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Mar 31, 2024
Deckers Q4 2024 Earnings Report
Deckers reported record results, with revenue growth of 21.2% and EPS of $4.95.
Key Takeaways
Deckers Brands reported strong Q4 2024 results, with net sales increasing by 21.2% to $959.8 million and diluted earnings per share reaching $4.95. The company's performance was driven by growth in both the HOKA and UGG brands, as well as strength in both direct-to-consumer and wholesale channels.
Net sales increased by 21.2% to $959.8 million.
Direct-to-Consumer net sales increased 21.0% to $415.2 million.
Wholesale net sales increased 21.4% to $544.6 million.
Diluted earnings per share was $4.95, compared to $3.46 in the same period last year.
Deckers
Deckers
Deckers Revenue by Segment
Deckers Revenue by Geographic Location
Revenue by Segment
HOKA Brand Revenue
CapyFin.comUGG Brand 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 May 23, 2024, and is subject to significant risks and uncertainties that limit our ability to accurately forecast results. Net sales are expected to increase approximately 10% to $4.7 billion. Diluted earnings per share is expected to be in the range of $29.50 to $30.00.
Positive Outlook
- Net sales are expected to increase approximately 10% to $4.7 billion.
- Gross margin is expected to be approximately 53.5%.
- Operating margin is expected to be approximately 19.5%.
- Effective tax rate is expected to be in the range of 22% to 23%.
- Diluted earnings per share is expected to be in the range of $29.50 to $30.00.
Challenges Ahead
- Changes in economic conditions, including consumer confidence and discretionary spending
- Inflationary pressures
- Foreign currency fluctuation
- Geopolitical tensions
- Supply chain disruptions, constraints and related expenses
Revenue & Expenses
Visualization of income flow from segment revenue to net income