The company’s gross margin increased 180 basis points to 52.9% compared to 51.1% for the same period last year, with diluted earnings per share grew by 11.4% to 4.50 US dollar (compares to 4.04 US dollars for the same period last year).

UGG brand sales increased 6.5% to 736.0 million US dollars, mainly driven by higher global ecommerce sales, sales contributions from new worldwide retail store openings, increased international wholesale and distributor sales (partially offset by a decrease in domestic wholesale sales and same store sales).

Teva and Sanuk sales decreased by 12.1% and 7.9%, respectively. These decreases were due to lower international wholesale and international distributor sales, partially offset by an increase in domestic wholesale sales and global ecommerce sales.

Retail sales amounted to 192.7 million US, up by 8.3% from 178.0 million US dollars registered in similar period last year. The increase was driven by 29 new stores opened after the 31st of December 31. This was partially offset by a same store sales decrease of 7.2% for the thirteen weeks period ended at the 28th of December, compared to similar period in the previous year. ecommerce sales increased by 25.2% to 146.9 million US dollars, mainly driven by an increase in global UGG brand sales.

Domestic sales reached 526.3 million US dollars (up by 3.1%) compared to 510.7 million US dollars for the same period last year. International sales amounting to 258.4 million US dollars, presented a very dynamic performance with a growth rate of 14.6%.

"Our third quarter performance represents an important inflection point in the evolution of the UGG brand product line", commented Angel Martinez, President, Chief Executive Officer and Chair of the Board of Directors, adding: "Our recent results indicate that our strategic initiatives aimed at diversifying the business are working (…)  We are making investments to increase our demand planning accuracy, as well as continuing to improve our product lines to ensure that we have a healthy and balanced business across our global network of wholesale partners, retail stores and ecommerce websites."

The company announced they now expect fiscal year 2015 revenues to be approximately 1.8 billion US dollars or 13.5% over the twelve month period ended 31st March 31 2014, down from the previous guidance of approximately 1.825 billion US dollars or 15%.