Footwear maker Deckers Outdoor net sales jump 23% for Q2
22 Jul '05
6 min read
Function-oriented footwear manufactures and marketer Deckers Outdoor Corporation announced financial results for the second quarter ended June 30, 2005.
For the second quarter, net sales were $40.3 million compared to $40.5 million in the same period last year. Net earnings for the quarter were $2.7 million, compared to net earnings of $5.1 million in the same period last year, and diluted earnings per share were $0.21 compared to diluted earnings per share of $0.43 in the second quarter of 2004.
For the six months ended June 30, 2005, net sales increased 23 percent to $104.6 million compared to $84.8 million in the same period last year. Net earnings for the first half of fiscal 2005 increased 11 percent to $11.6 million, compared to net earnings of $10.5 million in the same period last year.
Diluted earnings per share were $0.90 compared to diluted earnings per share of $0.91 in the same period of fiscal 2004.
Douglas Otto, Chairman of Deckers Outdoor, stated, "As expected, Teva's dependency on open toe sandals combined with the lingering cold weather during the Spring 2005 season negatively impacted their domestic Teva business during the quarter, while weakness in certain international markets affected Teva's overseas business."
However, demand for UGG remained strong and as they enter their key selling period for UGG they are very excited about the opportunities they continue to see in the marketplace. The UGG orders for their Fall season have come in strong and they expect another record year for their UGG brand in 2005.
marketing@alchempro.com
