Home / Knowledge / News / Apparel/Garments / Deckers Brands Q3 2017 sales up 6.6%
Deckers Brands Q3 2017 sales up 6.6%
Feb '18
Courtesy: Deckers
Courtesy: Deckers
Deckers Brands, a global leader in designing, marketing and distributing innovative footwear, apparel and accessories, has recorded net sales of $810.5 million compared to $760.3 million for the same period last year, up 6.6 per cent. The company's gross margin was 52.2 per cent compared to 50.5 per cent for the same period in the last year.

For the reported period, the operating income was $193.2 million compared to $53.3 million for the same period last year. Non-GAAP operating income was $203.1 million this year compared to $182.2 million last year.

During the third quarter the company repurchased approximately 361,000 shares of its common stock for a total of $24.7 million. As of December 31, 2017, the company had $375.6 million remaining under its $400.0 million in stock repurchase authorisations. The company still intends to repurchase approximately $75 million worth of stock prior to the end of fiscal year 2018.

“Our third quarter results, which meaningfully exceeded expectations, underscore the progress we have made developing a stronger foundation to support profitable growth,” said Dave Powers, president and chief executive officer. “Our refined product strategies, enhanced consumer messaging and wholesale account optimisation efforts resulted in much stronger full price selling for our brand portfolio during the key holiday season. While more favorable weather also contributed to our year-over-year improvement, hard work by the entire organization enabled us to capitalise on additional upside opportunities. Looking ahead, I am confident that the successful execution of our profit improvement plan, combined with the recently passed tax reform, has Deckers in a great position to deliver increased value to our shareholders in the years ahead."

Diluted earnings per share were $2.69 compared to $1.27 for the same period last year. Non-GAAP diluted earnings per share were $4.97 this year compared to $4.11 last year. For this year, non-GAAP diluted earnings per share were largely affected by the recently enacted tax reform act.

For the fourth quarter of fiscal 2018, net sales are expected to be in the range of $370-$375 million. While for 2018, the sales are likely to be between $1,873 million-$1,878 million and the gross margin is expected to be approximately 49 per cent. (RR)

Fibre2Fashion News Desk – India

Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 24th Feb 2020

Myanmar's garment units risk closure due to virus impact

Myanmar's garment factories are facing the risk of shutdown as the...

Pic: Shutterstock

Apparel/Garments | On 24th Feb 2020

GMAC urges EU to restore full EBA rights for Cambodia

Expressing disappointment over the recent European Union (EU)...

Pic: Shutterstock

Apparel/Garments | On 24th Feb 2020

Uzbekistan 3rd biggest garment exporter to Kazakhstan

Uzbekistan exported 10,000 tonnes of apparel to Kazakhstan in 2019,...

Interviews View All

Jurgen Gauger, Spreadshirt

Jurgen Gauger

‘Buying crowdsourced or creative designs are much more appealing to the...

Amit Jain, Shingora Textiles Ltd

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Top executives, Textile industry

Top executives
Textile industry

Union budget 2018-19 will have positive impact on apparel industry

Hans Gerhard Wroblowski,

Hans Gerhard Wroblowski

Germany's Monforts is a leading manufacturer and exporter of textile...

Ravindra Jain, Ashish Baid,

Ravindra Jain, Ashish Baid

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

Ian Burn,

Ian Burn

Camira's expertise goes from farm to fabric and everything in between. The ...

Alfonso Marra, Klopman

Alfonso Marra

It was in 1968 that Klopman introduced the concept of poly/cotton workwear ...

Madison Maxey, Loomia

Madison Maxey

Loomia designs and manufactures soft circuit systems that can be produced...

Isabel Herranz, European School of Business & innovation

Isabel Herranz
European School of Business & innovation

Cutting-edge ideas like the Internet of Things and artificial intelligence ...

Robert Brunner, Devereux

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Chandani Sahi, By Chandani

Chandani Sahi
By Chandani

By Chandani is a womenswear prêt couture brand with fusion silhouettes by...

Madhu Jain, Madhu Jain

Madhu Jain
Madhu Jain

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

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

February 2020

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

Advanced Search