Deckers Brands news and archive

Deckers Brands Q4 profits widen, Hoka drives sales growth

Deckers Brands has reported a 7.5 percent increase in sales in the fourth quarter driven by a continued strong performance by Hoka. The company, which also owns footwear brand Ugg, made net sales 791.6 million dollars in the three months to March 31, up from 736 million dollars a year earlier. On a constant currency basis, sales were up 10.2...

ManagementFeatured

Deckers Brands ups FY guidance on strong Q3

Deckers Brands has upped its full-year sales and profit outlook after reporting both top- and bottom-line growth in the third quarter of the year. The US company reported a 13.3 percent increase in Q3 sales to 1.188 billion dollars. On a constant currency basis, sales were up 17.5 percent. Breaking it down by channel, wholesale sales increased 8...

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Deckers Brands maintains outlook after strong Q2

Deckers Brands net sales increased 21.3 percent to 875.6 million dollars and on a constant currency basis, net sales increased 24.8 percent. The company’s operating income was 127.8 million dollars compared to 128.2 million dollars and diluted earnings per share were 3.80 dollars compared to 3.66 dollars. "Deckers' strong performance in the...

ManagementFeatured

Deckers Brands Q2 net sales up 21 percent, Ugg and Hoka stand out

Deckers Brands has reported a jump in net sales in the second quarter, driven by strong growth at its Ugg and Hoka brands. In the three months to September 30, net sales came in at 721.9 million dollars, up 21.3 percent year-over-year, or up 24.8 percent on a constant currency basis. Sales at Ugg increased 6.3 percent to 476.5 million dollars in...

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Deckers Brands Q1 sales up 21.8 percent

Deckers Brands first quarter net sales increased 21.8 percent to 614.5 million dollars, while on a constant currency basis, net sales increased 23.5 percent. The company also reaffirmed its financial outlook for the full fiscal year ending March 31, 2023. "Fiscal year 2023 is off to a solid start, with Hoka driving strong growth, propelling the...

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Deckers Brands appoints new president of fashion lifestyle

Deckers Brands has announced the appointment of Anne Spangenberg as the group’s new president of fashion lifestyle, effective July 11. Serving on the executive leadership team, Spangenberg will report directly to the CEO and president, Dave Powers. Most recently, Spangenberg served as chief merchant for Nike. In her new role, she has been tasked...

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Deckers Brands promotes Angela Ogbechie as chief supply chain officer

Deckers Brands has announced the promotion of Angela Ogbechie to the newly created role of chief supply chain officer, effective June 24, 2022. Ogbechie, the company said in a release, will become a member of the executive leadership team, reporting directly to Dave Powers, chief executive officer and president of Deckers Brands. "Angela is...

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Deckers Brands president of performance lifestyle steps down

Deckers Brands has announced that after seven years leading the Hoka and Teva brands to new heights Wendy Yang is stepping down from her role as president of performance lifestyle, effective as of the end of the month. "Over the last seven years, our Performance Lifestyle segment has delivered immense growth – with nearly 900 million dollars in...

ManagementFeatured

Deckers Brands reports increase in Q4 net sales and earnings

Deckers Brands reported net sales increase of 31.2 percent to 736 million dollars for the fourth quarter. On a constant currency basis, net sales increased 31.7 percent. The company’s full year net sales increased 23.8 percent to 3.150 billion dollars, while on a constant currency basis, net sales increased 23.2 percent.. "Fiscal year 2022 was...

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Deckers Brands posts Q3 sales increase of 10.2 percent

Third quarter net sales at Deckers Brands increased 10.2 percent to 1.188 billion dollars compared to 1.078 billion dollars for the same period last year. On a constant currency basis, net sales increased 9.7 percent. Gross margin for the quarter was 52.3 percent compared to 57 percent for the same period last year and diluted earnings per share...

Business

Deckers sets “science-based” targets focused on reducing greenhouse gas emissions

Deckers Brands, the parent company of Ugg and Hoka, has revealed a number of science-based targets to further establish its path in the reduction of its emissions. In its fiscal year 2021, Deckers looked to continue its environmental efforts by starting to measure the carbon footprint of its entire chain. Working together with The Carbon Trust,...

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Deckers Brands posts sales and earnings growth

For the second quarter, net sales at Deckers Brands increased 15.8 percent to 721.9 million dollars , while on a constant currency basis, net sales increased 14.8 percent. Gross margin was 50.9 percent compared to 51.2 percent for the same period last year. Operating income was 128.2 million dollars compared to 128.6 million dollars for the same...