Mixed results for Deckers
Footwear group Deckers Brands has reported a 7.4% increase in third quarter revenues to $938.7 million, driven by record sales at three of its brands.
UGG sales for the third quarter increased 2.6% to $781.1 million compared to $761 million, while Hoka One One sales leaped 64% to $93.1 million.
However, Teva sales fell 25.1% to $17.2 million and Sanuk sales slumped 34.5% to $8.5 million.
Dave Powers, Deckers’ CEO, said: "Our third quarter results were driven by three of our brands experiencing record levels of quarterly revenue, resulting in an updated outlook that reflects another year of strong top-line growth and earnings expansion.