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Deckers Brands Q4 profits increase 231.2 percent

By FashionUnited

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American footwear and apparel company Deckers Brands said on Thursday its Q4 net profit for 2018 rose. Revenues increased by 8.4 percent from the same period last year.

The company’s net profit for Q4 2018 was 20.6 million US dollars, up from -15.7 million US dollars a year earlier. Revenues increased to 400.7 million US dollars. The profit margin of the company rose to 5.1 percent compared to -4.2 percent a year ago.

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Deckers Outdoor Corporation was founded in 1973 by Doug Otto and is based in Goleta, California, United States. Deckers Brands produces footwear, apparel and accessories developed for both everyday use and high performance activities. The company’s portfolio of brands includes UGG, Koolaburra, Hoka One One, Teva and Sanuk.

Offering footwear, apparel, accessories, the New York-listed company has 3200 employees worldwide and operates about 138 stores.

For more recent news on the business, collections and executive changes of Deckers Outdoor Corporation, click here.

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