Deckers Brands net sales up 6.2% to $2 bn in FY2019

Deckers Brands portfolio of brands includes UGG, Koolaburra, Hoka One One, Teva and Sanuk. The UGG brand net sales for Q4 decreased 7.2 per cent to $239.0 million compared to $257.5 million for the same period last year. For fiscal year 2019, net sales increased 1.7 per cent to $1.533 billion, said Decker Brands in a press release.

The Hoka One One brand net sales for the fourth quarter increased 33.2 per cent to $67.1 million compared to $50.4 million for the same period last year. For fiscal year 2019, net sales increased 45.4 per cent to $223.1 million.

Teva brand net sales for the fourth quarter decreased 3.8 per cent to $52.9 million compared to $55.0 million for the same period last year. For fiscal year 2019, net sales increased 2.9 per cent to $137.4 million.

Sanuk brand net sales for the fourth quarter decreased 11.7 per cent to $31.5 million compared to $35.6 million for the same period last year. For fiscal year 2019, net sales decreased 9.1 per cent to $82.6 million.

The domestic net sales for Q4 increased 1.2 per cent to $252.0 million compared to $249.0 million for the same period last year. For fiscal year 2019, domestic net sales increased 8.9 per cent to $1.278 billion. International net sales for the fourth quarter decreased 6.3 per cent to $142.1 million compared to $151.7 million for the same period last year. For fiscal year 2019, international net sales increased 1.8 per cent to $742.1 million.

“Fiscal 2019 represented another successful year for the Deckers organisation, surpassing the milestone of $2 billion in revenue and doing so with exceptional levels of profitability, while achieving our long-range targets a year ahead of schedule,” said Dave Powers, president and chief executive officer. “As we move forward in our strategic plan, we will maintain focus on positioning our brands for the future by enhancing our relationship with consumers, continuing to deliver innovative product solutions, and building brand awareness and strength across global markets.”

For the full year of FY2020 ending March 31, 2020, the company expects the net sales to be in the range of $2.095 billion to $2.120 billion. For Q1 of FY2020 ending June 30, 2019, the net sales are expected to be in the range of $250—$260 million. (PC)

ALCHEMPro News Desk – India