Deckers Brands said that its net sales for the fiscal year 2024 increased by 18.2 per cent to US $ 4.288 billion, driven by double-digit growth in sales at Hoka and Ugg.
For the 12-month period ended 31st March, the business reported that wholesale net sales rose 12.6 per cent to US $ 2.432 billion and direct-to-consumer sales jumped 26.5 per cent to US $ 1.855 billion.
Regionally, sales rose 21.1 per cent to US $ 1.424 billion from overseas and 16.8 per cent to US $ 2.864 billion from domestic sources.
In terms of net sales, Hoka had a boost of 27.9 per cent to US $ 1.807 billion, while Ugg saw a 16.1 per cent increase to US $ 2.239 billion. Teva’s 18.9 per cent net sales decline to US $ 148.5 million and Sanuk’s 33 per cent net sales decline to US $ 25.4 million somewhat offset the increases. Koolaburra made up the majority of the company’s other brands category, which saw a 5.9 per cent increase to US $ 67.9 million.
“Deckers achieved record results during fiscal year 2024, as we delivered revenue growth of 18 per cent and increased earnings per share by 51 per cent, reflecting a continued dedication to maintain exceptional levels of profitability as our brands scale,” said Dave Powers, president and chief executive officer.
Looking ahead, the company said it expects fiscal 2025 net sales to increase approximately 10 per cent to US $ 4.7 billion.
