March 1, 2008
Deckers Outdoor Corporation announced financial results for the fourth quarter and fiscal year ended December 31, 2007.
Fourth Quarter Highlights:
• Net sales increased 56.2% to $194.2 million versus $124.4 million last year.
• Diluted EPS increased to $2.69 versus $0.95 on a GAAP basis. On a non-GAAP basis excluding the restatement adjustments of $0.3 million, or $0.02 per diluted share, and the impairment charge of $11.0 million, or $0.85 per diluted share, both incurred in the fourth quarter of fiscal 2006, fourth quarter 2007 diluted EPS increased 47.8% over last year.
• UGG Brand sales increased 61.8% to $177.7 million compared to $109.9 million a year ago.
• Total domestic sales increased 54.9% to $177.7 million compared to $114.7 million in the prior year.
• Total international sales increased 71.1% to $16.5 million compared to $9.7 million last year.
Fiscal 2007 Highlights:
• Net sales increased 47.5% to $448.9 million versus $304.4 million in 2006.
• Diluted EPS increased to $5.06 versus $2.38 in 2006 on a GAAP basis. On a non-GAAP basis excluding the restatement adjustments of $0.9 million, or $0.07 per diluted share, and the impairment charge of $11.0 million, or $0.85 per diluted share, both incurred in fiscal 2006, fiscal 2007 diluted EPS increased 53.3% over fiscal 2006.
• UGG Brand sales increased 64.4% to $347.6 million compared to $211.5 million in fiscal 2006.
• Total domestic sales increased45.3% to $386.6 million versus $266.1 million a year ago.
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