Keeping up its momentum in the final fiscal quarter ended Mar. 31, the Hoka and Ugg parent’s net income jumped 28% to $119,186,000 from $93,028,000 as revenues increased 21% to $959,758,000 from $791,571,000. Both wholesale and direct-to-consumer sales were up 21%, to $544.6 million and $415.2 million, respectively, including DTC comps of +20.5%. The U.S. market grew by 19% to $647.7 million, and international was even stronger, increasing 25% to $312.0 million.
While Ugg powered most of the Holiday quarter, Hoka outperformed here, soaring 34% to $533.0 million in a seasonally important ... Log in to view full article.