Deckers Q2 profit up on rising sales

Footwear specialist Deckers Outdoor Corporation posted a second quarter profit of US$8.9m, boosted by above-plan sales rises for its Ugg and Teva brands, plus soaring international and retail revenues.

“Our business continued to perform very well during the second quarter with sales, margins and earnings all coming in above plan,” said Angel Martinez, Deckers president, CEO and chairman.

“We were particularly pleased with the pace of sales for the Ugg brand overseas.”

Deckers raised its full-year outlook, predicting a sales increase of 14% and a rise in earnings per diluted share of 16%.

Click here to read the company’s full financial statement.