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Deckers Brands reports flat net sales in Q2FY17

08 Nov '16
1 min read

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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