Deckers Brands has reported a double-digit sales growth for the first quarter, fueled by a significant increase in international sales and better-than-expected performance of its core brands Hoka and Ugg.
For the quarter ended June 30, the company’s net sales jumped 16.9 per cent to $964.5 million, with Hoka sales up 19.8 per cent and Ugg up 18.9 per cent.
Domestic sales for the quarter fell 2.8 per cent to $501.3 million while international sales soared 49.7 per cent to $463.3 million.
Operating income increased from $132.8 million in the year-ago period to $165.3 million, and net income rose from $115.6 million to $139.2 million.
The company only provided guidance for the second quarter due to uncertainty from evolving global trade policy and related macroeconomic pressures. Net sales for the three months to September 30 are forecast to be in the range of $1.38 billion to $1.42 billion.
“Though uncertainty remains elevated in the global trade environment, our confidence in our brands has not changed, and the long-term opportunities ahead are significant,” said president and CEO Stefano Caroti.
“We will lean on the fundamental strengths of our powerful operating model as we continue executing our strategy.”
Last year, Deckers Brands’ sales increased 16.3 per cent to $4.986 billion.