The US-based Deckers Brands, based in Goleta, California, which owns the brands Ugg, Hoka, Teva, Sanuk and Koolaburra, has presented the report for the third quarter of the financial year 2021/22: In the period from October to December 2021, the Sales by ten percent to around 1.2 billion US dollars. In the same period last year it was around 1.1 billion US dollars. At the same time, operating income decreased to $293.4 million compared to $328.7 million a year earlier.
The sports and outdoor shoe brands Hoka and Teva in particular drove growth. Hoka brand net sales increased 30.3 percent to $184.6 million in the third quarter compared to $141.6 million in 2021. Teva net sales were $20.6 million in the third quarter dollars, up 31.4 percent from $15.7 million a year earlier.
The Ugg brand generated the most sales but the least growth, with net sales for the third quarter of $945.9 million, up 7.9 percent, compared to $876.8 million in the same period of the previous year.
The Sanuk brand, on the other hand, declined. Here, net sales decreased 13.4 percent to $6.1 million compared to $7.0 million for the same period in 2020.
Net sales from other brands, comprised primarily of Koolaburra, also declined in the third quarter, down 16.6 percent to $36.7 million in 2020 from $30.6 million a year earlier.
The largest market for Deckers Brands is still the US home market. Here, net sales rose 3.3 percent to $796.1 million in the third quarter. International net sales were $391.6 million, a 27.5 percent increase over the prior year.
“Our brand portfolio delivered the largest quarter in Deckers history,” said Dave Powers, President and Chief Executive Officer of Deckers Brands. “We believe that Hoka and Ugg are two of the strongest brands in the footwear industry, driven by our strong business model and… to complement our strengthened balance sheet. As we continue to experience unprecedented demand for our brands, we still have to deal with a challenging supply chain and pandemic environment. Despite these headwinds, I have great confidence in our organization and its ability to deliver another deliver an impressive year and position the company for long-term success.”
For the full fiscal year 2021/22, the company expects cumulative net sales of between $3.03 billion and $3.06 billion.