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Article Excerpt
Company Reports Third Quarter Sales Increased 15.8% to a Record $228.4 Million
Third Quarter Diluted EPS Increased 31.5% to a Record $2.59
Company Raises Full Year Outlook
GOLETA, Calif. -- Deckers Outdoor Corporation (NASDAQGS: DECK) today announced record financial results for the third quarter ended September 30, 2009.
Third Quarter Highlights
* Net sales increased 15.8% to $228.4 million versus $197.3 million for the same period last year.
* Diluted EPS increased 31.5% to $2.59 versus $1.97 for the same period last year.
* Domestic sales increased 10.3% to $179.0 million compared to $162.3 million for the same period last year.
* International sales increased 41.1% to $49.4 million compared to $35.0 million for the same period last year.
* UGG[R] brand sales increased 19.1% to $212.8 million versus $178.7 million for the same period last year.
Angel Martinez, President, Chief Executive Officer and Chairman of the Board of Directors, stated: "In addition to exceeding expectations, our third quarter results highlight our efforts to further diversify our product lines, expand our share of the market, and control expenses. Our UGG brand sales continue to be led by our core boot category, with the performance of several new styles driving the strong start to the fall selling season. Our focus on broadening the depth of our collections has enabled us to increase shelf space and attract new consumers to the brand. At the same time, we had a positive response to our more technical line of closed toe, light hikers, which will help establish our Teva[R] brand as a true year-round brand and provide important momentum for spring 2010. Our Simple[R] brand is also experiencing solid sell-through as ecoSNEAKS[R] continue to perform well at major accounts such as Nordstrom and Journeys. We are very pleased with our ability to successfully execute our business plan in what continues to be an uncertain economic environment. We remain focused on effectively managing our expenses and inventory levels and are moving...
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