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Mar 31, 2021
Deckers Q4 2021 Earnings Report
Deckers reported strong Q4 2021 financial results, marked by significant revenue growth and increased earnings per share.
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
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
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