Loading...
•
Mar 31, 2023
Deckers Q4 2023 Earnings Report
Deckers Brands reported strong Q4 2023 results, with revenue up 7.5% and diluted EPS increasing to $3.46.
Key Takeaways
Deckers Brands reported a 7.5% increase in net sales to $791.6 million for the fourth quarter of fiscal year 2023. Diluted earnings per share increased to $3.46 compared to $2.51 for the same period last year. The HOKA brand was a significant driver of growth, while the UGG brand experienced a decline in net sales.
Net sales increased by 7.5% to $791.6 million.
HOKA brand net sales increased by 40.3% to $397.7 million.
UGG brand net sales decreased by 16.1% to $314.3 million.
Diluted earnings per share increased to $3.46 compared to $2.51.
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 2024 outlook projects net sales of approximately $3.950 billion and diluted earnings per share in the range of $21.10 to $21.60.
Positive Outlook
- Net sales are expected to be approximately $3.950 billion.
- Gross margin is expected to be approximately 52%.
- SG&A expenses as a percentage of sales are projected to be approximately 34%.
- Operating margin is expected to be approximately 18%.
- Effective tax rate is expected to be approximately 22% to 23%.
Challenges Ahead
- Supply chain disruptions, constraints and related expenses
- Labor shortages
- Changes in economic conditions including foreign currency fluctuation, inflationary pressures, consumer confidence and discretionary spending
- Geopolitical tensions
- The earnings per share guidance does not assume any impact from potential future share repurchases.
Revenue & Expenses
Visualization of income flow from segment revenue to net income