"Importantly, this momentum continues as our pre-books for fall are coming in better than previously anticipated. During the quarter we also witnessed solid improvement for the Teva Brand despite some unseasonable weather. We were particularly encouraged by the sell-through of several new, higher price point models which gives us confidence that the Teva Brand continues to evolve into an outdoor, performance oriented brand and is regaining important traction at retail."
"We move ahead excited about the pace of our business and more optimistic about our growth prospects for the remainder of the year, and committed to ensuring that the Company has all the necessary internal and disclosure controls."
Segment Summary:
UGG:
UGG Brand net sales for the second quarter increased 65.2% to $26.3 million compared to $15.9 million in the second quarter of 2006. The year-over-year improvement in sales was attributable to strong sell-through of spring products as well as a strong reorder business. At the same time, initial shipments of fall styles to international markets were up significantly compared with a year ago.
Teva:
Teva Brand net sales for the second quarter increased 5.6% to $24.1 million compared to $22.8 million for the same period last year. Sales were driven by worldwide demand for new products, partially offset by a lower than anticipated level of domestic reorders.
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Deckers Outdoor Corporation
marketing@alchempro.com
