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Deckers Brands reports flat net sales in Q2FY17
Nov '16
For the three months ended September 30, 2016, net sales at apparel marketer and retailer Deckers Brands were nearly flat over a fiscal ago quarter at $485.9 million and also on a constant currency basis. Wholesale and distributor net sales for the reporting quarter too were flat at $399.9 million compared to $400.3 million in the prior fiscal's second quarter.

For the second quarter of fiscal 2017, gross margin amounted to 44.5 per cent of sales; up from 44 per cent in the earlier fiscal's corresponding period.

The company reported operating income at $54.0 million in the quarter under review as against $51.2 million in the second quarter of fiscal 2016, while non-GAAP operating income was $54.9 million.

Diluted earnings per share also moved higher at $1.21 in the reporting period vis-à-vis $1.11 for the same period of the previous fiscal. (AR)

Fibre2Fashion News Desk – India

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