Deckers Brands reported that first-quarter sales increased 22.1 per cent to US $ 825.3 million due to double-digit growth in every country.
For the first fiscal quarter that concluded on 30th June 2024, the brand reported that wholesale net sales rose 21 per cent to US $ 514.8 million, while direct-to-consumer net sales jumped 24 per cent to US $ 310.6 million.
The multinational footwear company had a 23 per cent increase in domestic net sales to US $ 515.9 million and a 20.8 per cent increase in foreign net sales to US $ 309.5 million by region.
Sales of the Hoka brand, which climbed by 29.7 per cent to US $ 545.2 million, rivalled Ugg’s 14 per cent gain to US $ 223 million. The improvements were countered by a 4.3 per cent decline in Teva’s net sales and a 28.4 per cent decline at Sanuk. Sales of other brands, which are mostly made up of Koolaburra, rose 123.5 per cent to US $ 4.0 million.
“As this is my last quarter to report as CEO, I am pleased to share these strong results to kick-off fiscal year 2025,” said Dave Powers, president and chief executive officer.
Looking ahead, Deckers Brands said it expects net sales to increase approximately 10 per cent to US $ 4.7 billion for the full year.
