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. .
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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...
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