Deckers posts strong Q1
02/08/2018
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.
Image shows the new Bondi shoe from Hoka One One.
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