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Article Date: May 2019
Word Count: 552

Deckers Doubles Profits for Year, Breaks $2 Billion in Sales

Comprehensive net income dipped 20% to $23,843,000 from $29,702,000 in the seasonally small final fiscal quarter ended Mar. 31, on revenues that fell 2% to $394,130,000 from $400,684,000 including a 7% decline from Ugg, mainly due to retail store closures. A 12% drop in direct-to-consumer sales to $156.6 million including a negative 0.5% comp more than offset a 6% improvement in wholesale to $237.5 million. Excluding a $9 million native swing in foreign currency translation and unrealized change in cash flow hedges, net income was up 16% to $23,969,000 from $20,615,000. Gross margin jumped 360 basis points to 51.6% from ... Log in to view full article.


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