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Deckers Brands net sales increase 7.4% in Q3 FY20
03 Feb 20 2 min read
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.
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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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