World Footwear

Companies

Record sales at Deckers

Jun 6, 2016 United States
Record sales at Deckers
The US-based company specialised in designing, marketing and distributing footwear, apparel and accessories, announced that its fourth quarter sales grew by 11.2% to a record 378.6 million US dollars
“Our stronger than expected fourth quarter Non-GAAP operating results are very encouraging given the current market environment”, commented Angel Martinez, Chief Executive Officer and Chair of the Board of Directors, adding: “Looking back on the year, our performance was challenged by record warm weather across the globe and store traffic declines across retail. While these issues have created lingering headwinds for the industry, I am confident that Deckers is well positioned to increase long-term shareholder value with the new leadership team in place, our robust Omni-Channel capabilities and strong brand portfolio.”

Deckers net sales in the fourth quarter increased by 11.2% to a record 378.6 million US dollars compared to 340.6 million US dollars in similar period last year. On a constant currency basis, net sales increased by 12.4%.

The strong performance was mainly driven by the Ugg brand with a 13.3% net sales growth to 245.6 million US dollars. There was also an increase of sales of the Teva brand (11.3%). The Sanuk brand registered a 1.9% decrease in sales.

Domestic net sales for the quarter increased by 10.4% totaling 240.4 million US dollars and international sales increased by 12.4% reaching 138.2 million US dollars.

Operating loss reached 27.9 million US dollars compared to operating income of 0.7 million US dollars in similar period last year.

Net sales for the fiscal year increased by 3.2% to a record 1.875 billion US dollars, comparing 1.817 billion US dollars in the previous year. On a constant currency basis, net sales increased by 5.9%.

For fiscal 2016, domestic sales increased by 4.7% reaching 1.220 billion US dollars and international sales grew by 0.6% totaling 655.5 million US dollars. On a constant currency basis, sales increased by 8.2%.

Operating income for the entire year reached 162.1 million US dollars compared to 224.4 million US dollars in the previous year.

Based on the current state of the market Deckers expects fiscal 2017 net sales to be in the range of down (3)% to flat.

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