The US fashion group Deckers Brand is also able to increase its sales in the second quarter of the 2022/23 financial year. As in the first quarter, Hoka was the engine of the company’s growth with a sales increase of 58.3 percent to $333 million compared to the same period last year.
“Deckers’ strong performance in the first half of fiscal 2023 is a testament to our team’s performance, despite a challenging macro backdrop,” said Deckers CEO Dave Powers in the earnings report released Friday UGG’s move and continued fueling of rising demand for HOKA performance footwear, we’re confident of delivering on our full-year guidance.”
In the second quarter ended September 30, the parent company of brands such as Ugg and Hoka increased its sales by 21.3 percent (up 24.8 percent at constant currency) year-on-year to 875.6 million US dollars (879.32 million euros) increase. The top-selling brand Ugg achieved a sales increase of 6.3 percent to 476.5 million US dollars compared to the same period last year. Sanuk was able to increase sales by about a quarter to 7.5 million US dollars. Teva’s revenue increased 4.3 percent to $30.1 million.
In terms of earnings, Deckers Brands missed the level of the prior-year quarter. Operating profit was $127.8 million (EUR 128.3 million) compared to $128.2 million in the second quarter of fiscal 2021/22.
For the full first half, Deckers Brands revenue was $1.49 billion, up 21.5 percent from the same period last year. Net income fell 2.4 percent to $146.3 million.