Record Q3 results at Deckers Outdoor
American footwear designer Deckers Outdoor Corporation has posted improved financial results for the third quarter ended September 30.
Net sales increased 19% to $82.3 million versus $69.2 million last year; ahead of previous guidance range of $71 million to $74 million.
Teva net sales for the third quarter increased to $10 million compared with $9.7 million for the same period last year. Teva’s performance was driven by a positive reaction to a limited introduction of closed toe footwear combined with solid sales of the traditional sandal offering.
UGG net sales increased by 18.4% to $67.9 million versus $57.3 million for the same period a year ago. Sales were fuelled by robust consumer demand for the new fall styles, including fashion boots, casuals, men’s and kids, coupled with a strong reorder business for core styles.
Simple net sales increased 108.8% to $4.4 million compared with $2.1 million for the same period last year. Simple’s core sandal and sneaker product lines were the largest contributors. The Green Toe collection also experienced strong retail sell-through across all channels of distribution and in all geographic regions.
The company has raised full year sales guidance to a range of $287 million to $290 million versus previous expectation of $272 million to $278 million. It has also raised fourth quarter sales guidance to a range of $107 million to $110 million versus previous expectations of $103 to $106 million.
