Deckers Brands Q4 net sales increased 8.4%
Staff Writer | May 25, 2018
Deckers Brands announced financial results for the fourth fiscal quarter ended March 31, 2018.
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Net sales increased 8.4% to $400.7 million compared to $369.5 million for the same period last year. On a constant currency basis, net sales increased 6.6%.
Gross margin was 48.0% compared to 43.0% for the same period last year.
SG&A expenses were $174.1 million compared to $189.8 million for the same period last year. Non-GAAP SG&A expenses were $172.5 million this year compared to $153.9 million last year.
Operating income was $18.3 million compared to an operating loss of $30.9 million for the same period last year. Non-GAAP operating income was $19.9 million this year compared to $5.1 million last year.
Diluted earnings per share was $0.66 compared to a loss of $0.49 for the same period last year. Non-GAAP diluted earnings per share was $0.50 this year compared to $0.11 last year.
Full year fiscal 2018 financial review
Net sales increased 6.3% to $1.9 billion compared to $1.8 billion for the same period last year. On a constant currency basis, net sales increased 6.1%.
Gross margin was 48.9% compared to 46.7% for the same period last year.
SG&A expenses were $709.1 million compared to $837.2 million for the same period last year. Non-GAAP SG&A expenses were $695.2 million this year compared to $669.6 million last year.
Operating income was $222.6 million compared to an operating loss of $1.9 million for the same period last year. Non-GAAP operating income was $236.5 million this year compared to $165.6 million last year.
Diluted earnings per share was $3.58 compared to $0.18 for the same period last year. Non-GAAP diluted earnings per share was $5.74 this year compared to $3.82 last year. ■ What to read next
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