California-based footwear designer and distributor Deckers Brands has registered an operating income of $70.7 million in its latest quarter.
The company’s portfolio of brands includes Ugg, Hoka, Teva, Sanuk, and Koolaburra which are sold in more than 50 countries through select department and specialty stores and online.
For the quarter ended June 30, net sales grew 10 per cent to $675.8 million with wholesale net sales of $425.4 million and DTC sales of $250.4 million, up 35.3 per cent.
Except for Hoka, all brands reported a sales decline during the quarter. Hoka’s net sales increased 27.4 per cent to $420.5 million.
Ugg brand sales fell 6 per cent to $195.5 million while Tevan sales fell 18.8 per cent to $48.4 million. Sanuk sales also decreased 32.3 per cent to $9.6 million.
Dave Powers, president and CEO of Deckers Brands, said the company’s strategic focus is to grow its direct-to-consumer channel and build its presence within international markets.
“Combined with our disciplined brand marketplace management and nimble operating model, this approach underscores our confidence to achieve our increased full-year outlook and drive long-term success for our brands.”