Shorebreak Hotel as a venue for industry events. Cinematographer Louie Schwartzberg's "Moving Art Retreat" in June at Turtle Bay Resort. Details on Industry Insight.
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 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 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