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Dec 31, 2024
Deckers Q3 2025 Earnings Report
Deckers reported record quarterly revenue, gross margin, and earnings, driven by UGG and HOKA brands.
Key Takeaways
Deckers Brands reported exceptional third-quarter results with a 17% increase in revenue to a record $1.83 billion and a 19% increase in diluted EPS to a record $3.00. The company has raised its full-year revenue growth guidance to approximately 15% and diluted EPS guidance to a range of $5.75-$5.80.
Third quarter revenue increased 17% to a record $1.83 billion.
Third quarter diluted EPS increased 19% to a record $3.00.
Full year revenue growth guidance raised to approximately 15%.
Full year diluted EPS guidance raised to range of $5.75-$5.80.
Deckers
Deckers
Deckers Revenue by Segment
Deckers Revenue by Geographic Location
Revenue by Segment
HOKA Brand Revenue
CapyFin.comUGG Brand Revenue
CapyFin.comOther Brands 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 January 30, 2025, and is subject to significant risks and uncertainties that limit our ability to accurately forecast results. Net sales are now expected to increase approximately 15% to $4.9 billion. Diluted earnings per share is now expected to be in the range of $5.75 to $5.80.
Positive Outlook
- Net sales are now expected to increase approximately 15% to $4.9 billion.
- Gross margin is now expected to be at or slightly better than 57%.
- SG&A expenses as a percentage of net sales are still expected to be approximately 35%.
- Operating margin is now expected to be approximately 22%.
- Diluted earnings per share is now expected to be in the range of $5.75 to $5.80.
Challenges Ahead
- Foreign currency fluctuations.
- Changes in economic conditions, including consumer confidence, discretionary spending, and inflationary pressures.
- Supply chain disruptions.
- Geopolitical tensions.
- Effective tax rate is expected to be approximately 23.5%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income