Sponsors
Billabong ▲ +0.005 | PPR ▼ -1.10 | American Apparel ▼ -0.023 | The Buckle ▼ 0.00 | Columbia ▲ +0.73 | Deckers Outdoor ▼ -0.56 | Dicks ▼ -0.25 | Foot Locker ▲ +0.14 | Genesco ▲ +0.36 | Iconix Brand Group ▼ 0.00 | Jarden Corp ▼ -0.97 | Nordstrom ▼ -0.33 | Luxottica ▲ +0.48 | Nike ▼ -0.16 | Pacific Sunwear ▼ -0.04 | Skullcandy ▼ -0.03 | Sport Chalet - 0 | Urban Outfitters ▼ -0.49 | VF Corp ▼ -0.21 | Quiksilver ▼ -0.04 | Zumiez ▲ +0.28 | Macys ▼ -0.43 | Tillys ▲ +0.46 |
Ticker Sponsor
Readers Say
Executive Edition is a must have
Executive Edition is a must have

Before Shop-Eat-Surf, there were two sites I paid for premium content on. One is Surfline, the other is the Wall Street Journal. One is about all things surf, the other, the best business content site in the world. Shop-eat-surf is the intersection of those two worlds. Shop-Eat-Surf provides everything from coverage of events, people, brands and trends. However, beyond the Executive Edition "wall" is more meaty analysis and interpretation of financial statements, business models and brand philosophies; why certain brands and companies are succeeding, where others aren't. The Executive Edition is a must have read if the business of surf and action sports are on your radar screen.

- By Jeff Berg, Co-owner, Surfline
Always a good daily read
Always a good daily read

Shop-Eat-Surf creates a good source of timely information about the industry. The site makes all types and size companies feel part of a community where everyone is stoked to hear about other companies successes and ideas. It is always a good daily read.

- By Ted Li, VP of North America, Oakley
Industry Insight

SHACC: Trailblazers in Women's surfing exhibit opens April 25.
ROTH CAPITAL PARTNERS: Zumiez comps exceed estimates.

Details on Industry Insight.


Tiffany Montgomery
Print This Article

Columbia, Deckers, True Religion earnings roundup

By Tiffany Montgomery
July 28, 2011 3:29 PM

Columbia Sportswear, Deckers Outdoor Corporation and True Religion reported earnings this afternoon.

 

Here’s a roundup of their results that gives a sense if consumers are spending on discretionary items these days.

 

Columbia Sportswear 

Columbia recorded a sales increase but its loss widened.

 

Total net sales: up 21% to $268 million

 

Gross margin: down to 41.9% vs. the same period last year

 

Net loss: $13.6 million vs. $10.6 million

 

Columbia brand: up 20% to $239.1 million

 

Mountain Hardwear brand: up 24% to $22.7 million

 

Sorel brand: up 106% to $3.7 million

 

Sportswear sales: up 12% to $136.2 million

 

Outerwear sales: up 43% to $62.1 million

 

Footwear sales: up 29% to $50 million

 

Accessories and equipment: up 11% to $19.7 million

 

Deckers Outdoor Corporation

Deckers recorded a larger than expected sales increase, which led to a smaller net loss than expected.

 

Net sales: up 12.5% to $154.2 million

 

Gross Margins: 42.7% vs. 44.3% the same period last year

 

Net loss: $7.5 million. The bottom line was impacted by costs of converting from a distributor to wholesale model in the U.K. and Benelux. However, net loss was less than expected.

 

UGG brand: up 8% to $108.3 million

 

Teva brand: up 29.1% to $40.3 million

 

Retail sales: up 102.2% to $20.1 million. Same store sales up 23.6%

 

Ecommerce: up 10.3% to $5.7 million

 

Full year guidance: Deckers upped its estimate to a revenue increase of 26% for the year from a previous prediction of a 21% increase. Sanuk should add in the low $20 million range to revenues in the second half. Earnings per share should increase 17% from 2010 vs. the previous guidance of a 13% increase.

 

See Page 2 for True Religion

 

Previous 1 2 Next

Articles You Might Have Missed