Deckers Brands, based in Goleta, California, is celebrating a 21% increase in revenue during the recently concluded second quarter. This growth was seen across all channels and territories, with double-digit gains reported. Net sales for the quarter reached an impressive $875.6 million, a significant increase from $721.9 million in the same period last year.

By analyzing the sales figures by channel, wholesale net sales experienced a 16.7% increase to $636.5 million, while direct-to-consumer net sales rose by 35.3% to $239.1 million. The remarkable growth in direct-to-consumer sales also led to a 38.2% increase in comparable net sales. Domestically, Deckers’ net sales saw a 20.0% increase, reaching $617.7 million, and internationally, net sales grew by 24.4% to $257.9 million.

Breaking it down further by brand, Ugg net sales increased by 6.3% to $476.5 million, and Teva sales saw a 4.3% increase to $30.1 million. However, Sanuk sales declined by 25.2% to $7.5 million. On a positive note, Koolaburra, another brand under Deckers, experienced a 17.9% increase in sales, reaching $28.5 million. The star performer during this quarter was the Hoka brand, which reported a remarkable 58.3% increase in sales, reaching $333 million.

Despite a slight dip in net income from the prior-year period, dropping to $101.5 million compared to $102.1 million, Deckers remains confident in its ability to maintain strong performance. Dave Powers, the president and CEO of Deckers, attributes this success to the team’s execution, even in the face of a challenging macroeconomic backdrop. With the Ugg brand’s peak selling season approaching and the demand for Hoka performance footwear continuing to grow, Deckers expects to meet its full-year guidance.

Looking ahead, Deckers reiterates its fiscal year 2023 revenue growth projection of 10-11% on a reported basis. Additionally, the company expects diluted earnings per share to range from $17.50 to $18.35. With a solid first half of the year and promising sales figures, Deckers Brands is well-positioned for continued success in the footwear market.

For more information about Deckers Brands and their popular footwear brands, you can visit their official website here. To stay updated on the latest footwear trends and news, you can visit a reputable industry news source here.