Deckers Outdoor Corp. Presents at Piper Jaffray 35th Annual Consumer Conference, Jun-10-2015 11:25 AM
Jun 3 15
Deckers Outdoor Corp. Presents at Piper Jaffray 35th Annual Consumer Conference, Jun-10-2015 11:25 AM. Venue: New York Palace Hotel, New York, New York, United States. Speakers: Angel R. Martinez, Chairman of the Board and Chief Executive Officer, Tom Garcia, Senior Vice President, Compliance Officer and General Counsel.
Deckers Outdoor Corp. Announces Consolidated Unaudited Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2015; Provides Earnings Guidance for the First and Full Year Ending March 31, 2016
May 28 15
Deckers Outdoor Corp. announced consolidated unaudited earnings results for the fourth quarter and full year ended March 31, 2015. For the quarter, the company reported net sales increased 15.6% to a record $340.6 million compared to $294.7 million for the same period a year ago. On a constant currency basis, net sales increased 19.1%. Diluted earnings per share was $0.04 compared to a diluted loss per share of $0.08 for the same period a year ago. Income from operations was $737,000 against loss of $742,000 a year ago. Income before taxes was $951,000 against loss before taxes of $742,000 a year ago. Net income was $1,406,000 against net loss of $2,685,000 a year ago.
For the year, the company reported net sales increased 14.5% to a record $1.817 billion compared to $1.588 billion a year ago. On a constant currency basis, net sales increased 15.6%. Income from operations was $224,419,000 against $204,837,000 a year ago. Income before taxes was $221,139,000 against $202,305,000 a year ago. Net income was $161,780,000 against $141,997,000 a year ago. Diluted earnings per share increased 14.5% to $4.66 compared to $4.07 a year ago. The company ended with solid momentum highlighted by approximately 16% revenue growth in the fourth quarter despite unfavorable foreign exchange rate headwinds. The increase in revenue was driven by double-digit growth for all brands, aided by higher e-commerce sales, the conversion to the direct distribution in Germany and the additional retail stores.
The company announced that for fiscal ending March 31, 2016 the company expects constant currency revenues to be approximately $2.01 billion, reflecting a 10.5% increase over the twelve month period ended March 31, 2015. On a reported basis, revenues are expected to be $1.96 billion, or an increase of 8%. Gross profit margin for fiscal 2016 is expected to be approximately 48%, down 30 basis points from fiscal 2015 as a result of expectations regarding a stronger U.S. dollar, partially offset by lower input costs and favorable changes in the company's channel mix. The company expects fiscal 2016 diluted earnings per share to be approximately $5.60 on a constant currency basis, reflecting an increase of 20% over the twelve month period ended March 31, 2015. On a reported basis, earnings per share are expected to be $5.09, or an increase of 9%. CapEx for fiscal 2016 is projected to be roughly $65 million to $70 million, with $10 million towards the build-out of its Moreno Valley distribution center, $12 million in business transformation investments, $20 million in maintenance CapEx and $25 million in DTC infrastructure related to new store openings and e-commerce investments.
For the first quarter ending June 30, 2015, the company expects constant currency revenues to be up slightly over the same period a year ago and flat on a reported basis. The company expects a diluted loss per share of approximately $1.52 on both a constant currency and reported basis compared to a diluted loss per share of $1.07 for the same period a year ago. As a reminder, a significant amount of operating expenses are fixed and spread evenly on an absolute dollar basis throughout each quarter. The company expects the majority of its earnings increase in fiscal 2016 to come in the third and fourth quarters.
Deckers Brands Announces Launch of Star Wars by UGG Collection
May 20 15
Deckers Brands, in collaboration with Disney Consumer Products, has announced the launch of the limited edition Star Wars by UGG collection. Available at select locations worldwide, the collection celebrates the passion, imagination, emotional connection and multi-generational appeal of two iconic brands. Star Wars by UGG will honor the characters that have captured the hearts and minds of millions of fans around the world. Ranging in price from $100 to $225, the first series in the collection features eight styles for men, women and kids honoring Darth Vader of the original Star Wars trilogy. Thoughtful details are abundant in each collection and will appeal to the UGG brand loyalist or avid Star Wars fan as each style includes a custom, inner-woven label featuring famed Star Wars quotes, original storyboard tissue paper and a custom Star Wars by UGG box. Both brands continue to evolve and innovate, adding new legions of fans to become a part of something that feels like nothing else. The Darth Vader line marks the first run of a three part series within the Star Wars by UGG collection that will honor the iconic characters of the original films throughout the year, including the holiday season.