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Deckers posts record Q1 sales

Deckers Outdoor Corporation, the business behind the Ugg Australia brand, reported record sales during its first quarter on the back of higher sales of the Ugg brand and double digit growth of the Teva brand.

For the quarter ended March 31 sales increased 16% to $155.9m (£101.3m), against $134.2m (£87.2m) the year before. Ugg sales grew by 14% to $104.4m (£67.8m), while Teva sales jumped 21% to $43.2m (£28m).

“Our first-quarter earnings performance was much stronger than expected, driven by higher sales of the Ugg brand combined with double-digit growth of the Teva brand,” chairman, president and chief executive Angel Martinez said in a statement.

“Both our direct to consumer business, highlighted by same store sales growth of 28.2%, and our overall domestic wholesale business were above plan. Teva delivered its strongest quarter in several years, fuelled by sales of our expanded spring line of open and closed toe styles,” he said. “These results are a validation of Teva’s resurgence as an outdoor market leader and underscore our efforts to lessen the brand’s dependence on weather.”

Deckers did not split out UK performance.

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