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Article Date: July 2018
Word Count: 341

Deckers Sales Surge in Small First Quarter


The net loss narrowed to $32,547,000 against a loss of $44,343,000 last year in DECK’s seasonally small fiscal first quarter ended Jun. 30 as revenues jumped 19% to $250,594,000 from $209,717,000 driven by surging Hoka One One sales and a double-digit increase from Ugg. The top line also benefitted from about $10 million in orders pulled forward from FQ2. Gross margin expanded 270 basis points to 45.9% from improved full-price selling and cost savings initiatives, along with 100 b.p. of positive ForEx. SG&A was up $7.5 million, but down 840 b.p. as a percent of sales. Inventory at quarter end ... Log in to view full article.

 


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