"Our efforts to diversify our product lines, distribution channels and global revenue streams are creating a stronger foundation to support sustainable growth", stated Angel Martinez, Chief Executive Officer and Chair of the Board of Directors, adding: "At the same time, our enhanced Omni-channel capabilities are giving us greater insight into our consumers and are allowing us to deliver a full brand experiences across all touch points. Looking ahead, we believe our merchandise and marketing strategies have us well positioned for a successful fall/winter selling season, which combined with moderating expense growth and share repurchases, should generate increased value for our shareholders this year and beyond."

Deckers first quarter net sales totaled 213.8 million US dollars increasing by 1.1% on a reported basis compared to similar period last year (increasing 4.5% on a constant currency basis). Gross margin was 40.5% compared to 41.0% for the same period last year.

UGG brand net sales for the first quarter decreased 7.2% to 114.5 million US dollars compared to 123.3 million US dollars for the same period last year, which was in line with expectations for the quarter. On a constant currency basis, sales decreased approximately 3.0%. The decrease in sales was mainly driven by foreign currency pressure that caused a decrease in international distributor sales and a decrease in global Direct-to-Consumer sales primarily due to lower tourist traffic, partially offset by an increase in global wholesale sales.

Teva brand net sales for the first quarter increased 6.8% to 41.9 million US dollars compared to 39.3 million US dollars for the same period last year.  On a constant currency basis, sales increased approximately by 12.0%. According to Deckers the performance in sales of the Teva brand was driven by an increase in global wholesale and distributor sales and global Direct-to-Consumer sales.

Sanuk brand net sales for the first quarter decreased 7.0% to 33.5 million US dollars compared to 36.0 million US dollars for the same period last year on both a reported and constant currency basis. The decrease in sales was driven by a decrease in global wholesale and distributor sales, partially offset by an increase in global Direct-to-Consumer sales.

Combined net sales of the company's other brands increased by 85.6% to 23.9 million US dollars compared to 12.9 million US dollars for the same period last year.

Deckers wholesale and distributor sales for the first quarter decreased 0.4% to 153.4 million US dollars compared to 154.0 million US dollars for the same period last year. On a constant currency basis, sales increased approximately 2.2%. 

Direct-to-Consumer sales for the first quarter increased 5.2% to 60.4 million US dollars compared to 57.5 million US dollars for the same period last year. On a constant currency basis, sales increased 10.5%. This increase was driven by 16 net new stores opened as well as 3 new country specific e-commerce sites launched within the last year. Direct-to-Consumer comparable sales were flat over the same period last year.

During the first quarter domestic sales increased by 1.7% to 134.5 million US dollars and international sales went up by 0.1% to 79.3 million US dollars.

Deckers net loss for the period totaled 46.0 million US dollars, aggravating from the 36.8 million US dollars registered in similar period last year.