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Deckers Brands posts 4.9% decline in Q4 sales

Deckers Brands, a designer of innovative footwear and apparel, posted 4.9 per cent sales decline to $374.9 million in fourth quarter of FY20 ended on March 31, 2020 compared to sales of $394.1 million in same period prior year. The firm’s net income during the quarter was $16.0 million while its gross profit was $192.9 million ($203.3 million).

Sales for its UGG brand during the quarter decreased by 17.9 per cent to $196.3 million while sales of Sanuk brand declined by 57.8 per cent to $13.3 million. However, sales of its Hoka One One brand jumped by 51.8 per cent to $101.9 million and Teva brand grew 12.5 per cent to $59.6 million.

Wholesale net sales for the fourth quarter decreased by 2.9 per cent to $230.7 million its DTC sales dropped by 7.9 per cent to $144.2 million. Sales in the domestic market declined by 8.4 per cent to $230.8 million. Whereas sales in international sales grew by1.4 per cent to $144.1 million.