Deckers Brands reports 5.4% rise in Q2 sales

By

Cajsa Lykke Carlson

Published
Oct 30, 2015

Deckers Brands, the American footwear specialist, has announced its results for the second quarter of fiscal 2016, which ended September 30, 2015.

The company's net sales rose 5.4% to $506.2m in the period. The gross margin was 44.0%, compared to 46.6% for the same period last year, and diluted earnings per share was $1.11, compared to $1.17 for the same period last year.

"We delivered record second quarter revenue and continue to track towards achieving our financial objectives for the fiscal year," commented Angel Martinez, Chief Executive Officer and Chair of the Board of Directors.

"I'm very pleased with our current performance which wouldn't have been possible without the strategic investments we've made in key areas of the business over the past several years. From Omni-Channel capabilities and product innovation to marketing and people, we are in the process of transforming the company into a consumer centric, global brand operator positioned to deliver sustainable top-line growth and operating margin expansion."

Domestic sales rose 4.3% to $301.6m in the quarter, while international sales decreased 3.1% to $185.3m.

Deckers also gave its full fiscal 2016 outlook for the twelve month period ending March 31, 2016. It said it expects fiscal 2016 constant currency revenues to be approximately $2.01bn, reflecting a 10.5% increase over the twelve month period ended March 31, 2015..