Comprehensive net loss in the seasonally small fiscal first quarter ended June 30 was $6,967,000 down from a loss of $19,600,000 last year on sales that increased 2% to $283,169,000 from $276,839,000 as soaring DTC sales more than compensated for a decline at wholesale. Direct-to-consumer revenues were up 74% to $139.8 million, but wholesale sales contracted 27% to $143.3 million, hurt by store closures at its retail partners. U.S. sales gained 10% to $184.3 million, while international sales dropped 10% to $98.9 million.

The DTC gain was driven by triple-digit growth in e-commerce sales for Ugg and Hoka One One, helped ... Log in to view full article.