Deckers Brands posts record annual sales

Worldwide
Published:  02 June, 2020
Credit: Ugg

The U.S. headquartered footwear and apparel manufacturer posted sales up 5.6% to a record US$2.13 billion for its full fiscal year 2020, particularly driven by net sales of the Hoka One One brand.

Deckers Brands net sales totalled US$2.13 billion for its full fiscal year 2020, up from US$2.02 billion in the previous fiscal year. On a constant currency basis, net sales increased 6.5%. Gross margin was 51.8% against 51.5% in fiscal 2019. Operating income came in at US$338.1 million in the period, up from the previous GAAP operating income of US$327.3 million. Diluted earnings per share was US$9.62, up from US$8.84 in the previous fiscal year.

Net sales for Ugg brand in the fourth quarter decreased 17.9% to US$196.3 million, compared with US$239 million in the same quarter of fiscal 2019. For fiscal year 2020, Ugg’s net sales decreased 0.8% to US$1.521 billion. Hoka One One brand net sales for the fourth quarter increased 51.8% to US$101.9 million, and +58% to US$352.6 million for full fiscal 2020. Teva brand net sales for the fourth quarter increased 12.5% to US$59.6 million and +0.4% for the full fiscal year to US$138 million. Net sales for the Sanuk brand declined 57.8% year-on-year for the fourth quarter to US$13.3 million and were down 38.1% for the full fiscal year, to US$51.2 million.