Deckers with record net sales
US based company announced second quarter sales increasing by 24.2% to a record 480.3 million US dollars led by the UGG brand
"Our second quarter results reaffirm that Deckers Brands is a growth company", commented Angel Martinez, President, Chief Executive Officer and Chair of the Board of Directors, adding: "Both our revenues and earnings grew more than 20% for the second quarter compared to the same period last year driven by the performance of our strongest, most diversified product line up ever. We believe that consumers are responding positively to the combination of sharper price points, innovation and enhanced aesthetics. At the same time, we plan to continue to focus on marketing programs and Omni-Channel initiatives to effectively communicate our product stories and drive increased conversions in our Direct-to-Consumer channel. We believe that we are well positioned for another successful holiday season, and more importantly, to drive growth for many years to come."
Deckers's net sales reached 480.3 million US dollars compared to 386.7 million US dollars for the same period last year. Gross margin increased 340 basis points to 46.6% compared to 43.2% for the same period in 2013. Diluted earnings per share increased 23.2% to 1.17 US dollars compared to 0.95 US dollars for the same period last year.
In terms of the portfolio brand’s performance, UGG sales increased 23.8% to 417.1 million US dollars compared to 337.0 million US dollars for the same period last year. Teva sales increased 14.9% to 20.7 million US dollars compared to 18.0 million US dollars for the same period in 2013. Sanuk sales increased 3.2% to 19.0 million US dollars compared to 18.4 million US dollars for the similar period last year.
Considering a distribution of sales by channel, the performance is positive in all means. Deckers's retail sales increased 20.1% to 63.2 million US dollars compared to 52.6 US dollars million for the same period last year. Ecommerce sales increased 45.1% to 21.6 million US dollars compared to 14.9 million US dollars for the same period last year.
Domestic sales increased 21.1% to 289.1 million US dollars and international sales increased 29.2% to 191.2 million US dollars.
Deckers now expects fiscal year 2015 revenue to reach roughly 1 825 billion US dollars, 15% over the twelve month period ended on the 31st of March 2014, up from the previous guidance of 14%, as a result of a 10% increase expected for the third and fourth quarter revenue.
As previously announced, the company recently changed its fiscal year end to the 31st of March from the 31st of December, effective as of 2014. Accordingly, the company's fiscal year will run from the 1st of April 2014 through 31st of March 2015.
For more information about Deckers Outdoor Corporation please visit the company's website.
Deckers's net sales reached 480.3 million US dollars compared to 386.7 million US dollars for the same period last year. Gross margin increased 340 basis points to 46.6% compared to 43.2% for the same period in 2013. Diluted earnings per share increased 23.2% to 1.17 US dollars compared to 0.95 US dollars for the same period last year.
In terms of the portfolio brand’s performance, UGG sales increased 23.8% to 417.1 million US dollars compared to 337.0 million US dollars for the same period last year. Teva sales increased 14.9% to 20.7 million US dollars compared to 18.0 million US dollars for the same period in 2013. Sanuk sales increased 3.2% to 19.0 million US dollars compared to 18.4 million US dollars for the similar period last year.
Considering a distribution of sales by channel, the performance is positive in all means. Deckers's retail sales increased 20.1% to 63.2 million US dollars compared to 52.6 US dollars million for the same period last year. Ecommerce sales increased 45.1% to 21.6 million US dollars compared to 14.9 million US dollars for the same period last year.
Domestic sales increased 21.1% to 289.1 million US dollars and international sales increased 29.2% to 191.2 million US dollars.
Deckers now expects fiscal year 2015 revenue to reach roughly 1 825 billion US dollars, 15% over the twelve month period ended on the 31st of March 2014, up from the previous guidance of 14%, as a result of a 10% increase expected for the third and fourth quarter revenue.
As previously announced, the company recently changed its fiscal year end to the 31st of March from the 31st of December, effective as of 2014. Accordingly, the company's fiscal year will run from the 1st of April 2014 through 31st of March 2015.
For more information about Deckers Outdoor Corporation please visit the company's website.