Deckers\u2019 star brands Hoka and Ugg delivered yet another quarter of record earnings.<\/p>\n
The Goleta, Calif.-based footwear company<\/a> reported net sales in the third quarter of fiscal 2025 increased 17.1 percent to $1.827 billion compared to $1.560 billion the same time last year. Net income in the period was $456.7 million, up from $389.9 million in the same year-ago quarter.<\/p>\n Despite these results, however, shares for Deckers Brands were down nearly 17 percent in after-market trading on Thursday.<\/p>\n Looking at the company\u2019s direct-to-consumer channel, Deckers reported a 17.9 percent increase in net sales to $1.011 billion, compared with $858.1 million in Q3 of fiscal 2024. Wholesale net sales for Q3 were up 16.2 percent to $815.8 million, compared with $702.2 million the same time last year.<\/p>\n By brand, Hoka saw the largest increase in sales in the third quarter, reporting a 23.7 percent rise to $530.9 million, up from $429.3 million in Q3 2024. Ugg also continued its winning streak<\/a> in the period, posting net sales of $1.244 billion, a 16.1 percent increase from $1.072 billion last year.<\/p>\n As for Teva, the brand saw net sales decline 6.0 percent to $24.1 million, compared to $25.6 million the same time last year. And at the company\u2019s Other Brands division, primarily composed of Koolaburra, the segment reported net sales decreased 16.6 percent to $28.0 million, compared with $33.6 million in Q3 2024.<\/p>\n \u201cDeckers posted exceptional results in the third quarter, delivering record quarterly revenue, gross margin, and earnings,\u201d Stefano Caroti<\/a>, president and chief executive officer of Deckers Brands, said in a statement. \u201cUgg continued to experience incredible global momentum, with the brand\u2019s iconic franchises capturing strong full price consumer demand across all regions. At the same time, Hoka delivered impressive results consistent with our strategy, remaining focused on scaling through innovative performance products.\u201d<\/p>\n