business contributed for the brand’s ou Corum tperformance
Deckers Outdoor Corporation announced financial recent results for the 2nd quarter ended June 30, 2008.Deckers also announced that hot weather conducted an impairment evaluation with the Teva trademarks intangible asset on its condensed consolidated balance sheet. Good eating habits study the evaluation, the firm wrote on the valuation on the intangible asset and recorded a noncash, pretax management of $14.9 million with the second quarter.Angel U-Boat l Martinez, President, Chief Executive Officer and Chairman on the Board of Directors, stated, “The positive momentum how the UGG brand experienced at the outset of all four continued straight into the second quarter which allowed us to one more time exceed expectations. A significant rise in fall orders both domestically and overseas, mixed with solid sellthrough of spring product in our direct to consumer business contributed for the brand’s ou Corum tperformance. The really challenging retail environment for your Teva brand contributed to your wherewithal to support an area of your worth of the Teva trademarks on our balance sheet for accounting purposes. However, due to the circumstances and compared to our competition, i am still encouraged with the Teva brand’s results, as sales rose modestly driven by increased shelf space at retail and consumer need for several new styles from your spri Longines watches ng collection. As well, Simple brand sales increased and continued to profit from strong sellthrough of your spring 2008 production, increased distribution, and enhanced knowing the emblem. We also recently announced a number of important initiatives we believe will strengthen our market position and enhance our global prospects, namely the purchase of TSUBO, LLC, two new UGG brand concept stores opening while in the U.K. and our jointventure in Romain Jerome China to the UGG brand. As soon as we move into the back half the majority, we remain very confident about our prospects evidenced by our heightened outlook to the UGG brand and our increased sales and earnings expectations for 2008.”Division Summary:UGG:UGG brand net sales for your second quarter increased 130.6% to $60.6 000 0000 in comparison with $26.3 million for the very same period last year. The running sales gain was primarily thanks to an increase in global shipments of fall product versus the identical period recently.Teva:Teva brand net sales increased 4.8% to $25.Two million for any second quarter as compared to $24.1 million for similar period not too long ago. A compelling fillin business for key spring styles helped offset less prebook schedule as retailers were cautious using future orders through spring season.Simple:Simple brand net sales for those second quarter increased 94.0% to $4.7 million compared to $2.4 million for the same period recently. The rise was driven by strong sellthrough of one’s entire spring products plus the original orders of PlanetWalkers shipping for that collection’s launch during the third quarter.1 2 More Deckers Outdoor Corporation .
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