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Tiffany Montgomery
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Columbia, Deckers, True Religion earnings roundup

Deckers CEO Angel Martinez.
Deckers CEO Angel Martinez.
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

 

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