Deckers Q4 2021 Earnings Report
Key Takeaways
Deckers Brands reported a strong fourth quarter and fiscal year 2021, with net sales increasing by 49.7% to $561.2 million and diluted earnings per share rising to $1.18. The company's performance was driven by growth in the HOKA brand and broad-based demand for UGG brand products. The Board of Directors also approved an additional share repurchase authorization of $750 million.
Net sales increased by 49.7% to $561.2 million.
Diluted earnings per share increased to $1.18, compared to $0.57 for the same period last year.
UGG brand net sales increased by 53.1% to $300.5 million.
HOKA ONE ONE brand net sales increased by 74.2% to $177.5 million.
Deckers
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Deckers Revenue by Segment
Forward Guidance
Deckers Brands provided its financial outlook for the full fiscal year ending March 31, 2022, expecting net sales to be in the range of $2.95 billion to $3.00 billion and diluted earnings per share to be in the range of $14.05 to $14.65.
Positive Outlook
- Net sales are expected to be in the range of $2.950 billion to $3.000 billion.
- Gross margin is expected to be approximately 53.3%.
- SG&A expenses as a percentage of sales are projected to be approximately 35.5%.
- Operating margin is expected to be in the range of 17.5% to 18.0%.
- Diluted earnings per share is expected to be in the range of $14.05 to $14.65.
Revenue & Expenses
Visualization of income flow from segment revenue to net income