Deckers Brands, owner of Hoka and Ugg, has reported recorded third-quarter sales as its core brands continued to see high global demand.
The company’s net sales for quarter ended December 31 rose 7.1 per cent to $1.958 billion (up 6.8 per cent in constant currency).
At Hoka, net sales soared 18.5 per cent to $628.9 million. Ugg brand net sales increased 4.9 per cent to $1.305 billion.
By geography, US sales saw a modest 2.7 per cent uplift to $1.2 billion, while international sales soared 15 per cent to $756.7 million.
President and CEO Stefano Caroti said the company delivered record revenue and earnings during the quarter, attributed to the “significant global demand” for Ugg and Hoka.
“Our strategic marketplace management fueled balanced growth in DTC and wholesale, inclusive of continued international momentum as well as healthy growth in the US across both channels,” Caroti added. “Ugg and Hoka each delivered high levels of full-price selling, resulting in strong gross margins.”
On the bottom line, operating income grew 8 per cent to $614.4 million, and net income increased 5 per cent to $481.1 million.
For the full year, the company expects net sales to be in the range of $5.4 billion to $5.425 billion, with Hoka increasing by a mid-teens percentage and Ugg growing by a mid-single-digit percentage.