Ugg sales boost Deckers’ strong quarter

29/07/2024
Ugg sales boost Deckers’ strong quarter

Footwear group Deckers Brands reported a 14% increase in UGG brand sales, reaching $223 million in the first fiscal quarter ending June 30, 2024.

Overall, Deckers' net sales rose 22.1% to $825.3 million, up from $675.8 million last year.

Direct-to-consumer net sales increased by 24% to $310.6 million, and wholesale net sales grew by 21% to $514.8 million. Domestic net sales climbed 23% to $515.9 million, while international net sales rose 20.8% to $309.5 million.

Outgoing CEO Dave Powers and incoming CEO Stefano Caroti highlighted the strong performance of UGG, contributing to an increased financial outlook for the full fiscal year ending March 31, 2025.