11/23/2023 0 Comments Deckers hoka one one![]() The growth was driven by the brand’s increasingly diversified product assortment, reflecting growing penetration of men’s, kids and noncore women’s footwear as well as growth in apparel and accessories. Ugg’s sales in the quarter expanded 8.0 percent to $448.4 million. We are working diligently with our logistics partners to process these shipments and will continue to do so.” “While we successfully shifted more Ugg shipments into the first half in response to anticipated logistic issues, we experienced significant delays in containers being processed and released at the ports during the second quarter. “Our bottlenecks are largely related to import congestion, which has primarily affected the Ugg brand as the second quarter historically represents peak levels of fall product arriving from overseas factories,” said Powers. On a conference call with analysts, David Powers, CEO, said that like many others, Deckers had experienced logistics bottlenecks that led to a large volume of products in transit as of September 30, but the company currently views itself as less vulnerable than others due to lower exposure to Southern Vietnam factory production. Net income was flat at about $102.1 million, or $3.66 a share, against $101.6 million, or $3.58, below Wall Street’s consensus estimate of $4.01. Sales were up 33 percent over the second quarter two years ago. In the quarter, revenues increased 15.8 percent to $721.9 million, missing Wall Street’s consensus estimate of $771.5 million. ![]() ![]() However, the company still maintained its revenue outlook for the full year, driven by its projected 50-plus percent growth at Hoka One One. Deckers Brands reported sales and earnings missed Wall Street’s targets in its fiscal second quarter ended September 30 as numerous supply chain challenges slowed Ugg’s growth in the quarter. ![]()
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