Deckers results 'exceed expectations'

US-based Deckers footwear group has reported net sales of $1.9 billion for the 2018 fiscal year up to March 31st. This represents an increase of 6.3 per cent compared to the same period one year ago. The final result followed an announcement that sales during the fourth quarter grew by 8.4 per cent. The rise in demand for Deckers footwear was led by its direct-to-consumer sales, which were boosted by 7.4 per cent. Wholesale net sales grew by 5.7 per cent.

Earnings from the group’s Ugg brand totalled $1.5 billion (an increase of 3.9 per cent year-on-year) and the Teva brand experienced a 13.5 per cent growth. Sales of Hoka One One running shoes increased by 46.7 per cent to $153.5 million for the year. According to Deckers president and chief executive, Dave Powers, the company has exceeded expectations for the fifth consecutive quarter.

The photograph above shows an example of Deckers’ Ugg brand, revenue from which totalled $1.5 billion for the fiscal year.

Publishing Data

This article was originally published on page 2 of the July/August 2018 issue of SATRA Bulletin.

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