Login

Search

We have 6027 groups in 289 locations listed on this site! Knit on, everyone!

Latest Groups Added

1. chanel bags outlet
    Created: Jul 24, 2014
2. Louis Vuitton's Escale Worldtime Watch Goes Around the World in 60 Seconds
    Created: Jul 24, 2014
3. bee charm
    Created: Jul 23, 2014
4. iwc da vinci perpetual calendar
    Created: Jul 23, 2014
5. MBT Shoes Clearance, MBT Baridi Shoes - Same Quality And Price, Better Service!
    Created: Jul 23, 2014

Recently Updated Groups

1. Wilmington
    
2. Glenrothes, Fife
    
3. Portland
    
4. Fenton, West Lindsey, Lincolnshire
    
5. Daventry - Northamptonshire
    

Stitch 'n Bitch Groups

Lower-cost UGGs boost Decker's Outdoor's quarterly profit | Reuters

Group Name
180
Meeting Location
180
Address
180, New York, 180, 180, 180
Meeting Day
180
Meeting Time
180
Contact E-mail
Group Website
[b][url=http://www.regent-shoes.com/]uggs boots on sale[/url][/b]
[b][url=http://www.regent-shoes.com/]discount uggs[/url][/b]
ugg boots
| ugg boots
| uggs outlet
Lower-cost UGGs boost Decker's Outdoor's quarterly profit
By Aditi Shrivastava
ugg
Thu Oct 24, 2013 7:30pm EDT

0 Comments
Tweet
Share this
Email
Print
ugg n">(Reuters) - Deckers Outdoor Corp ( DECK.O ) reported third-quarter profit well ahead of analysts' estimates as the use of a lower cost sheepskin substitute in its popular UGG boots boosted gross margins.
ugg Shares of the Goleta, California-based company rose as much as 14 percent to $66.20 in after-market trade. ugg "UGG Pure has had an immediate impact on enhancing our product line and will result in reduced costs going forward," Chief Executive Angel Martinez said. ugg UGG Pure is wool woven into a durable backing that is being used as a substitute for pricier sheepskin in the lining and footbeds of some of the company's shoes. ugg Analyst Erinn Murphy of Piper Jaffray said she expects lower costs for sheepskin, Decker's most important raw material, to improve gross margins in the current quarter. Total sheepskin costs will drop 10 percent in 2014, thanks to a drop in prices of the raw material as well as the increased use of Ugg Pure, Murphy added. "The benefits of UGG Pure will also extend beyond the brand's core footwear business into adjacent categories like home and allow us to target new consumers, particularly in China," Martinez said. Sales of UGG products, which accounted for 87 percent of Decker's third-quarter revenue, rose 1.3 percent to $337 million. Gross margin improved to 43.2 percent from 42.3 percent in the year-ago quarter. Third-quarter profit was $34.2 million, or 95 cents per share, compared with $42.5 million, or $1.18 per share, a year ago. The company, which competes with Skechers USA Inc ( SKX.N ) and VF Corp's ( VFC.N ) Timberland, said net sales rose about 3 percent to $386.7 million. Analysts on average had forecast a profit of 72 cents per share on revenue of $386 million, according to Thomson Reuters I/B/E/S. (Reporting by Aditi Shrivastava; Editing by Richard Chang )
Tweet this
Link this
Share this
Digg this
Email
Print
Reprints
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.
uggs boots on sale
discount uggs
Advertisement

 


 
 Introducing: Raging Wool
150x150ad.gif

 T-shirts and Gifts for the Fiber-Obsessed

www.ragingwool.com

Polls

Which are you?
 
Webdesign auf Usedom and Joomla