Hoka and Ugg Help Deckers Achieve ‘Largest Quarter in History’ in Q3

February 1, 2024

Shares for Deckers Brands were up nearly 6 percent in after-hours trading on Thursday as the footwear company reported its largest quarter in history driven by its star Hoka and Ugg brands.

The Goleta, Calif.-based footwear company reported net sales in the third quarter of 2024 increased 16 percent to $1.560 billion compared to $1.346 billion the same time last year. Deckers also saw a bump in its direct-to-consumer channel, reporting an increase of 22.7 percent to $858.1 million compared to $699.3 million in Q3 2023. Wholesale net sales for Q3 were up 8.6 percent to $702.2 million compared to $646.3 million the same time last year. FN