UGG sales boost Decker’s Q1 profits
According to newly released, first-quarter financial results at Deckers Outdoor Corporation, increased UGG sales led to a 9% increase in gross profit.
UGG brand sales for first quarter rose 66.9% to $91.4 million compared with $54.8 million for the same period last year. However, Teva brand sales fell 5.7% to $35.6 million compared with $37.7 million during the same quarter last year and Simple brand sales fell 13% to $4.4 million compared with $5.1 million.