Deckers reports strong first quarter
31.07.2024 1879

Deckers reports strong first quarter

American Deckers, which manages the brands Ugg, Hoka, Teva, Sanuk, Koolaburra and others, reported a successful start: net revenue for the first quarter of the 2025 financial year increased by 22,1% compared to the result in the first quarter of last year, reaching $825,3 million Demand for the Hoka and Ugg brands continues to drive sales growth, writes Worldfootwear.com.

The company is recording double-digit growth across all sales channels and regions, including international markets.

As in the previous year, Hoka and Ugg continue to be growth drivers. In the first quarter of the year, Hoka's net sales increased 29,7% to $545,2 million and Ugg's net sales increased 14,0% to $223,0 million, compared with the first quarter of fiscal 2024.

In the Deckers portfolio, only Teva and Sanuk brands perform worse. Teva's first-quarter net sales fell 4,3% to $46,3 million, and Sanuk's net sales fell 28,4% to $5,9 million, compared with the same period last fiscal year.

In the three months to the end of June, Deckers recorded diluted earnings per share of $4,52, down from $2,41 in the first quarter of the previous fiscal year.

“Fiscal year 2025 is off to a strong start, with Hoka and Ugg delivering fantastic first-quarter results that support our increased guidance for the full fiscal year,” commented Stefano Caroti, Chief Commercial Officer, who takes up the role of President and CEO of the company later this year.

For the twelve months ending March 2025, Deckers expects net revenue to increase approximately 10% year-over-year to $4,7 billion and diluted earnings per share to range from $29,75 to $30,65. .

Subscribe and read Shoes Report news in our official Telegram channel   

American Deckers, which manages the brands Ugg, Hoka, Teva, Sanuk, Koolaburra and others, reported a successful start: net revenue for the first quarter of the 2025 financial year grew by 22,1% based on...
5
1
Rating

Latest News

HeyDude opens pop-up shop in Paris department store Galeries Lafayette

HeyDude, the Italian lightweight moccasin brand that was acquired by American Crocs in 2021, continues on its path to global expansion, and its progress and development are very interesting to watch…
23.05.2025 163

Shoe factories continue to shrink in Italy

The crisis has put 4000 jobs at risk in the Italian province of Veneto. Businesses and unions are sounding the alarm, and local companies are being forced to use social protection systems to avoid layoffs and closures, writes La…
22.05.2025 292

Geox Group sales down 2,4%

The Italian Geox Group presented its results for the first quarter of 2025, consolidated sales for the first three months of 2025 amounted to 189 million euros, which is 2,4% less than in the same period a year earlier, writes…
22.05.2025 263

Jimmy Choo Launches Archival Collection

Jimmy Choo continues to exploit the fashionable flair it earned when it first appeared in the cult American TV series Sex In the City. The brand has decided to release an archive collection, including…
21.05.2025 389

In France, more than 3000 stores in the fashion segment have closed in five years

Since the pandemic began in 2020, the fashion sector in France has seen around sixty bankruptcies. And since the beginning of this year, at least six fashion retail chains have been affected by legal proceedings, including Jennyfer, Café Coton and Kaporal, - reports…
20.05.2025 617
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning