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Article Date: July 2021
Word Count: 636

Deckers Delivers Huge Quarter as Hoka Passes Ugg


Net income was $51,475,000 in the fiscal first quarter ended Jun. 30, against a loss of $6,967,000 last year, in what has always been a small quarter seasonally for the Ugg and Hoka parent, but not anymore, as revenues soared 78% to $504,678,000 from $283,169,000. DECK thrived last year in the toughest quarter of the pandemic, when a rush of DTC e-commerce sales more than offset declines at wholesale and in stores. This year, wholesale came back with a vengeance, growing 140% to $344.3 million, while DTC grew 15% to $160.4 million, lapping last year’s huge gains. U.S. sales increased ... Log in to view full article.

 


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