Teva's sales rose by 7.3 percent to $14.7 million in the third quarter, aided in part by a wider range of products and by the takeover of the distribution in the U.K. and the Benelux countries by its parent company, Deckers Outdoor Corporation. While the brand experienced higher shipments of closed-toe footwear, reorders for its sandals declined in the U.S. A 47.3 percent in Ugg's sales and a contribution of $15.6 million for Sanuk, the action sports brand acquired on July 1, helped to boost Deckers' total revenues by 49.1 percent to $414.4 million for the quarter, with increases of 26 percent in the U.S. and 114 percent in the rest of the world. The company's gross margin improved by 1.8 percentage points to 49 percent, despite a 10 percent increase in input costs, and its net income increased by 48.5 percent to $62.3 million (more in Shoe Intelligence).
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