Deckers’ net income slipped 7% to $44,849,000 from $48,124,000 in fiscal Q1 ended June 30 as revenues were up 22% to $614,461,000 from $504,678,000 with global direct-to-consumer across all brands up 15% and revenues outside the U.S. increasing 36% y-o-y. Gross margin took a 360-basis-point hit to 48.0% on higher freight costs, unfavorable foreign currency impact and product and channel mix for the Ugg business. The inventory level was 66% higher from Mar. 31 at $839.5 million and up 83% y-o-y with the company receiving products earlier than expected and immediately ... Log in to view full article.