Deckers Brands posted a better-than-expected net loss of $58.9 million in the seasonally weak first quarter of its financial year, ended June 30, although it was higher than the $47.3 million loss recorded in the year-ago period. The gross margin declined to 43.7 percent from 40.5 percent in the same period of 2014. Revenues were off by 18.4 percent in dollars and by 18.8 percent in local currencies, down to $174.4 million, but analysts had expected them to end up lower. Double-digit declines were recorded for Ugg, Teva and Sanuk. In contrast with its recent strong performance, Hoka One One went up by only 1.8 percent. The management confirmed its projections for the full year. More in Shoe Intelligence and The Outdoor Industry Compass.

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