Net income shot up 37% in the fiscal third quarter ended Dec. 31 to $396,996,000 from $290,748,000 on a 16% increase in revenue to a record $1,560,307,000 against $1,345,640,000 driven by gains at Ugg and Hoka. Direct-to-consumer sales grew 23% to $858.1 million, including a +21.8% comp, while wholesale increased 9% to $702.2 million. Growth was balanced geographically, with U.S. sales up 16% to $1.048 billion and international gaining 17% to $511.9 million.

Ugg sales surged 15% to $1,072 million, driven by a 20% jump in global DTC, which represented 62% of ... Log in to view full article.