UGG Brand net sales for the first quarter increased 67.7% to $29.8 million compared to $17.8 million for the same period a year ago. The improvement in sales was attributable to greater demand and increased distribution for the expanded spring line which now consists of espadrilles, sandals, flip flops and boots.
Simple Brand net sales increased 14.0% to $4.0 million for the first quarter compared to $3.5 million for the same period last year. Simple product sales were up year-over-year as a result of heightened brand awareness, a broader product assortment, and the addition of several new influential accounts, including Urban Outfitters, Bloomingdales, David Z. and Kitson.
Sales for the Consumer Direct business, which are included in the brand sales numbers above, increased 69.7% to $11.1 million compared to $6.5 million for the same period a year ago, mostly due to an increase in UGG Brand internet sales.
The Company increased its full year revenue growth target to approximately 25% over 2006, up from previous guidance of approximately 15%.
The Company increased its full year diluted earnings per share growth target to approximately 15% over 2006 before the impairment charge, up from previous guidance of approximately 5% Fiscal 2007 guidance includes approximately $5.2 million of stock compensation expense, an increase of $3.1 million over 2006.
The Company currently expects second quarter 2007 revenue to increase approximately 15% and diluted earnings per share to decrease approximately 80% compared to 2006.
The Company's conference call to review first quarter fiscal 2007 results will be broadcast live over the internet, Thursday, April 26, 2007 at 4:30 pm Eastern Time.
Deckers Outdoor Corporation
marketing@alchempro.com
