Hoka and Ugg Parent Raises Full-Year Guidance After Strong Fiscal Q3

January 30, 2025

Deckers Brands shares fell in the mid-teens on Thursday afternoon, January 30, after the company reported fiscal third-quarter results for the three-month period ended December 31, 2024. 

Net sales increased 17.1 percent to $1.83 billion compared to $1.56 billion in the prior-year Q3 period. On a constant-currency (cc) basis, net sales increased 16.6 percent. Analysts were expecting growth of 11.6 percent, a clear beat. Ugg brand net sales increased 16.1 percent year-over-year (y/y) to $1.24 billion. Hoka brand net sales increased 23.7 percent y/y to $530.9 million. Teva brand net sales decreased 6.0 percent y/y to $24.1 million. Other brands net sales decreased 16.6 percent y/y to $28.0 million. SGB