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Decker gross margin improves

For fiscal 2017, Decker Brands has reported gross margin of 46.7 per cent compared to 45.2 per cent last year.

Non-GAAP gross margin was 46.7 per cent compared to 45.4 per cent last year. The year over year increase in gross margin was primarily due to lower input costs and supply chain efficiencies, partially offset by foreign exchange headwinds.

The company's SG&A expenses as a percentage of sales were 46.8 per cent compared to 36.5 per cent last year. Non-GAAP SG&A expenses as a percentage of sales were 37.4 per cent compared to 35 per cent last year.

There was a 4.5 per cent decline in net sales compared to last year. On a constant currency basis, net sales decreased 4.1 per cent.

Over the course of the last year, the organisation has been hard at work identifying margin enhancing initiatives and detailing plans that significantly improve the profitability of the company. It anticipates that the 150 million dollar cumulative savings plan announced in February 2017 will drive a 100 million dollar operating profit improvement by fiscal year 2020.

It is confident these improvements will drive a significant increase in shareholder value over the long-term.

The company’s fiscal year 2018 outlook includes targeted savings which are expected to result in over 17 million dollars of operating profit improvement. Its gross margin is expected to be approximately 47.5 per cent while net sales might be in the range of down two per cent to flat.

 
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