×
178
Fashion Jobs
CTA APPARELS PVT. LTD
Opening For Merchandising Manager- Noida(Garment Export)
Permanent · Noida
CTA APPARELS PVT. LTD
Opening For Merchandising Manager- Noida(Garment Export)
Permanent · Noida
STAR UNION DAI ICHI LIFE INSURANCE (SUD LIFE)
Hiring- Area Manager - Bancassurance- Kolkata Metro
Permanent · Kolkata
NIKKO & CO.
Area Sales Manager /Sales Officers(5-10 Yrs Into Fmcg)
Permanent · Karimnagar
FUTURE GENERALI
Opening For Area Manager in Bangalore With Future Generali li
Permanent · Bengaluru
INFEXN LABORATORIES PRIVATE LIMITED
Area Sales Manager
Permanent · Mumbai
LENSKART
Area Operations Manager
Permanent · Chennai
WALPLAST PRODUCTS
Opening For Manager Sales - Walplast Products Pvt. Ltd. (Pune)
Permanent · Pune
ADECCO INDIA PRIVATE LIMITED
Job Opening For Area Sales Manager Role For Mnc Company
Permanent · Bengaluru
DR LAL PATHLABS
Area Sales Manager -Chandigarh
Permanent · Chandigarh
JOB INDIA
Regional Manager Sales (Backend Operations)Garments - Gurgaon
Permanent · Faridabad
MANPOWERGROUP SERVICES INDIA PRIVATE LIMITED
Area Sales Manager/sr.Area Sales Manager
Permanent · Kolkata
HERITAGE NUTRIVET LIMITED
Cattle Feed - Area Sales Manager - Salem Location
Permanent · Salem
THINK FIRST DIGITAL
Hiring For Event Production Manager - Mumbai
Permanent · Mumbai
LUPIN
Opportunity For Area Manager - Mass Marketing - Lupin Ltd
Permanent · Pune
SOBHA
Manager - Sales at Sobha Nesara, Kothrud - Pune
Permanent · Pune
PETPOOJA
Area Sales Manager || Software Sales (Pos) || Petpooja
Permanent · Navi Mumbai
FLEETX
Assistant Area Sales Manager/ Area Sales Manager
Permanent · Haldia
FLEETX
Area Sales Manager
Permanent · Tirunelveli
MINIVEL SERVICES
Area Sales Manager - Insurance Company
Permanent · Bengaluru
POLYCAB
Area Sales Manager
Permanent · Chennai
ACME SERVICES PRIVATE LIMITED
Purchase Manager For a Leading Textile Brand
Permanent · Mumbai
Published
May 26, 2017
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Deckers Outdoor Corp. beats estimates despite drop in net sales

Published
May 26, 2017

California-based outdoor footwear company Deckers Outdoor Corp., which owns brands such as Uggs and Teva, saw net sales fall 2.4 percent to $369.5 million in its fourth quarter, on an adjusted basis and closed 31 March, but surprised investors by delivering higher revenues and an unexpected profit.


REUTERS/David Gray - REUTERS/David Gray


Deckers reported a significant drop in one of its major brands, Teva. The footwear brand saw net sales fall 13.3 percent this quarter to $51.3 million. Deckers attributed the decrease to an overall decrease in global wholesale sales. Sanuk saw an even steeper drop, with sales falling 16.1 percent to $32.3 million.
 
Deckers most prominent brand Uggs saw net sales fall 1.1 percent to $243 million, with an increase in international wholesale sales helping to offset a decease in domestic sales.

Over the quarter, its operational loss, including restructuring costs, stood at 30.9 million dollars compared to 27.9 million over the same period last year.

Over the year, the group announced a sales decrease of 4.5% to 1.790 billion dollars. At constant exchange rates, it is a fall of 4.1%. Ugg, with sales of 1.451 billion dollars recorded a drop of 4.8%. Teva's sales slipped by 11.5% to less than 118 million and Sanuk saw sales plunge 13.6% to less than 92 million. Finally, the group's other brands advanced 16.2% to close to 130 million, with Hoka One One showing growth of 32.7% over the last quarter. International sales accounted for $649 million over the period.
 
Dave Powers, who was appointed CEO of the company in 2016, emphasized Deckers’ savings measures in the company's plan to go forward. “We now anticipate that the $150 million cumulative savings plan announced in February 2017 will drive a $100 million operating profit improvement by fiscal year 2020. I am proud of the work the team has accomplished, and I believe we have laid a solid foundation to execute on our savings plan,” Powers said in a statement.
 
Also part of the company’s plans to increase sales are goals to speed up the development of new products and move production out of China. Deckers also plans to close certain retail locations to increase revenues going forward, targeting $2 billion in sales with an operating margin of 13% in 2020.
 
Last month, Deckers announced the possibility of selling the company. The Goleta, California-based company has seen weak sales in its brands in the most recent quarters.
 
 

Copyright © 2022 FashionNetwork.com All rights reserved.