![]() ![]() Hoka One One is also driving the company’s direct-to-consumer sales. ![]() “Hoka One One, Ugg and Teva’s compelling products are continuing to build market share and overcome the disruption in the channel that began during the pandemic,” Powers said. Of that total, Hoka One One accounted for $151 million, Ugg made $131 million and Teva brought in $43 million. Powers added that the successful first quarter was driven by “global wholesale growth” in the Hoka brand as well as Ugg, its premier footwear brand, and the sandal and casual footwear brand Teva.ĭeckers generated $344.3 million in total wholesale revenue, a 110.5% jump from the same quarter last year. “While unique marketplace dynamics contributed to this result, we believe the growing influence of Hoka, with its more evenly spread seasonal volumes, will continue to drive our organization towards a more balanced business across quarters,” Deckers President and CEO Dave Powers said during the company’s earnings call. In after-hours trading, after the earnings were released, shares were up a fraction of a percent. Hoka One One, a running shoe brand, accounted for nearly 40% of that revenue, bringing in $213.1 million in the first quarter of 2021-22, a 95.5% increase from a year earlier.ĭeckers’ shares closed at $406.69 on July 29, 2% higher than its opening that day. Revenue was also up 78.1% compared to a year earlier, at $504.7 million in the first quarter of 2021-22. The parent company of Ugg, Teva and other footwear brands delivered earnings of $48.1 million in the most recent quarter, or $1.71 per share, much better than the same quarter last year, when it suffered a loss of $7.9 million, or 28 cents per share. Goleta-based Deckers Brands started its 2021-22 fiscal year strong, reporting huge increases in earnings and revenue in quarterly results released after the markets closed July 29. ![]()
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