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Article Date: February 2023
Word Count: 484

Deckers Hikes Guidance on Strong Hoka Growth


Net income increased 20% to $278,662,000 from $232,943,000 in the seasonally important fiscal third quarter ended Dec. 31, as revenues climbed 13% to $1,345,640,000 from $1,187,752,000 boosted by Hoka sales that nearly doubled. Direct-to-consumer sales increased 19% to $699.3 million, helped by a +22.1% store comp. Wholesale grew a bit more slowly, gaining 8% to $646.3 million. Regionally the growth was relatively balanced on a reported basis, including a 14% improvement in U.S. sales to $906.8 million, while international grew 12% (+25% constant currency) to $438.8 million, pulled down by the ... Log in to view full article.

 


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