Demand for Ugg delivers record revenue for Deckers Brands
Deckers Brands has released its financial results for the second fiscal quarter ending September 30, 2023. The company has reported record revenue and earnings, thanks to the solid demand for its Hoka and Ugg brands.
CEO Dave Powers said: “The strength of demand for our Hoka and Ugg brands continued to drive exceptional performance, producing record revenue and earnings for Deckers in both the second quarter and first half of fiscal year 2024.
“We are focused on maintaining the integrity of our healthy brands to deliver results.”
Net sales increased 24.7% to almost $1.1 billion from $875.6 million. The Ugg brand net sales increased by 28.1% to $610.5 million from $476.5 million, while Hoka brand net sales increased 27.3% to $424.0 million from $333.0 million.
image - Ugg
