Deckers steps up sales to $1.4B
Goleta-based Deckers Outdoor Corp., parent of the Ugg Australia boot brand, increased its sales 38 percent to nearly $1.4 billion in 2011 and boosted net income 25 percent $201.8 million.
In an earnings release on Feb. 23, Deckers said it notched a huge boost in international sales, which were up 82.4 percent to $432.2 million for the calendar year. The company also disclosed that it paid $20 million for the land for the new headquarters it is building in Goleta.
Deckers’ brands include Ugg, Teva sandals and Sanuk, the Orange County sandal brand it acquired last year. The Ugg brand – which includes the company’s iconic sheepskin boot – continued to be a strong performer, expanding sales 37.6 percent to $1.2 billion. The company said the increase was mostly due to higher sales in Britain and Northern Europe.
The company also said it had settled its trademark infringement lawsuit against California-based Bearpaw. Deckers had alleged the company was copying design of its boots. Among its issues with the Bearpaw boots: The license plate tag on the heel bearing the company’s name, exaggerated stitching and exposed shearling boot lining, all of which Deckers says are too close to its own designs. The company did not release any details of the settlement.
Deckers’ shares were up about 2 percent to $90.21 after the earnings news.