Rewind 2021 and prospects for 2022 Rewind 2021 and prospects for 2022
Home / Knowledge / News / Apparel/Garments / Decker Brands reports 46.7% gross margin for 2017
Decker Brands reports 46.7% gross margin for 2017
May '17
For the fiscal 2017, Decker Brands has reported gross margin of 46.7 per cent compared to 45.2 per cent last year. Non-GAAP gross margin was 46.7 per cent compared to 45.4 per cent last year. The year over year increase in gross margin was primarily due to lower input costs and supply chain efficiencies, partially offset by foreign exchange headwinds.

The company's SG&A expenses as a percentage of sales were 46.8 per cent compared to 36.5 per cent last year. Non-GAAP SG&A expenses as a percentage of sales were 37.4 per cent compared to 35.0 per cent last year. The difference between the GAAP and Non-GAAP results for the full year was due to company's incurring charges of $167.5 million related to restructuring, impairment and other charges of which $134.2 million were non-cash charges. However, there was 4.5 per cent decline in the net sales with $1.790 billion compared to $1.875 billion last year. On a constant currency basis, net sales decreased 4.1 per cent.

"Over the course of the last year, the organisation has been hard at work identifying margin enhancing initiatives and detailing plans that significantly improve the profitability of the company. We now anticipate that the $150 million cumulative savings plan announced in February 2017 will drive a $100 million operating profit improvement by fiscal year 2020. I am proud of the work the team has accomplished, and I believe we have laid a solid foundation to execute on our savings plan. I am confident that these improvements will drive a significant increase in shareholder value over the long-term," Dave Powers, president and CEO, said.

The company’s fiscal year 2018 outlook includes targeted savings which are expected to result in over $17 million of operating profit improvement. Its gross margin is expected to be approximately 47.5 per cent while net sales might be in the range of down 2 per cent to flat. (RR)

Fibre2Fashion News Desk – India

Must ReadView All

Pic: Shutterstock

Textiles | On 29th Jan 2022

EU refers China to WTO following trade restrictions on Lithuania

The EU recently filed a case at the World Trade Organisation against...

Pic: Shutterstock

Apparel/Garments | On 29th Jan 2022

Philippines misses Jan 1 RCEP deadline; to conduct public hearing

The Philippines missed the January 1 effectivity of the Regional...

Pic: Shutterstock

Textiles | On 29th Jan 2022

ILO, BGMEA join hands to continue safety momentum in RMG sector

The International Labour Organisation (ILO) and the Bangladesh...

Interviews View All

Footwear Industry, Footwear Retailers

Footwear Industry
Footwear Retailers

Still struggling to mop up higher sales

Textile Industry, Head honchos

Textile Industry
Head honchos

Trainers faced immense challenges as most were not tech-savvy

Textile Industry, Head honchos

Textile Industry
Head honchos

Biggest learning was adaptability

Dr. Catherine Tubb,

Dr. Catherine Tubb

Created in 2018 to investigate the risk of market failure related to...

Andrea Pelissero,

Andrea Pelissero

Located near Milan, Italy, and with 50 years of experience in the textile...

Abdullah Mohammad Saad Hossain,

Abdullah Mohammad Saad Hossain

Saad Group is a leading vertically integrated textile group in Bangladesh. ...

Johann-Philipp Dilo, Dilo Group

Johann-Philipp Dilo
Dilo Group

German company Dilo Group is one of the leading equipment suppliers of...

Jacques Prigneaux, EDANA

Jacques Prigneaux

EDANA has been the leading global association and voice of the nonwovens...

Robert Brookins, Alexium International

Robert Brookins
Alexium International

Alexium International is a specialty chemical development company...

Ester Kubisz, Label - Ester Kubisz

Ester Kubisz
Label - Ester Kubisz

Ester Kubisz, a London-based designer and founder of her eponymous label,...

Dahlia Razzrook, Label - Dahlia Razzook

Dahlia Razzrook
Label - Dahlia Razzook

London based designer, <b>Dahlia Razook</b> known for her luxury...

Vidur Adlakha & Riccardo Bennidini, La Fuori

Vidur Adlakha & Riccardo Bennidini
La Fuori

With an active presence in US, Italy and India, clothing brand La Fuori...

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


Gatsby Africa
Sportswear Company Spa
Phong Phu international JSC (PPJ)
Under Armour Global Sourcing Ltd
Tory Burch Hong Kong Ltd
Helly Hansen Far East Ltd
Sportmaster Ltd.
Arvind Limited
Varner AS Retail
Chico’ FAS
H;&M Hennes ;& Mauritz (Far East) Ltd
Sainsbury's Argos Asia Limited
C;&A Sourcing International Ltd
Green Fibre
LC Waikiki
Esprit Europe Services GmbH
NITI Aayog
Etam Group Strategy Hong Kong Limited
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
T.T. Limited
Restoque S.A.
Lisa S.P.A.
Midas Clothing Limited
John Varvatos
Eastman Chemical Company
Gap International Sourcing Limited
Sateri (Jiujiang) Fiber Co.,Ltd
Benetton Group
Recron Polyester from Reliance Industries Limited
Gloria Jeans
Tchibo GmbH
Vianney Textil Hogar S.A. De C.V.
Brandix Lanka Limited
Bluestem Global Sourcing Limited
Hela Clothing Pvt Ltd
Truetzschler India Private Limited
IDH – The Sustainable Trade Initiative
The LYCRA Company Singapore  Pte. Ltd
Tommy Hilfiger
Reiter India Private Limited
PVH Corporation
Vardhman Textile Ltd
Seasalt Limited
Landmark Group
Boardriders Asia Sourcing Limited
Lacoste (Wanchai)
Gokaldas Exports Limited
Lenzing Aktiengesellschaft
The Top Form Brassiere Manufacturing Company Limited
Cat Tuong Real Estate Group Joint Stock Company
Calvin Klein
MAS Active / MAS Kreeda / MAS Bodyline
Chori Company Limited
International Textile Manufacturers Federation
Alison Hayes Romania
Huntsman (Singapore) Pte Ltd
Maceton Limited
Aramark Uniform ;& Career Apparel, LLC
Rosset ;& Cia Limited
KAS Direct Sourcing
OVS Hong Kong Sourcing Ltd.
Groz-Beckert East Asia LLP
Page Industries Limited (Bangalore)
SHAHI Exports Pvt Ltd
Rayonese Textile Inc., Division de Culp Inc.
Hirdaramani International Export Private Limited
Lululemon Athletica Inc
Amazon China
Target Corporation (MN)
Guess Europe Sagl,
G-Star Raw C.V.
J ;& P Coats
Alix Partners

January 2022

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

Advanced Search