45 to $2.55

Deckers Outdoor Corporation (NASDAQ: DECK) today announced record
financial results for the fourth quarter and fiscal year ended
December 31, 2004.7 million a year ago.

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5 million last year, and income per
diluted share increased 279% to $0.9 million last year; and, Simple net sales
increased 34% to $10. We continued to experience phenomenal
growth for our entire line of UGG footwear, led by boots, slippers,
and casual footwear.70. The
Company intends to continue its practice of not updating projections
until its next quarterly results announcement.

DECKERS OUTDOOR CORPORATION
AND SUBSIDIARIES
Condensed Consolidated Balance Sheets
(Unaudited)


December 31, December 31,
Assets 2004 2003
-------- ---- ------------

Current assets:
Cash and cash equivalents $ 25,854,000 6,662,000
Trade accounts receivable, net 41,957,000 18,745,000
Inventories 30,260,000 18,004,000
Prepaid expenses and other current assets 1,491,000 694,000
Deferred tax assets 3,240,000 2,137,000
------------ ------------
Total current assets 102,802,000 46,242,000

Property and equipment, at cost, net 2,838,000 2,969,000
Intangible assets, less applicable
amortization 70,319,000 70,572,000
Other assets 592,000 1 ,243,000
------------ ------------

$176,551,000 121,026,000
============ ============

Liabilities and Stockholders' Equity

Current liabilities:
Notes payable and current installments of
long-term debt $ ----- 3,792,000
Trade accounts payable 16,524,000 11,220,000
Accrued expenses 9,699,000 4,959,000
Income taxes payable 6,725,000 3,468,000
------------ ---- --------
Total current liabilities 32,948,000 23,439,000
------------ ------------

Long-term debt, less current installments ----- 26,495,000
Deferred tax liabilities-noncurrent 2,607,000 568,000

Stockholders' equity:
Preferred stock ----- --- --
Common stock 122,000 97,000
Additional paid-in capital 71,959,000 27,115,000
Retained earnings 68,591,000 43,052,000
Accumulated other comprehensive income 324,000 260,000
------------ ------------
Total stockholders' equity 140,996,000 70,524,000
------------ ----- -------

$176,551,000 121,026,000
============ ============

DECKERS OUTDOOR CORPORATION
AND SUBSIDIARIES
Condensed Consolidated Statements of Income
(Unaudited)


Three-month period ended Year ended
December 31, December 31,
------------------------ --------------------------
2004 2003 2004 2003
----------- ----------- ------------ ------------

Net sales $74,172,000 35,717,000 214,787,000 121,055,000
Cost of sales 45,286,000 21,946,000 124,354,000 69,710,000
----------- -- --------- ------------ ------------
Gross profit 28,886,000 13,771,000 90,433,000 51 ,345,000

Selling, general
and administrative
expenses 14,684,000 8,880,000 47,971,000 32,407,000
Litigation income ----- ----- ----- (500,000 )
----------- ----------- ------------ ------------
Net income from
operations 14,202,000 4,891,000 42,462,000 19,438,000

Other expense
(income ):
Interest, net (25,000) 1,145,000 2,236,000 4,557,000
Other 3,000 12,000 3,000 (3,000)
----------- ----------- -- ---------- ------------
Net income before
income taxes 14,224,000 3,734,000 40,223 ,000 14,884,000

Income taxes 4,976,000 1,270,000 14,684,000 5,730,000
----------- ----------- ------------ ------------

Net income 9,248 ,000 2,464,000 25,539,000 9,154,000

Less preferred
stock redemption
premium ----- (438,000) ----- (438,000)
----------- ---- ------- ------------ ------------

Income applicable
to common
stockholders $ 9,248 ,000 2,026,000 25,539,000 8,716,000
=========== =========== ============ ============

Net income per
share:
Basic $ 0.

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2
million versus $36 . The Company currently expects annual
net sales in 2005 to be approximately $97 to $100 million for Teva,
$13 to $15 million for Simple and $140 to $145 million for UGG. Our success throughout the year was directly attributable to
our powerful portfolio of leading niche brands and the hard work and
dedication of our outstanding team. And while we are proud of what we
have accomplished to date, we believe that many opportunities still
lie ahead.19 2.

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clothesoffourback. Net income
increased 179% to $25.
Chief Executive Officer, Doug Otto, stated, "We are extremely
pleased with our record fourth quarter performance as robust demand
for UGG footwear, coupled with improved deliveries from the factories
and strong retail sell-throughs, allowed us to once again exceed
expectations . Importantly, based on feedback from retailers at the
recent WSA Shoe Show we expect this positive trend for UGG to continue
going forward.21 2.

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Auction items include:

-- Alan Alda's Zegna Academy Award Tuxedo

-- Tyra Banks' Elie Saab Golden Globe Gown

-- Cate Blanchett's Judith Leiber Academy Award Handbag

-- Amy Brenneman's Liz Lange Academy Award Gown

-- Cedric the Entertainer's Costume from BE COOL

-- Kristin Chenoweth 's Carmen Marc Valvo SAG Gown

-- Leonardo DiCaprio's Prada BAFTA Tuxedo

-- Minnie Driver's Randolph Duke Golden Globe Gown + Chopard Golden Globe
Gift Bag Watch

-- Morgan Freeman's Versace Tuxedo from the 67th Annual Academy Awards

-- Michel Gondry 's Taryn Rose Academy Award Shoes

-- Official 47th GRAMMY Awards Telecast Jacket

-- Taylor Hackford's Taryn Rose Academy Award Shoes

-- Randy Jackson's Hilfiger Grammy Suit

-- Jimmy Jam's Stetson Grammy Hat

-- Jane Kaczmarek's Gucci SAG Sunglasses + Elini Emmy Gift Bag Watch

-- Diane Keaton's Richard Tyler Suit

-- Carson Kressley 's Ralph Lauren Golden Globe Tuxedo

-- Anthony LaPaglia's SAG Nominee Gift Bag

-- Virginia Madsen's Jimmy Choo Academy Award Shoes

-- Mark McGrath's Holland ESQ Grammy Suit

-- Christina Milian's Sue Wong People's Choice Award Gown and Costume
from BE COOL

-- Catalina Sandino Moreno's Katherine Baumann Academy Award Handbag

-- Sarah Jessica Parker's Vivienne Westwood Pants from "Sex and the City"

-- George Pennacchio 's Academy Award Vest

-- Taryn Rose Celebrity Autographed Shoes

-- Joss Stone 's MoMo FaLana Grammy Gown

-- Daniel Swarovski Handbag

-- Vince Vaughn's Costume from BE COOL

-- Visconti Pen used by celebrities to autograph Taryn Rose shoes

-- Bradley Whitford's Emporio Armani SAG Sunglasses + Elini Emmy Gift Bag
Watch

-- Robin Williams' Armani Golden Globe Tuxedo


Additional celebrity donations will be added throughout the week.

Business Editors

GOLETA, Calif.

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org.2 million versus $35 . Otto further commented, "Looking ahead, we are extremely
confident about our business both for the first half and second half
of fiscal 2005. and
abroad.

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newscom. Nearly 150 celebrities have participated in
Clothes Off Our Back auctions since its inception in 2002 helping raise
hundreds of thousands of dollars for various children's charities.19 in the fourth quarter of 2003.5 million, or $2."
"During the year, we also took a number of important steps to
improve our balance sheet and better position the company for the
long-term," continued Mr. Our Fall 2005 UGG
orders are coming in strong, once again led by our Classic and Ultra
boots and slipper collection, as well as demand for our newly
introduced cold weather, waterproof, Gortex (R) products and our
Metropolitan category which combines sheepskin with high grade suedes
and leathers.45 to $2.15 to $2.

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Net sales for the Internet and catalog retailing business, which are
included in the brand sales numbers above , aggregated approximately
$19. Otto further stated, "During fiscal 2004, we experienced solid
growth in all three brands and made tremendous strides to expand the
breadth, depth and reach of each of our product lines. For Teva, our Spring business is off to a great start
and we expect another record season in 2005. The Company disclaims
any obligation to update any such factors or to publicly announce the
results of any revisions to any of the forward-looking statements
contained in the Company 's Annual Report on Form 10-K/A for the fiscal
year ended December 31, 2003, the Company's subsequent Quarterly
Reports on Form 10-Q or this news release.

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The items are put up for bid to the public -
all in the name of charity.1 million last year.5
million in 2003; UGG net sales in 2004 increased 215% to $116. Otto concluded, "Fiscal 2004 was an extraordinary year for
Deckers on a number of different levels. These forward-looking statements are
inherently uncertain and are based on the Company's expectations as of
today, February 24, 2005.72 0.

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2 million, or $0.77 per diluted share last year. We are confident we are on the right track with
Simple and that our new product and distribution initiatives will
provide further growth opportunities going forward. In addition, such forward-looking statements
involve known and unknown risks, uncertainties and other factors that
may cause the actual results to differ materially from those expressed
or implied by such forward-looking statements .10 0.77
=========== =========== ============ ============

Weighted -average
shares:
Basic 11,894,000 9,693,000 11,005,000 9,610,000
Diluted 12,817,000 10,889,000 12,142,000 11,880,000
=========== =========== ============ ============

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, The Clothes Off Our Back
Foundation is proud to kick off their award show fashion extravaganza with
clothing and accessories from the top celebrities, award shows and costumes
from the BE COOL movie, now up for auction to benefit charity."
Mr. Financially, we consistently
outperformed expectations for sales and profits; strategically we
expanded the lifestyle status of our brands; and operationally we
continued to leverage our brands while setting the path for future
growth.

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7 million in the same period
last year.

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clothesoffourback.org for updates and new auctions.02 related to
the repurchase of preferred stock and the repayment of subordinated
debt during the quarter. The successful launch of UGG licensed handbags
and outerwear in 2004 , as well as the 2005 introduction of UGG
licensed cold weather accessories, provides the ideal complement to
our footwear products and significantly enhances the true lifestyle
nature of the brand."
Deckers also increased its guidance for 2005.55, up from the
previous guidance of $220 million to $230 million and $2.S.

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Continue to check http://www.

For more information and to participate, please contact:
Michel Schneider
Clothes Off Our Back
(818) 753-2404
mschneider@clothesoffourback .72, versus income per diluted share
of $0. Otto.

All statements in this press release that are not historical facts
are forward-looking statements, including the Company's estimates
regarding sales and income per share results for the first quarter of
2005, and for the full year ending December 31, 2005, as well as
statements regarding expected demand for UGG in 2005, the company's
overall momentum going into 2005, the growth potential for licensed
products, growth opportunities for the Company and its brands, the
Company's confidence in its business for the first and second half of
fiscal 2005, the expectations regarding the Spring 2005 Teva and Ugg
business, and the ability to evolve UGG into a luxury consumer
lifestyle brand, among others.; the
risk that our manufacturers , suppliers or licensees might fail to
conform to labor laws or to our ethical standards; the need to secure
sufficient and affordable sources of raw materials; our reliance on
licensing partners to expand our business; the challenge of managing
our brands for growth; currency risk; delays and unexpected costs that
can result from customs regulations; the sensitivity of our sales,
particularly of the Teva(R) and UGG(R) brands, to seasonal and weather
factors; our reliance on independent distributors in international
markets; legal compliance challenges and political and economic risk
in our international markets; the potential impact of litigation; the
effect of consolidations and restructurings on our customers in the
footwear industry; intense competition within the footwear industry;
and the threat that terrorism could disrupt commerce in the U.

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Deckers Outdoor Corporation Reports Record Fourth Quarter and Fiscal Year 2004 Financial Results

These results represent a tremendous
ending to an outstanding year for our Company and we are excited as
this momentum continues into 2005.9 million for the year ended December 31, 2004, up 206% from $6.32 0.

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About Clothes Off Our Back
Founded by Jane Kaczmarek and Bradley Whitford, the Clothes Off Our Back
Foundation works with celebrities, designers and high profile individuals to
share their good fortune and donate clothing and accessories for auction to
benefit children's charities. Income per diluted share for
the fourth quarter of 2003 was negatively impacted by $0. UGG was also named Brand of the Year by Footwear
Plus and was recognized with the ACE Award for the "it" accessory of
the year by the Accessories Counsel, both tremendous honors. The Company's products
are offered under the Teva(R), Simple(R) and Ugg(R) brand names, which
are also its registered trademarks.

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2 million,
compared to net income of $2. We move forward with a clear and compelling growth strategy
and an organization committed to delivering substantial value to our
shareholders.

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----Deckers Outdoor
Corporation (NASDAQ: DECK )

Fourth Quarter Revenue Increases 108% to a Record $74.10 per diluted share, compared
to net income of $9.
Mr.S. Given these uncertainties, prospective investors are cautioned
not to place undue reliance on such forward-looking statements.

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Celebrities Donate Clothing and Accessories from the BE COOL Movie, Academy
Awards, BAFTA Awards, Screen Actors Guild Awards, Grammy Awards, Golden Globes
and More to Benefit the Children's Defense Fund, Smile Train, Cure Autism Now
and the UNICEF Tsunami Relief Fund

Items from Cate Blanchett, Leonardo DiCaprio , Vince Vaughn, Virginia Madsen,
Robin Williams, Sarah Jessica Parker, Jane Kaczmarek, Bradley Whitford and
More!

LOS ANGELES, Calif. Net income for the quarter rose 275% to $9.
Throughout 2004 we witnessed a resurgence of Simple in the
marketplace, including strong performances by the brand's clog and
sneaker offerings.25
per diluted share, respectively . Many of the risks,
uncertainties and other factors are discussed in detail in the
Company's Annual Report on Form 10-K/A for the fiscal year ended
December 31, 2003.

Retailers of leather apparel.

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Clothes Off Our Back Announces Award Show Fashion Extravaganza

"

Deckers Outdoor Corporation builds niche products into global
lifestyle brands by designing and marketing innovative, functional and
fashion-oriented footwear developed for both high performance outdoor
activities and everyday casual lifestyle use.

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72

Raises Fiscal 2005 EPS Guidance to a Range of $2. We will continue to expand our product offerings into
additional footwear categories and new licensed products in order to
build on UGG's growing status in the luxury goods market. For
the first quarter ending March 31, 2005, the Company currently expects
sales to range from $63 million to $65 million and income per diluted
share to range from $0.

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(Photo: http://www.68 to $0.78 0.

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For the year ended December 31, 2004, net sales increased 77% to a
record $214.8 million versus $121.3 million compared to $7.
Mr. "This was highlighted by our
successful secondary offering of Deckers common stock in May which
allowed us to repay all of our outstanding loans associated with our
acquisition of Teva and end fiscal 2004 free of long term debt and
with more than $25 million of cash. The Company now
expects net sales to range from $250 million to $260 million and
income per diluted share to range from $2.

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Bidding and
additional information can be found at http://www.org

In addition , we were able to further leverage our fixed
costs to drive significant gains in operating income and income per
share for the fourth quarter."
Including sales from both the wholesale divisions and the Internet
and catalog retailing business, Teva net sales for the year ended
December 31 , 2004 increased 15% to a record $88.5
million for 2003. Among the factors which could affect our financial
condition and results of operations are the following: our ability to
anticipate fashion trends; whether the UGG brand will continue to grow
at the rate it has experienced in the recent past; possible shortages
in top grade sheepskin or interruption in the supply of other
materials , which could interrupt product manufacturing and increase
product costs; the risk that our licensees will perform under their
licenses; the risk that we are unable to accurately forecast consumer
demand; the sensitivity of the footwear industry to changes in general
economic conditions; whether we are successful in continuing to
implement our growth strategy; the success of our customers; our
ability to protect our intellectual property; our ability to develop
and patent new technologies as our existing patents expire; the
difficulty of matching inventory to future customer demand; the risk
that counterfeiting can harm our sales or our brand image; our
dependence on independent manufacturers to supply our products; the
availability of products, which can affect our ability to fulfill our
customers' orders; the risk that raw materials do not meet our
specifications or that the prices of raw materials may increase, which
would potentially cause a high return rate, a loss of sales or a
reduction in our gross margins; risks of international commerce
resulting from our reliance on manufacturers outside the U.

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com/cgi-bin/prnh/20050304/LAFRU8 )

Clothing, shoes, handbags , watches, gift bags, costumes and other
celebrity items are up for bid. The online
auctions will be powered by cMarket of Cambridge, Massachusetts.2
Million

Fourth Quarter Diluted EPS Increases 279% to a Record $0.
For the quarter ended December 31, 2004, net sales increased 108 %
to a record of $74.2 million from $76. This was
evident in Teva's continued strength in the sport sandal category and
growing thong and slide business, combined with the ongoing
development of closed toe product to reach the much broader overall
rugged outdoor footwear market. At the same time, the
first half of 2005 for UGG will include both carryover of Fall 2004
products as well as the shipment of UGG's first ever Spring line, with
deliveries beginning in the first quarter of 2005.91
Diluted 0.

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---

- - kjjkjk

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