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Jun 30, 2020
Deckers Q1 2021 Earnings Report
Deckers Brands' first quarter performance for fiscal year 2021 reflected resilience with increased net sales and improved gross margin, despite operating at a loss.
Key Takeaways
Deckers Brands reported a 2.3% increase in net sales to $283.2 million for the first quarter of fiscal year 2021. The company experienced a gross margin increase to 50.3% and reduced SG&A expenses, but still reported an operating loss of $7.7 million and a net loss of $7.973 million, or $0.28 per share.
Net sales increased by 2.3% to $283.2 million, or 2.8% on a constant currency basis.
Gross margin improved to 50.3% compared to 47.0% in the same period last year.
Operating loss was reduced to $7.7 million from $31.4 million in the prior year.
DTC net sales surged by 74.2% to $139.8 million, offsetting a decline in wholesale net sales.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Due to the ongoing and fluid economic environment related to the COVID-19 pandemic, the Company will not be providing full year guidance for fiscal year 2021.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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