UGG and HOKA lead Deckers Brands results

Goleta, Calif., Feb. 2, 2023 /PRNewswire/ - Deckers Brands, which owns UGG (represented in SA by IntoBrands), HOKA (represented in SA by Ikhambi Distribution), Teva and Sanuk, today announced financial results for the third quarter ended December 31, 2022. The Company also provided an update to its financial outlook for the full fiscal year ending March 31, 2023.
      "Our brands delivered another stellar quarter, led by record results for both HOKA as well as our consolidated direct-to-consumer business," said Dave Powers, President and Chief Executive Officer. "The consistent strength of Deckers results thus far in fiscal year 2023, despite macroeconomic and currency headwinds, are the result of our brand marketplace management actions and dedication to long-term strategic priorities. We believe UGG and HOKA are two of the healthiest, well positioned brands in their respective markets, and with the strength of our operating model, Deckers is poised for continued success going forward."
      Third Quarter Fiscal 2023 Financial Review (Compared to the Same Period Last Year)
- Net sales increased 13.3% to $1.346 billion compared to $1.188 billion. On a constant currency basis, net sales increased 17.5%.
- Wholesale net sales increased 8.0% to $646.3 million compared to $598.4 million.
- Direct-to-Consumer (DTC) net sales increased 18.7% to $699.3 million compared to $589.4 million. Comparable DTC net sales increased 22.1%.
- Domestic net sales increased 13.9% to $906.8 million compared to $796.1 million.
- International net sales increased 12.1% to $438.8 million compared to $391.6 million.