EXHIBIT 99.1

EXHIBIT 99.1


For: DECKERS OUTDOOR CORPORATION

Company Contact: Scott Ash
Chief Financial Officer
(805) 967-7611

Investor Relations: Integrated Corporate Relations, Inc.
Chad A. Jacobs/Brendon Frey
(203) 222-9013
FOR IMMEDIATE RELEASE

DECKERS OUTDOOR CORPORATION REPORTS FOURTH QUARTER AND FISCAL YEAR
2002 FINANCIAL RESULTS
-- FOURTH QUARTER REVENUE INCREASES 23% TO A RECORD $25.8 MILLION --
-- REPORTS FOURTH QUARTER DILUTED EPS OF $0.13; EXCEEDING FIRST CALL CONSENSUS
ESTIMATE OF $0.06 --


GOLETA, Calif. (February 27, 2003) -- Deckers Outdoor Corporation (NASDAQ: DECK)
today announced financial results for the fourth quarter and fiscal year ended
December 31, 2002.

For the quarter ended December 31, 2002, net sales increased 23% to a fourth
quarter record of $25.8 million versus $20.9 million in the same period last
year. Net earnings for the quarter increased to $1,363,000, compared to net
earnings of $506,000 last year, and diluted earnings per share increased 160% to
$0.13, versus diluted earnings per share of $0.05 in the fourth quarter of 2001.
The fourth quarter 2002 results included a $168,000 ($0.02 per share) increase
in earnings ($290,000 increase in earnings before income taxes) as a result of
the final settlement of the Yeti litigation during the quarter for $4.0 million,
which was $290,000 less than previously expected. The fourth quarter 2001
results included a $260,000 ($0.02 per share) increase in earnings from the
elimination of a valuation reserve against deferred tax assets.

For the year ended December 31, 2002, net sales increased 8% to $99.1 million
versus $91.5 million in the same period last year. Excluding the litigation
charges of $3.2 million in 2002 and $2.2 million in 2001, the pro forma earnings
before the cumulative effect of accounting change for fiscal year 2002 were
$3,459,000, or $0.35 per diluted share, compared to pro forma net earnings of
$2,887,000, or $0.30 per diluted share, last year. Including the litigation
charges, net earnings before cumulative effect of accounting change for the year
ended December 31, 2002 were $1,620,000, or $0.17 per diluted share, compared to
net earnings of $1,626,000, or $0.17 per diluted share, for the same period last
year.

As previously reported on January 1, 2002, the Company implemented Statement of
Financial Accounting Standards No. 142 ("SFAS 142"), Goodwill and Other
Intangible Assets, which requires that goodwill and intangible assets with
indefinite useful lives no longer be amortized to earnings but instead be
reviewed periodically for impairment. The implementation of SFAS 142 resulted in
a goodwill impairment charge of approximately $9.0 million during the quarter
ended March 31, 2002, which was recorded as a cumulative effect of change in
accounting principle. In addition, SFAS 142 provides that goodwill no longer be
amortized. As a result, the Company recorded no goodwill amortization in the
quarter and year ended December 31, 2002; whereas, the Company had recorded
goodwill amortization of approximately $200,000 and $800,000, respectively,
during the quarter and year ended December 31, 2001.
Douglas Otto, Chairman and CEO stated, "Our strong fourth quarter performance
was a great finish to a very important year for our company. Our ability to
significantly exceed top and bottom line expectations was primarily a function
of strong demand for our Ugg and Teva lines, incremental earnings provided by
the Teva acquisition and improved operating efficiencies."

"Fiscal 2002 represents a milestone year in the history of Deckers, highlighted
by several key accomplishments," Mr. Otto continued. "Strategically, and perhaps
most importantly, we acquired the worldwide rights to Teva, our flagship brand.
Operationally, we streamlined our business and solidified our management team.
On the marketing front we continued our long commitment to supporting the growth
of whitewater and outdoor sports, and financially, we expanded revenues to over
$99 million while improving our expense leverage."

Teva sales for the year were $65.1 million compared to $61.2 million last year.
Ugg sales for the year increased 24% to a record level of $23.8 million from
$19.2 million, and Simple sales were $10.2 million compared to $10.9 million for
the same period last year.

"Prior to our acquisition of Teva we had been limited in our ability to fully
exploit the true potential of Teva," further commented Mr. Otto. "With our
purchase of Teva now complete, we look forward to unlocking the power of the
brand as we continue to expand Teva into new outdoor footwear categories and
pursue licensing opportunities outside of footwear. In 2002, Teva continued to
dominate the sport sandal category while, at the same time, successfully
leveraged into the broader $2 billion rugged outdoor footwear market with the
introduction of new product in the hiking, trailrunning, specialty water and
rugged outdoor categories. The positive early results from our new category
introductions reflect the strength of the Teva name and the true lifestyle
nature of the brand."

Mr. Otto stated, "Ugg recorded its fifth consecutive year of double digit growth
in 2002, further establishing its dominance as the world's premier luxury
sheepskin brand. Fueled by national expansion and increased exposure in accounts
like Nordstrom and Sports Chalet, as well as new penetration in Herrington
Catalog, Neiman Marcus and Victoria's Secret, Ugg continues to become a more
meaningful contributor to our revenue stream, while providing a strong balance
to the seasonality of the Teva spring business. Going forward, we will look to
build on the momentum we have created as we continue our strategies for product
diversification and geographical expansion as well as product extensions through
licensing or other arrangements."

"The hard work devoted to Simple over the past several years was reflected in
the brand's retail performance in 2002, where domestic net sales were up 8% over
last year," continued Mr. Otto. "We believe Simple's brand equity has favorably
endured its repositioning and has re-emerged as a viable alternative in the
young adult market. This year we will focus on expanding the brand's product
offerings, growing an athletically inspired business and providing a re-emphasis
on the international markets."

Deckers also increased its guidance for 2003. The Company currently anticipates
sales to range from $101 million to $106 million and diluted earnings per share
will range from $0.41 to $0.46. For the first quarter ending March 31, 2003, the
Company currently expects sales to range from $34 million to $36 million and
diluted earnings per share to range between $0.28 and $0.30.
Mr. Otto concluded, "In fiscal 2002, we acquired the Teva brand and took a
number of steps to improve our operations and truly set the stage for the
future. We move forward with a strong portfolio of lifestyle niche brands and a
heightened sense of enthusiasm about our business. We remain dedicated to
maximizing the many opportunities for our brands that lie ahead."

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. The Company's products are offered under the Teva, Simple and Ugg
brand names.

*This press release contains a number of forward looking statements, such as the
Company's estimates regarding sales and earnings per share results for the
quarter ending March 31, 2003 and for the year ending December 31, 2003, as well
as its statements regarding the potential for success in expansion into new
footwear categories and the potential for future licensing opportunities. These
forward-looking statements are based on the Company's expectations as of today,
February 27, 2003. No one should assume that any forward-looking statement made
by the Company will remain consistent with the Company's expectations after the
date the forward-looking statement is made. The Company intends to continue its
practice of not updating forward-looking statements until its next quarterly
results announcement. In addition, such forward-looking statements involve known
and unknown risks, uncertainties and other factors that may cause the actual
results, performance or achievements of the Company, or industry results, to
differ materially from any future results, performance or achievements expressed
or implied by such forward-looking statements. Many of the risks, uncertainties
and other factors are discussed in detail in the Company's Annual Report on Form
10-K for the fiscal year ended December 31, 2001. Among the factors which could
impact results are the general economic conditions and strength or weakness in
the retail environments in which the Company's products are sold. In addition,
the Company's sales are highly dependent on consumer preferences, which are
difficult to assess and can shift rapidly. Any shift in consumer preferences
away from one or more of the Company's product lines could result in lower sales
as well as obsolete inventory, both of which could adversely affect the
Company's results of operations, financial condition and cash flows. The Company
is also dependent on its customers continuing to carry and promote its various
lines. Availability of products can also affect the Company's ability to meet
its customers' orders. Sales of the Company's products, particularly those under
the Teva(R) and Ugg(R) lines, are very sensitive to weather conditions.
Extended periods of unusually cold weather during the spring and summer could
adversely impact demand for the Company's Teva(R) line. Likewise,
unseasonably warm weather during the fall and winter months could adversely
impact demand for the Company's Ugg(R) product line. Given these
uncertainties, prospective investors are cautioned not to place undue reliance
on such forward-looking statements. 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 2001 Annual Report on
Form 10-K, the Quarterly Reports on Form 10-Q or this news release.



(Tables to follow)
DECKERS OUTDOOR CORPORATION
AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(UNAUDITED)