Deckers Brands has reached a record revenue of $1.092 billion thanks to a 25 per cent increase during the second quarter ended September 30.
“The strength of demand for our Hoka and Ugg brands continued to drive exceptional performance, producing record revenue and earnings for Deckers in both the second quarter and first half of fiscal year 2024,” said Dave Powers, president and CEO.
Fashion brand Ugg saw net sales increase 28.1 per cent to $610.5 million, while performance lifestyle brand Hoka’s sales jumped 27.3 per cent to $424 million.
Teva and Sanuk’s net sales were up 28.4 per cent and 28.5 per cent to $21.5 million and $5.4 million, respectively. Other brands, primarily composed of Koolaburra, posted a 7.2 per cent increase to $30.6 million.
By channel, direct-to-consumer net sales rose 38.8 per cent to $331.7 million, while wholesale increased 19.4 per cent to $760.2 million.
Domestic net sales increased 21.1 per cent to $748.0 million, and international net sales were up 33.3 per cent to $343.9 million.
“We are focused on maintaining the integrity of our healthy brands to deliver the results detailed in our increased outlook, while remaining aligned with long-term objectives,” Powers said.
For the full FY24, the company expects net sales to be $4.025 billion.
Deckers Brands designs, markets, and distributes innovative footwear, apparel, and accessories, with products sold in more than 50 countries and territories.
