Deckers Brands posted higher net income, thanks to the positive sales of its UGG and Hoka brands.
The group’s net income rose 27.2 per cent to US$966.1 million as its net sales increased 16.3 per cent to US$4.99 billion.
UGG’s net sales grew 13.1 per cent to US$2.53 billion and Hoka’s net sales soared 23.6 per cent to US$2.23 billion.
However, net sales of its other brands declined 8.6 per cent to US$221.2 million.
In terms of channel, wholesale net sales surged 17.4 per cent to US$2.86 billion while direct-to-consumer net sales jumped 14.8 per cent to $2.13 billion.
By region, domestic net sales improved 11.3 per cent to $3.19 billion while international net sales swelled 26.3 per cent to $1.80 billion.
The company’s gross margin inched higher to 57.9 per cent.
“Fiscal year 2025 was Deckers’ fifth consecutive year of double-digit revenue and earnings per share growth, with respective compound annual growth rates of 19 per cent and 32 per cent over the five year period,” said Steve Fasching, CFO of Deckers Brands.
“We will remain nimble and disciplined as we navigate near-term uncertainty, while actively investing in our strategic long-term growth opportunities.”
Meanwhile, the company has appointed Cynthia (Cindy) L. Davis as the new chair of its board of directors, effective immediately.
Davis will succeed Michael (Mike) F. Devine, III, who is retiring after over 14 years of service, including six years as chair.
Davis joined the board in 2018 and has been in the position of chair of its Talent and Compensation Committee since 2019.
She is also a member of its Corporate Responsibility, Sustainability and Governance Committee since 2021.
“As Deckers’ iconic brands continue to gain strong momentum on a global scale, Cindy’s knowledge and oversight will support the company’s continued success,” said Devine.
“I am proud of the track record of growth and innovation we have established and believe Deckers is well positioned to deliver value for stockholders and provide elevated experiences for customers for years to come.”
Concurrent to Davis’ new appointment, Deckers Brands has named Victor Luis as the new chair of the Talent and Compensation Committee.
Effective immediately upon Devine’s retirement, the size of the board will be reduced to 10 from 11 members.