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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.
Revenue by Segment
Revenue by Geographic Location
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
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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