Deckers Manufacturers posts Q2 FY21 income of $624 mn


Deckers Manufacturers, a designer and distributer of progressive footwear and attire, posted 15.zero per cent enhance in its income to $623.5 million in the course of the second quarter (Q2) FY21 that ended on September 30, 2020, in comparison with the income of $542.2 million in the identical interval final 12 months. Web revenue throughout Q2 FY20 was $101.5 million (Q2 FY20: $77.eight million).

 

“Deckers’ report second quarter efficiency was the results of our highly effective manufacturers, devoted groups, progressive product launches, and talent to seize demand on-line,” Dave Powers, president and chief government officer at Deckers Manufacturers, mentioned in a press launch. “We’re thrilled by the resilience of our organisation to ship robust ends in the primary half of fiscal 12 months 2021.”

 

Gross revenue in the course of the quarter rose to $318.9 million ($273.zero million). Firm’s revenue from operations rose to $128.6 million ($97.1 million).

 

UGG model gross sales elevated 2.5 per cent to $415.1 million ($404.9 million) whereas, Hoka One One model gross sales jumped 83.2 per cent to $143.1 million ($78.1 million). Teva model gross sales for Q2 FY21 grew 20.5 per cent to $27.7 million ($23.zero million). Sanuk model gross sales slipped 11.four per cent to $9.5 million ($10.7 million).

 

Firm’s wholesale gross sales elevated 1.eight per cent to $451.6 million ($443.5 million). Whereas, DTC gross sales grew 74.2 per cent to $171.9 million ($98.7 million).

 

“Our manufacturers are working from a place of energy, and whereas we proceed to navigate the challenges of a worldwide pandemic, the demand for our manufacturers mixed with our robust working mannequin and wholesome steadiness sheet depart Deckers properly positioned for the long-term,” Powers mentioned.

Fibre2Fashion Information Desk (JL)

Deckers Manufacturers, a designer and distributer of progressive footwear and attire, posted 15.zero per cent enhance in its income to $623.5 million in the course of the second quarter (Q2) FY21 that ended on September 30, 2020, in comparison with the income of $542.2 million in the identical interval final 12 months. Web revenue throughout Q2 FY20 was $101.5 million (Q2 FY20: $77.eight million).





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