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Deckers Brands sales surge 78%

Revenue from Goleta, CA-based shoes, accessories and apparel group Deckers brand The company’s overall brand portfolio grew strongly, with a total of $ 504.7 million in the first quarter, up 78.2% from $ 283.2 million in the year-ago quarter. In constant currency, the increase was 76.1%.

The Hoka brand experienced one of the biggest increases in sales during the quarter-Instagram: @hokaoneone

The company’s popularity in the first quarter, which ended June 30, 2021 Hoka One One Running shoe brand sales were $ 213.1 million, up 95.5% year-on-year. Ugg Boots business sales increased 70.8% to $ 213 million.

Sandal brand Teva has grown similarly, with sales up 65.9% to a total of $ 58.5 million. The same goes for casual shoe labels. Sanuk Sales of $ 15 million increased by 13.7%.The company’s “other brands” segment is primarily Koolaburra The business recorded quarterly net sales of $ 5 million, up 435.9% from the year-ago quarter.

By distribution channel, Deckers’ quarterly wholesale sales were up 140.2% to $ 344.3 million, while direct sales were $ 160.4 million, up 14.7% from $ 139.8 million in the year-ago quarter. ..

Domestic sales for the quarter were $ 336.1 million, an increase of 82.3% over the previous year. Overseas sales increased 70.5% to $ 168.6 million.

Deckers’ first-quarter net income was $ 48.1 million, up from a loss of $ 8 million in the year-ago quarter. The loss per share was $ 0.28, while the diluted earnings per share was $ 1.71.

“Our brand portfolio got off to a strong start in fiscal year 2022, pushing Deckers into the most profitable first quarter of all time,” said Dave Powers, President and CEO of Deckers, in a release. “Macroeconomic headwinds persist throughout the supply chain, but we are confident in consumer demand for brands and the resilience of global omni-channel organizations, the basic long-term driving the success of Deckers. I am devoted to the strategy. “

In the future, Deckers currently expects full-year net sales to range from $ 3.01 billion to $ 3.06 billion. Annual diluted earnings per share are expected to be between $ 14.45 and $ 15.10.

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Deckers Brands sales surge 78%

Source link Deckers Brands sales surge 78%

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