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Deckers reports continued growth

Nov 4, 2021 United States
Deckers reports continued growth
In the second quarter of fiscal 2022, the Californian-based group posted revenue growth of 15.8%, reaching 721.9 million US dollars. This result was largely driven by Hoka’s performance
"Deckers robust first half growth when compared to both the prior year and two years ago, reflects the increasing global footprint of HOKA, and the UGG brand's evolution beyond women's footwear. While we experienced global supply chain challenges during the quarter, we have confidence in our year, and we are aggressively pursuing market share with our in-demand brands by leaning on our global omnichannel organization. We believe that our nimble operations will navigate this dynamic environment and allow our brands to execute Deckers successful long-term strategies", commented Dave Powers, President and Chief Executive Officer.

Second Quarter Results

Overall, in the second quarter of fiscal 2022, which ended on the 30th of September 2021, net sales increased by 15.8% to 721.9 million US dollars, as compared to 623.5 million US dollars in the same period last year. On a constant currency basis, net sales grew by 14.8%.

In the three-months period ended on the 30th of September 2021, wholesale revenue grew by 20.7%, reaching 545.2 million US dollars, as compared to 451.6 million US dollars in the same period of the prior year. Direct-to-Consumer sales increased by 2.8% to 176.7 million US dollars, as compared to 171.9 million US dollars over the same period last year.

Domestic net sales rose by 20.4% in the same period, totalling 514.6 million US dollars, as compared to 427.4 million US dollars in the same period of 2021. International net sales posted growth of 5.7% in this timeframe, reaching 207.3 million US dollars, as compared to 196.1 million US dollars in similar period of the previous year.

Brands Summary

In the second quarter of fiscal 2022, UGG brand net sales increased by 8.0%, reaching 448.4 million US dollars (415.1 million US dollars in the same period of 2021). Hoka brand net sales totalled 210.4 million US dollars, growing by 47.0% this second quarter (143.1 million US dollars in the second quarter of fiscal 2021).

Teva brand net sales grew by 4.0%, amounting to 28.8 million US dollars (27.7 million US dollars in the same quarter last year), and Sanuk brand net sales rose by 6.2% to 10.1 million US dollars (9.5 million US dollars in the second quarter of fiscal 2021). Other brands (primarily composed of Koolaburra) net sales decreased by 14.1% to 24.2 million US dollars (28.2 million US dollars in the same period last year).

Fiscal 2022 outlook

For the twelve months ending on the 31st of March 2022, Deckers expects net sales of between 3.01 billion US dollars and 3.06 billion US dollars.


Fiscal 2022 for Deckers runs from the 1st of April 2021 to the 31st March 2022.

Image Credits: deckers.com

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