Deckers saw its Q1 net revenue rise by 10% year over year to $675.8 million, with demand for its Hoka footwear brand driving growth.
Hoka’s net sales hit a new quarterly record, rising 27.4% to $420.5 million. Meanwhile, other Deckers brands, including Sanuk, Teva, and Ugg, reported declining sales.
Overall, Deckers saw its direct-to-consumer (DTC) sales increase by 35.3% to $250.4 million, and wholesale fell from $429.4 million to $425.4 million across its portfolio of brands.
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