US-based footwear giant Deckers Brands expects net sales during the entire FY 25 to grow by 10 per cent approximately to $4.7 billion.
Driven by a double-digit growth across all markets, the company’s net sales during Q1, FY25 increased by 22.1 per cent to $825.3 million.
Direct-to-consumer net sales of the California-based company rose by 24 per cent to $310.6 million for the fiscal quarter ending June 30, 2024. Wholesale net sales also expanded by 21 per cent to $514.8 million.
Regionally, domestic net sales of the company grew by 23 per cent to $515.9 million, while international net sales surged by 20.8 per cent to $309.5 million.
Brand-wise, Ugg sales rose by 14 per cent to $223 million, and Hoka brand sales jumped by 29.7 per cent to $545.2 million. These gains offset a 4.3 per cent decrease in net sales for Teva and a 28.4 per cent decline for Sanuk. Sales of other brands, mainly Koolaburra, skyrocketed by 123.5 per cent to $4.0 million.