Deckers Brands net sales up 14.8% in third fiscal quarter

Worldwide
Published:  15 February, 2021
Credit: Ugg

The U.S. apparel and footwear Group posted third quarter fiscal 2021 revenue up 14.8% to a record US$1.078 billion.

Deckers Brands earnings per share (EPS) increased 26% in the quarter to record US$8.99. "Our record third quarter performance was propelled by demand across the Ugg brand's diversified product offering and the continued global expansion of the Hoka One One brand”, said Dave Powers, President and CEO, Deckers Brands. "The performance of our brands was primarily driven by our robust e-commerce engine and the resilience displayed by our teams to overcome significant operational and macro challenges related to the pandemic. With our strong portfolio of brands, stable operating model and powerful balance sheet, Deckers is well positioned for continued success.” Group net sales increased 14.8% in the third quarter of its fiscal year 2021 to US$1.078 billion. On a constant currency basis, net sales increased 13.8% year-on-year. Gross margin was 57% compared with 54.1% for the same quarter in fiscal 2020.

Ugg brand net sales increased 12.2% year-on-year to US$876.8 million and Hoka One One net sales were up 52.1% to US$141.6 million. Teva’s net sales decreased 8.7% to US$15.7 million, and Sanuk’s net sales declined 17.3% to US$7 million. Geographically, domestic net sales increased 19.3% to US$770.5 million and international were up 4.8% to US$307.2 million.