Extra costs from tariffs will reach $150 million, Deckers says
Footwear group Deckers Brands has reported full-year revenues of just under $5 billion for the period ending March 31, 2025. This represents growth of 16.3% compared to the group’s previous fiscal year.
Revenues for the year for UGG reached $2.5 billion, up by 13% year on year. There was even higher growth for the group’s running shoe brand Hoka, which brought in more than $2.2 billion, a rise of 23.6%.
Other group brands, which include Teva sandals and Ahnu, brought in a combined total of $221.2 million, down by 8.6% compared to the previous year.
On presenting these results, Deckers said it would not give any guidance on its likely results in this current fiscal year, the period ending March 31, 2026. It said “the macroeconomic uncertainty related to evolving global trade policies” made it difficult to provide full-year guidance.
Chief finance officer, Steven Fasching, later told analysts that Deckers expects to absorb “a portion of the tariff impact”. He put the projected extra cost of tariffs for this fiscal year at $150 million and said negotiating cost-sharing with factory partners was also among the options.
He added that the group also fears “demand erosion” as consumers react to price increases and because of a “general softness in the consumer spending environment”.
