Deckers Brands, the parent company of popular footwear brands Ugg and Hoka, has announced impressive sales figures for the third quarter. Net sales during the three-month period ending December 31 increased by 16% to reach $1.56 billion, marking a record-breaking achievement for the company. Domestic net sales rose by 15.6% to $1.048 billion, while international sales saw a growth of 16.7% to $511.9 million.

The outstanding performance can be attributed to Deckers’ star brands, Ugg and Hoka, which continue to deliver exceptional results. Ugg brand sales increased by 15.2% to $1.072 billion, while Hoka, the running shoe brand, experienced a growth of 21.9% to $429.3 million. Other brands, primarily Koolaburra, also contributed to the success with a sales increase of 10% to $29.6 million. However, Teva and Sanuk faced sales declines of 16.2% and 28.9%, respectively.

Deckers has responded to its strong sales performance by raising its full-year sales guidance. The company now expects net sales to reach approximately $4.15 billion for the year, reflecting its optimistic outlook.

Dave Powers, the current president and CEO of Deckers, expressed his satisfaction with the performance of the company’s brands. He attributed their success to the direct-to-consumer channel and strong demand at full price. Powers also highlighted Deckers’ commitment to innovation and disciplined operating approach as driving factors behind the stellar results.

In addition to the sales update, Deckers announced the upcoming retirement of Dave Powers as president and CEO, effective August 1. Powers will transition to serving as a member of the company’s board of directors. Stefano Caroti, currently the chief commercial officer, will take over as the new chief executive.

Deckers Brands remains optimistic about the future and views Hoka and Ugg as two of the healthiest brands in the industry. The company is focused on executing its strategic initiatives to ensure long-term success. With its impressive sales performance, strong financial position, and dedicated focus on marketplace management, Deckers is well-positioned for continued success in the remaining quarter of 2024.

For more information on Deckers Brands and its footwear brands Ugg and Hoka, visit their official website: https://www.deckers.com.