Uggs Regains Its Fashion Footing

  • April 24, 2009
Looks like the fashionistas were right when they pronounced Uggs as "so over they are hot again." Deckers Outdoor Corp. says its net sales jumped 37.6% in the first quarter to $134.2 million, fueled by a 66.9% increase in Ugg sales, exceeding the company's expectations.

Sales of its Teva footwear, however, declined 5.7%. The Goleta, Calif.-based company says net income for the quarter gained to $12.4 million, from $11.3 million in the same period of last year. The company says it continues to anticipate strong demand for Uggs, and raised its sales projections for both second quarter and the year ahead.--Sarah Mahoney

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