Deckers Outdoor Corp Pushes Past $1 Billion Mark

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Deckers Outdoor CorporationDeckers Outdoor Corporation has released record financial results for both the fourth quarter and fiscal year ended December 31, 2010 showing that 2010 net sales broke past the $1 billion mark. Net sales increased 23.1 percent to $1.001 billion compared to 2009's $813.2 million.

Ugg brand net sales for the fourth quarter increased 23.8 percent to a record $412.8 million compared to $333.3 million for the same period last year. The sales gain was primarily attributable to an increase in full price selling at company-owned retail stores and on the Company's eCommerce websites, coupled with higher shipments to global distributors versus the same period a year ago. For the full year, net sales increased 22.7 percent to a record $873.1 million compared to $711.8 million in 2009.

Teva net sales for the fourth quarter increased 26.2 percent to $13.3 million compared to $10.5 million for the same period last year. The increase in sales was primarily the result of an increase in distributor sales into the Asia region and an increase in global shipments of the fall line compared to a year ago. For the full year, net sales increased 30.5 percent to $101.3 million compared to $77.7 million in 2009.

Based upon current visibility, the Deckers expects a full year revenue growth target of approximately 20 percent over 2010.

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