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The growth was primarily driven by double-digit increases in its key brands, Hoka and UGG, reflecting robust consumer demand, expanding global reach, and the brands\u2019 ability to resonate with a diverse customer base through innovation and premium product offerings, Deckers Brands said in a press release.<\/p>\n
Deckers Brands has reported strong Q2 FY25 results, with net sales rising 9.1 per cent to $1.431 billion, driven by double-digit growth in Hoka and UGG.
\nOperating income reached $326.5 million, while EPS rose to $1.82.
\nThe company expects FY26 net sales of $5.35 billion, a gross margin of 56 per cent, and EPS between $6.30 and $6.39, supported by continued global momentum. <\/p>\n
Brand-wise, Hoka\u2019s revenue increased by 11.1 per cent to $634.1 million, while UGG\u2019s grew 10.1 per cent to $759.6 million, demonstrating sustained consumer demand and international momentum. In contrast, sales from other brands declined 26.5 per cent due to the phase-out of Koolaburra\u2019s standalone operations.<\/p>\n
Wholesale sales climbed 13.4 per cent to $1.036 billion, whereas direct-to-consumer (DTC) sales fell slightly by 0.8 per cent to $394.6 million. International sales surged 29.3 per cent to $591.3 million, offsetting a 1.7 per cent dip in domestic revenue.<\/p>\n
The company reported an operating income of $326.5 million, up from $305.1 million, and diluted earnings per share (EPS) of $1.82 versus $1.59 last year. The gross margin improved to 56.2 per cent, supported by strong brand performance. Deckers\u2019 balance sheet remained solid, with $1.41 billion in cash and no outstanding borrowings. The company repurchased 2.6 million shares worth $282 million during the quarter, leaving $2.2 billion under its existing authorisation.<\/p>\n
\u201cHoka and UGG again delivered double-digit growth in the second quarter, reflecting strong performance and international momentum for these powerful brands,\u201d said Stefano Caroti, president and chief executive officer (CEO) at Deckers Brands<\/em><\/strong>. \u201cOur brands’ ability to connect with consumers through leading innovative products differentiates Deckers in today’s dynamic and competitive marketplace. Combined with our best-in-class operating model and financial profile, I am confident in our ability to achieve our fiscal year 2026 outlook and continue to capture the significant opportunities ahead for Deckers.\u201d<\/p>\n For the full fiscal year ending March 31, 2026, Deckers Brands expects net sales of approximately $5.35 billion, driven by continued momentum in its key brands\u2014Hoka, projected to grow in the low-teens per cent range, and UGG, expected to see low-to-mid-single-digit growth.<\/p>\n The company anticipates a gross margin of about 56 per cent, operating margin of 21.5 per cent, and SG&A expenses at roughly 34.5 per cent of net sales. The effective tax rate is forecast at 23 per cent, with diluted earnings per share estimated between $6.3 and $6.39, excluding the potential impact of future share repurchases, added the release.<\/p>\n
<\/p>\n Fibre2Fashion News Desk (SG) <\/p>\n
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