Deckers Outdoor Q2 profit flat, raises fiscal '06 outlook
29 Jul '06
3 min read
Outdoor footwear retailer Deckers Outdoor Corporation announced financial results for the second quarter ended June 30, 2006.
Second Quarter Highlights
-- Net sales increased 3.4% to $41.7 million versus $40.3 million last year; ahead of our previous guidance range of $38 million to $40 million.
-- Gross margin increased 600 basis points to 45.6% compared to 39.6% a year ago.
-- Diluted EPS was the same as last year at $0.21; ahead of our previous guidance range of $0.03 to $0.05.
Angel Martinez, President and CEO, stated, "We are very pleased that the positive momentum in our business has continued, allowing us to once again exceed expectations."
Second Quarter Segment Summary
Teva - As anticipated, Teva net sales for the second quarter were $22.8 million compared to $24.8 million for the same period last year. The decrease in the volume of sales was the result of fewer closeout sales, which was partially offset by an increase in full margin sales that were driven by solid sell-through of men's, women's and kids' products including the introduction of new styles of the Dozer, Elixir and Mush.
UGG - The net sales for the second quarter increased 19.2% to $15.9 million versus $13.3 million for the same period a year ago. Sales were positively impacted by a strong reorder business for the UGG spring line, as well as continued demand for core products.
Simple - Simple net sales increased 39.9% to $3.0 million for the second quarter compared to $2.2 million for the same period last year. Simple experienced strong consumer demand for our recently introduced Green Toe Collection across all channels of distribution. In addition, its men's and women's sandal business also performed well.
marketing@alchempro.com
