Columbia, Deckers, True Religion earnings roundup

Columbia Sportswear, Deckers Outdoor Corporation and True Religion reported earnings this afternoon.

Here’s a roundup of their results that gives a sense if consumers are spending on discretionary items these days.

Columbia Sportswear 

Columbia recorded a sales increase but its loss widened.

Total net sales: up 21% to $268 million

Gross margin: down to 41.9% vs. the same period last year

Net loss: $13.6 million vs. $10.6 million

Columbia brand: up 20% to $239.1 million

Mountain Hardwear brand: up 24% to $22.7 million

Sorel brand: up 106% to $3.7 million

Sportswear sales: up 12% to $136.2 million

Outerwear sales: up 43% to $62.1 million

Footwear sales: up 29% to $50 million

Accessories and equipment: up 11% to $19.7 million

Deckers Outdoor Corporation

Deckers recorded a larger than expected sales increase, which led to a smaller net loss than expected.

Net sales: up 12.5% to $154.2 million

Gross Margins: 42.7% vs. 44.3% the same period last year

Net loss: $7.5 million. The bottom line was impacted by costs of converting from a distributor to wholesale model in the U.K. and Benelux. However, net loss was less than expected.

UGG brand: up 8% to $108.3 million

Teva brand: up 29.1% to $40.3 million

Retail sales: up 102.2% to $20.1 million. Same store sales up 23.6%

Ecommerce: up 10.3% to $5.7 million

Full year guidance: Deckers upped its estimate to a revenue increase of 26% for the year from a previous prediction of a 21% increase. Sanuk should add in the low $20 million range to revenues in the second half. Earnings per share should increase 17% from 2010 vs. the previous guidance of a 13% increase.

See Page 2 for True Religion

True Religion 

True Religion saw a substantial increase in sales, which were boosted by increased direct sales.

Net sales: up 19.6% to $98.3 million

Direct sales: up 41.6% to $58.8 million. Same store sales increased 14.8%. The company operates a total of 102 stores.

Wholesales sales: declined 18.2% to $21 million, largely to the difficult denim business at department stores.

Gross margins: increased to 65.5% due to sales shifting to company owned stores.

Net income: $9.4 million vs. $7.5 million the same period last year.