×
71 760
Fashion Jobs
MACY'S
Asset Protection Detective, Menlo Park - Full Time
Permanent · Edison
MACY'S
Manager, Merchandise Execution
Permanent · East Wenatchee
JCPENNEY CAREERS 2018
Product Manager - Customer Service Application & Associate Fulfillment Tools
Permanent · Plano
ROSS STORES
IT Manager i (Supply Chain)
Permanent · Shafter
ROSS STORES
IT Manager i (Supply Chain)
Permanent · Brookshire
ROSS STORES
Purchasing Supervisor
Permanent · Dublin
ROSS STORES
Store Protection Specialist
Permanent · Holmes
ROSS STORES
Store Protection Specialist
Permanent · Medford
ROSS STORES
District Manager
Permanent · Bakersfield
ULTA BEAUTY, INC.
Retail Operations Manager
Permanent · San Leandro
UNIQLO
Human Resources Coordinator - Emeryville, ca
Permanent · Emeryville
UNIQLO
Loss Prevention Supervisor- Westfield Valley Fair Mall
Permanent · Santa Clara
UNIQLO
Loss Prevention Agent (Full-Time) - Santa Monica Place
Permanent · Santa Monica
UNIQLO
Soho- Loss Prevention Agent
Permanent · New York
UNIQLO
Loss Prevention Agent (Full-Time) - Willowbrook Mall
Permanent · Wayne
UNIQLO
Visual Merchandising Manager- Great Mall, Milpitas ca
Permanent · Milpitas
UNIQLO
Loss Prevention Agent (Full-Time) - The Bloc
Permanent · Los Angeles
UNIQLO
Loss Prevention Manager
Permanent · New York
UNIQLO
Loss Prevention Agent (Full-Time) - Atlantic Terminal
Permanent · New York
UNIQLO
Loss Prevention Supervisor
Permanent · New York
UNIQLO
Loss Prevention Supervisor- Bay Street
Permanent · Emeryville
UNIQLO
Uniqlo Loss Prevention Agent- Chestnut Street
Permanent · Philadelphia
Published
May 27, 2016
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Deckers posts record Q4 and 2016 sales, CEO Angel Martinez retires

Published
May 27, 2016

Deckers Brands reported on Thursday its fourth quarter and fiscal 2016 financial results ended March 31, 2016.


Deckers Brands recently announced the appointment of Andrea O’Donnell as president of fashion lifestyle.


 
Fourth quarter net sales increased 11.2% to a record $378.6 million from $340.6 million in the previous year. On a constant currency basis, net sales increased 12.4%.
 
Wholesale and distributor net sales for the fourth quarter increased 13.4% to $232.7 million from $205.1 million due to an increase in global warehouse sales, and direct-to-consumer sales increased 7.7% to $145.9 million from $135.5 million. Domestic sales increased 10.4% to $240.4 million and international net sales increased 12.4% to $138.2 million.

UGG net sales increased 13.3% to $245.6 million from $216.8 million and increased 15.2% on a constant currency basis. Teva net sales also increased 11.3% to $59.1 million from $53.1 million, Sanuk net sales decreased 1.9% to $38.5 million from $39.2 million and combined net sales of the company’s other brands increased 12.4% to $35.4 million from $31.5 million.
 
Gross margin was 40.9% compared to 44.7% in last year’s fourth quarter and non-GAAP gross margin was 42.3%. SG&A expenses as a percentage of sales were 48.3% compared to 44.5% in the previous year and non-GAAP SG&A expenses were 40.8% of sales. Diluted earnings loss per share was $0.73.
 
Full year net sales increased 3.2% to a record $1.875 billion from $1.817 billion in the previous year. Gross margin was 45.2% versus 48.3% from last year and SG&A expenses as a percentage of sales were 36.5%.
 
Wholesale sales increased 2.6% to $1.231 billion and direct-to-consumer sales increased 4.4% to $644.3 million.
 
UGG full year net sales increased 2.1% to $1.524 billion and increased 5.0% on a constant currency basis. Teva full year sales increased 5.0% to $133.0 million, Sanuk brand sales decreased 7.4% to $106.2 million and combined sales of the company’s other brands increased 35.4% to $111.6 million.
 
“Our stronger than expected fourth quarter Non-GAAP operating results are very encouraging given the current market environment,” commented Angel Martinez, Chief Executive Officer and Chair of the Board of Directors. “Looking back on the year, our performance was challenged by record warm weather across the globe and store traffic declines across retail. While these issues have created lingering headwinds for the industry, I am confident that Deckers is well positioned to increase long-term shareholder value with the new leadership team in place, our robust Omni-Channel capabilities and strong brand portfolio.”
 
The company expects its first quarter 2017 net sales to be down 20% to 25% and a diluted loss of $2.10 to $2.20. The full year 2017 net sales are also expected to be down from 3% to flat. Gross margin is expected to range from 47.0% to 47.5% and SG&A expenses are projected to be 37%.
 
In addition, Deckers announced on Thursday that Dave Powers will succeed Angel Martinez as Deckers Brands CEO, effective May 31, 2016. Powers held senior executive roles at Nike, Timberland and Gap before joining Deckers in 2012 as President of Direct-to-Consumer, and he was promoted to President of Deckers Brands in March 2015.
 
Martinez will retire from the company and will continue to serve as Chairman of the Board of Directors.

Copyright © 2022 FashionNetwork.com All rights reserved.