Fashion brand Deckers has posted record financial results for the second quarter ended on 30 September, with revenue increasing by 3.5 per cent to $1.5bn.
Deckers operates a portfolio of footwear and apparel brands, including Ugg and Hoka. The company’s brand net sales went up by 6.8 per cent to $677.2m, while Ugg’s sales increased by 3.5 per cent to $786.4m.
However, there was a major decrease in other brands’ net sales by 54.3 per cent to $17m compared to $37.2m at the same time last year.
Decker’s wholesale net sales went up by 5.5 per cent to $1.1bn, marking significant growth from last year’s $1.04bn.
However, the company’s direct-to-consumer net sales went down by 1.8 per cent to $387.5m compared to $394.6m last year. The company’s diluted earnings per share increased to $2.31 from $1.82 in the year prior.
The businesses’ operating income in the second quarter grew to $389.5m from $326.5m in the same period last year.
Stefano Caroti, president and CEO of Deckers said: “We delivered earnings above our expectations in the second quarter by maintaining disciplined marketplace management and a focus on expense control in a challenging consumer environment.
“As we move through the back half of fiscal 2027, we are taking deliberate actions to strengthen our connection with consumers, sharpen execution, and concentrate resources behind our greatest opportunities.
“We remain confident in the significant global opportunities ahead for both Hoka and Ugg, and our ability to drive sustainable growth and create long-term shareholder value.”
Moving forward, Deckers expects full-year net consolidated sales to be in the range of $5.7bn to $5.73bn.
The business forecasted a high-single-digit and low-single-digit percentage growth for the Hoka and Ugg brands, respectively.
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