Deckers posts strong first quarter
01/08/2018
Sales from the Ugg brand, which make up more than half of Deckers’ total revenue, were $136.5 million, 18.9% higher than for the first quarter of 2017/18.
Running shoe brand Hoka One One, which has been the group’s star performer in recent years, continued its upward trajectory, recording a 53.1% increase in sales during the first quarter to $47 million.
The Teva brand saw its sales increase 6.2%, but there was a 6.6% decrease in revenue from the Sanuk brand.
Deckers’ domestic sales for the quarter were $141.7 million, 17.4% higher year on year, while its international sales increased 22.3% to $108.9 million.
“This quarter's results are a testament that we are successfully progressing towards our long-term objectives and that our brands are well positioned in the marketplace,” said Dave Powers, president and chief executive officer of Deckers.
Share this story:
