1、2015 ANNUAL REPORT2015 ANNUAL REPORT 2015 Shareholder Letter Dear Fellow Shareholders,In the future when we reflect on fiscal 2015,I am confident that it will be viewed as an important inflection point in the evolution of our Company.As a result of the investments we have made in product innovation,
2、marketing and technology,the connection between our brands and consumers has never been stronger.At the same time,our business has become more diversified in terms of collections,channels and geographies.Our focus on the consumer and on diversifying has created the most compelling opportunities for
3、growth in the Companys forty-year history.With great teams in place across the organization and an enhanced global infrastructure,the stage is set for us to take Deckers Brands to the next level.Our recent success can be measured quantitatively as well.In fiscal 2015,we grew sales nearly 15%to a rec
4、ord$1.8 billion highlighted by double digit growth for the UGG,Teva,Sanuk and HOKA ONE ONE brands and a 7.8%increase in Direct-To-Consumer(DTC)comparable sales.We also expanded earnings per share nearly 15%to$4.66,while simultaneously investing in strategic initiatives that we believe will drive sus
5、tained growth and increased profitability over the long-term.We ended fiscal 2015 in a very strong financial position with over$225 million in cash,even after buying back 1.4 million shares of our common stock for$107 million during the year.Further underscoring our commitment to generating sharehol
6、der value,the board of directors authorized another$200 million share repurchase program in January.Our Brands Our brands are now more strategic than ever in how they develop product.For the UGG brand,we have successfully evolved the lifestyle nature of the brand by building on the strong foundation