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Deckers Brands net sales increase 7.4% in Q3 FY20

Feb '20
Pic: Deckers Brands
Pic: Deckers Brands
Deckers Brands, a leader in designing innovative footwear, apparel and accessories, reported its net sales have risen in third quarter (Q3) by 7.4 per cent to $938.7 (Q3 FY19: $873.8). Results in Q3 that ended on December 31, 2019, were driven by performance of brands experiencing record levels of quarterly revenue, resulting in an updated outlook for FY20.
UGG brand net sales for the quarter increased 2.6 per cent to $781.1 million. Hoka One One brand registered a huge leap in net sales of 63.6 per cent to $93.1 million for Q3. Teva brand net sales decreased 25.1 per cent to $17.2 million. Sanuk brand net sales decreased 34.5 per cent to $8.5 million.
Wholesale net sales increased 8.9 per cent to $525.1 million. Direct-to-consumer net sales increased 5.6 per cent to $413.7 million. Direct-to-consumer comparable sales for the third quarter increased 4.7 per cent over the same period last year.
Domestic net sales have increased 12.7 per cent to $645.7 million compared to $573 million for the same period last year. International net sales decreased 2.6 per cent to $293.1 million compared to $300.8 million.
The company reported that the net sales are now expected to be in the range of $2.150 billion to $2.160 billion for fiscal 2020 ending on March 31, 2020. Net sales in Q4 are expected to be in the range of $392 million to $402 million.

Fibre2Fashion News Desk (JL)

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February 2020

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