for the same period last year. Non-GAAP SG&A expenses were $153.9 million this year compared to $144.9 million last year.

During the first quarter, the company repurchased approximately 86,000 shares of its common stock for a total of $10 million.  As of June 30, 2018, the Company had $241 million remaining under its $400 million in stock repurchase authorsations

"Fiscal 2019 is off to a solid start, with our first quarter revenue achieving a record high of $251 million, and continuing the momentum we have built," said Dave Powers, president and chief executive officer. "The UGG Spring Summer and HOKA ONE ONE product offerings drove significant year-over-year sales growth, while Teva also produced solid gains. This quarter's results are a testament that we are successfully progressing towards our long-term objectives and that our brands are well positioned in the marketplace."

In the second quarter, the net sales are expected to be in the range of $485.0 million to $495.0 million and Non-Gaap diluted earnings per share are expected to be in the range of $1.60 to $1.70.

For fiscal 2019, the net sales are likely to be in the range of $1.930 billion to $1.955 billion, with gross margin slightly better than 49 per cent, SG&A expenses as a percentage of sales are projected to be slightly better than 36.5 per cent and operating margin in the range of 12.6 per cent to 12.8 per cent. (RR)

Fibre2Fashion News Desk – India

Must ReadView All

Courtesy: Global Fashion Agenda

Apparel/Garments | On 23rd Jan 2019

Global Fashion Agenda releases CEO Agenda 2019

Highlighting the urgency of combating climate change, non-profit...

USTR aims for more balanced trade in US-EU trade talks

Textiles | On 23rd Jan 2019

USTR aims for more balanced trade in US-EU trade talks

In negotiations for a trade agreement with the European Union (EU),...

Courtesy: Ayotunde Oguntoyinbo/SMART

Textiles | On 23rd Jan 2019

EU lacks sufficiently stringent regulations: SMART

Despite the European Union (EU) having a wide range of...

Interviews View All

Yash Agarwal, Hitansh Online

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Rahul Bhadani, Looksgud

Rahul Bhadani

Navigating through catalogues is a bit hasslesome

Poojaa Kumar Deepak, Zeven

Poojaa Kumar Deepak

Zeven's performance sports apparel is designed for the Indian body type,...

C Dhandayuthapani,

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Ramez Basmaji,

Ramez Basmaji

Fabusse is a Lebanon-based fashion agency that offers a variety of...

Urmil Arya,

Urmil Arya

Sushila International, a well established textile organisation established ...

Pierre Wiertz, EDANA

Pierre Wiertz

EDANA, the international association serving the nonwovens and related...

Larry L Kinn, Suominen Corporation

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Melissa Tate, University of New South Wales

Melissa Tate
University of New South Wales

<div><div><div><div><b>Melissa Tate</b>, a well-known scientist currently...

Hemant & Nandita, Hemant & Nandita

Hemant & Nandita
Hemant & Nandita

The designer duo of Hemant &amp; Nandita are known for being inspired by...

Nisha Chanda, Whistling Woods International School of Fashion

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Sandeep and Sarah Shaikh Gonsalves, SS Homme

Sandeep and Sarah Shaikh Gonsalves
SS Homme

SS Homme celebrates the craft of traditional tailoring through the bespoke ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

January 2019

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

news category

Related Categories:

Advanced Search