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Sep 30, 2024
Deckers Q2 2025 Earnings Report
Deckers' financial performance for Q2 2025 showed strong growth, driven by increased revenue and earnings per share.
Key Takeaways
Deckers Brands reported a strong second quarter in fiscal year 2025, with revenue increasing by 20% to $1.31 billion and diluted EPS increasing by 39% to $1.59. The company has raised its full-year revenue guidance to approximately $4.8 billion and diluted EPS guidance to a range of $5.15 to $5.25.
Revenue increased by 20% to $1.31 billion.
Diluted EPS increased by 39% to $1.59.
HOKA brand net sales increased by 34.7% to $570.9 million.
UGG brand net sales increased by 13.0% to $689.9 million.
Deckers
Deckers
Deckers Revenue by Segment
Deckers Revenue by Geographic Location
Revenue by Segment
HOKA Brand Revenue
CapyFin.comUGG Brand Revenue
CapyFin.comRevenue by Geographic Location
Domestic Sales Revenue
CapyFin.comInternational Sales Revenue
CapyFin.com Forward Guidance
The Company’s full fiscal year 2025 outlook is forward-looking in nature, reflecting our expectations as of October 24, 2024. Net sales are now expected to increase approximately 12% to $4.8 billion. Diluted earnings per share is now expected to be in the range of $5.15 to $5.25.
Positive Outlook
- Net sales are now expected to increase approximately 12% to $4.8 billion.
- Gross margin is now expected to be in the range of 55% to 55.5%.
- SG&A expenses as a percentage of net sales are now expected to be approximately 35%.
- Operating margin is now expected to be in the range of 20% to 20.5%.
- Effective tax rate is expected to be in the range of 23% to 23.5%.
Challenges Ahead
- Changes in economic conditions, including consumer confidence, discretionary spending, inflationary pressures, and foreign currency fluctuations
- Supply chain disruptions
- Geopolitical tensions
- The earnings per share guidance does not take into account the impact from any potential future share repurchases.
- Our ability to accurately forecast results is subject to significant risks and uncertainties
Revenue & Expenses
Visualization of income flow from segment revenue to net income