373
Fashion Jobs
SHISEIDO
FP&A Manager (Korean Only)
Permanent · SEOUL
AESOP
Aesop Hanam Starfield - Retail Consultant
Permanent · HANAM-SI
ADIDAS
Senior Specialist, Buying & Trading, E-Commerce
Permanent · SEOUL
ADIDAS
Manager, Personalization & Apps, E-Commerce
Permanent · SEOUL
ADIDAS
Senior Manager, Legal Counsel, Legal
Permanent · SEOUL
HENKEL
Finance Business Controller For Shiseido Professional Brand
Permanent ·
L'OREAL GROUP
[l'Oreal Korea] Kiehl's - CRM & Trade Mkt sr. Specialist~Manager
Permanent · SEOUL
L'OREAL GROUP
[l'Oreal Korea] (jr.) Claim Substantiation Specialist - Corporate Regulatory Affairs
Permanent · SEOUL
L'OREAL GROUP
[l'Oreal Korea] (sr.) Product Manager - Kerastase Marketing Team, Ppd
Permanent · SEOUL
UNDER ARMOUR
Associate, HR Administration
Permanent · SEOUL
ARKET
Visual Merchandising Manager
Permanent · BUSAN
PUIG
Marketing Manager
Permanent · SEOUL
JAEGER
[Jaeger Lecoultre] Marketing & Communication Director
Permanent · SEOUL
ESTÉE LAUDER COMPANIES
Corporate Account Executive For Travel Retail Korea, Estee Lauder Companies
Permanent ·
ESTÉE LAUDER - BRAND
Assistant Education Manager, Estee Lauder
Permanent · SEOUL
L'OREAL GROUP
[l'Oreal Korea] Luxe Div. - Lancome E-Commerce Specialist
Permanent · SEOUL
COS
Instore Visual Merchandiser Manager_seoul/Gyeonggi
Permanent · SEOUL METROPOLITAN AREA
AESOP
Shinsegae Gwangju - Retail Consultant
Permanent · GWANGJU
COACH
Manager, Ecommerce
Permanent · SEOUL
ADIDAS
Manager, Business Planning & Analysis, Wholesales
Permanent · SEOUL
HENKEL
Adhesive Key Account Manager For Sports And Fashion Market
Permanent · BUSAN
HENKEL
Consumer Brands General Manager Assistant
Permanent ·
Published
Feb 1, 2019
Reading time
2 minutes
Download
Download the article
Print
Text size

Deckers revenue growth propelled by Ugg and Hoka One One

Published
Feb 1, 2019

Goleta, California-based footwear group Deckers Brands announced a 7.8% increase in net sales in the third quarter of 2019 on Thursday, with progress led by the company’s Ugg and Hoka One One brands.


Hoka One One saw net sales surge 79.2% in Q3 2019 - Instagram: @hokaoneone

 
The company’s total net sales for the third quarter ended December 31, 2018, came to $873.8 million, up from $810.5 million in the prior-year period.
 
Sales at Ugg increased 3.6% to $761.0 million, compared to $734.7 million in the same period in the previous year, while the Hoka One One label saw its sales skyrocket a staggering 79.2% to $56.9 million. Deckers’ Teva brand also saw strong growth of 17.5% to achieve sales of $22.9 million, while Sanuk fared less well, posting a decline of 7.0% to $12.9 million.

In terms of its distribution channels, revenues in the company’s wholesale division increased 12.5% to $482.2 million in Q3, while direct-to-consumer (DTC) sales rose 2.6% to $391.6 million. DTC comparable sales increased 1.4%.
 
Deckers also had more success in its home market than abroad in the quarter, reporting an increase of 14.2% in domestic sales, which totaled $573.0 million, while international sales fell 2.6% to $300.8 million.
 
The company’s net income for the quarter totaled $196.4 million, compared to $86.3 million in the prior year period. Diluted earnings per share (EPS) rose to $6.68 from $2.69.
 
In light of its better-than-expected results, Deckers has raised its guidance for the full fiscal year 2019. The company now expects net sales to be between $1.986 billion and $2.0 billion, while non-GAAP diluted EPS – excluding charges related to possible store closures, tax reforms, organizational changes and other non-recurring expenses – are now expected to be in the range of $7.85 to $7.95.
 
“With third quarter results delivered and an updated outlook for the full fiscal year 2019, I am pleased to say that we are now well ahead of schedule to deliver on the long term strategic goals we laid out two years ago,” said Deckers President and CEO Dave Powers in a press release.
 
The company’s Q4 net sales are now expected to be between $360.0 million and $374.0 million.
 
Following the announcement of the company’s results, shares in Deckers rose 6% in the extended session on Thursday, according to figures cited by MarketWatch.
 

Copyright © 2024 FashionNetwork.com All rights reserved.