Deckers Brands Q4 FY20: sales down 4.9%; net income $16 mn

Deckers Brands, a designer of innovative footwear and apparel, posted 4.9 per cent sales decline to $374.9 million in fourth quarter (Q4) FY20 ended on March 31, 2020 compared to sales of $394.1 million in same period prior year. Net income during the quarter were $16.0 million (Q4 FY19: $23.9 million). Gross profit were $192.9 million ($203.3 million).

 

Deckers Brands, a designer of innovative footwear and apparel, posted 4.9 per cent sales decline to $374.9 million in fourth quarter (Q4) FY20 ended on March 31, 2020 compared to sales of $394.1 million in same period prior year. Net income during the quarter were $16.0 million (Q4 FY19: $23.9 million). Gross profit were $192.9 million ($203.3 million).#

Sales for UGG brand during the quarter decreased 17.9 per cent to $196.3 million ($239.0 million). Sales of Sanuk brand fell 57.8 per cent to $13.3 million ($31.5 million). However, sales of Hoka One One brand jumped 51.8 per cent to $101.9 million ($67.1 million) and Teva brand grew 12.5 per cent to $59.6 million ($52.9 million). 

 

Deckers Brands, a designer of innovative footwear and apparel, posted 4.9 per cent sales decline to $374.9 million in fourth quarter (Q4) FY20 ended on March 31, 2020 compared to sales of $394.1 million in same period prior year. Net income during the quarter were $16.0 million (Q4 FY19: $23.9 million). Gross profit were $192.9 million ($203.3 million).#

Wholesale net sales for the fourth quarter decreased 2.9 per cent to $230.7 million ($237.5 million). DTC sales dropped 7.9 per cent to $144.2 million ($156.6 million). 

 

Deckers Brands, a designer of innovative footwear and apparel, posted 4.9 per cent sales decline to $374.9 million in fourth quarter (Q4) FY20 ended on March 31, 2020 compared to sales of $394.1 million in same period prior year. Net income during the quarter were $16.0 million (Q4 FY19: $23.9 million). Gross profit were $192.9 million ($203.3 million).#

Sales in the Domestic market were down 8.4 per cent to $230.8 million ($252.0 million). Whereas International sales grew 1.4 per cent to $144.1 million ($142.1 million).