Deckers Brands sees sales jump 78%

Translated by

Clementine Martin

Published on

Jul 30, 2021

The California footwear, accessories and clothing group’s revenues reached $ 504.7 million (425.54 million euros) in the first quarter and increased 78.2% year-on-year. At the same time last year, they stood at $ 283.2 million (€ 238.78 million). All the brands in the company’s portfolio showed good growth, with a total increase of 76.1% excluding currency effects.

Hoka brand has one of the strongest gains of the quarter – Instagram: @hokaoneone

In the first quarter ended June 30, 2021, the hugely popular running shoe brand Hoka One One saw sales soar 95.5% year-over-year to $ 213.1 million ($ 179.68 million). ‘euros), while the Ugg brand recorded a 70.8% increase in sales to 213 million dollars (179.59 million euros).

Sandal brand Teva is experiencing similar growth, achieving sales up 65.9% to $ 58.5 million (49.32 million euros), while casual footwear label Sanuk achieves growth of 13 , 7% of its sales with 15 million dollars (12.65 million euros). The company’s “other brands” department, which includes its Koolaburra brand, has quarterly net sales of $ 5 million (4.22 million euros), a spectacular increase of 435.9% over the previous year. last year.

By distribution channel, the wholesale jumped with a growth of 140.2% of its revenues to 344.3 million dollars (290.3 million euros). With 160.4 million dollars (135.24 million euros) against 139.8 million dollars (117.87 million euros) in the same period the previous year, direct sales increased by 14 , 7%.

In the United States, revenue for the quarter was $ 336.1 million (€ 283.38 million), up 82.3% year-over-year. Abroad, the increase is 70.5% with 168.6 million dollars (142.16 million euros).

Deckers reported quarterly net profit of $ 48.1 million (40.56 million euros), compared to losses of $ 8 million (6.75 million euros) in the same period last year. Diluted earnings per share stand at 1.71 dollars (1.44 euros) against losses of 0.28 dollars (0.24 euros) per share last year.

“Our entire brand portfolio has had a good start to fiscal 2022, making Deckers its most profitable quarter to date,” said company president and CEO Dave Powers in a statement. “Macroeconomic turmoil continues to affect our supply chain, but we believe in the attractiveness of our brands to customers and the resilience of our global omnichannel organization. We remain fully engaged in the long-term strategies that make the success of Deckers “.

Currently, Deckers expects annual net sales of between $ 3.010 billion and $ 3.060 billion (2.54 billion euros and 2.58 billion euros). Diluted annual earnings per share are expected to be between $ 14.45 and $ 15.10 ($ 12.18 and 12.73).

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