Deckers Brands, a leading global footwear, apparel, and accessories maker, has reported significant growth in its third quarter (Q3) of fiscal 2025, with net sales increasing by 17.1% to $1.82bn compared to $1.56bn in the same period last year.
The direct-to-consumer segment played a key role in this growth, with net sales rising 17.9% to $1.01bn, driven by strong consumer demand for its brands. Wholesale net sales also contributed positively to the overall performance, increasing by 16.2% to reach $815.8m.
Geographically, Deckers Brands experienced varied performance across domestic and international markets during the quarter, with domestic net sales rising by 11.5% to $1.16bn and international net sales surging by 28.5% to $657.9m.
The company’s flagship UGG brand saw a significant increase in net sales, with a 16.1% rise to $1.24bn, while the HOKA brand demonstrated strong growth with a 23.7% rise in net sales to $530.9m. In contrast, Teva brand net sales decreased by 6%, and other brands experienced a decline of 16.6%.
In terms of profitability, Deckers Brands reported a net income of $456.73m for Q3 FY25, compared with $389.91m in Q3 FY24. Diluted earnings per share improved to $3, up from $2.52 last year.
The company has revised its expectations for fiscal 2025, projecting net sales to increase approximately 15% to $4.9bn and diluted earnings per share to fall within the range of $5.75 to $5.80.
Source: https://finance.yahoo.com/news/deckers-delivers-record-q3-fy25-123050966.html