Deckers “exceeds expectations” yet again - sportstextiles: Lea SportsTextiles

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Deckers “exceeds expectations” yet again

01/06/2018
Footwear group Deckers has reported net sales of $1.9 billion for the 2018 fiscal year (ended March 31), an increase of 6.3% compared to last year.

This came after sales grew 8.4% year on year in the fourth quarter. 

The group’s full-year growth was led by its direct to consumer (DTC) sales, which increased 7.4%. Wholesale net sales were 5.7% higher. 

Revenue from the Ugg brand was $1.5 billion, an increase of 3.9% compared to the previous year. The Teva brand also experienced growth (+13.5%), but revenue from the Sanuk brand dipped (-0.9%).

The Hoka One One running shoe brand continued its remarkable sales growth of recent years. Its revenue increased 46.7% in the full year to $153.5 million.

“We closed fiscal 2018 on a high note as we exceeded expectations for the fifth consecutive quarter," said Dave Powers, Deckers president and CEO. “I am confident that the Company is well positioned to build on its recent financial accomplishments and enhance its industry competitiveness through the continued execution of our operating profit improvement plan and strategic focus."

Related stories:

Hoka One One still the star performer for Deckers 29/07/2019
Deckers’ revenue exceeds $2 billion 28/05/2019
Deckers continues its strong year in the third quarter 07/02/2019
Slower growth for Deckers in second quarter 29/10/2018
Deckers “meaningfully exceeds expectations” in third quarter 05/02/2018
Deckers seeks advisers to defuse boardroom tension 29/11/2017
Investor accuses Deckers board of “failed business strategy” 08/11/2017
Deckers decides against pursuing sale 30/10/2017
Tensions continue between Deckers and key investor 25/10/2017
Deckers shareholder suggests sale of Hoka One One brand 06/10/2017
Pressure grows on Deckers board 14/09/2017
Ugg recovery helps Deckers to strong first quarter 31/07/2017
Deckers investor increases pressure on board 28/06/2017

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