Company Performance - Deckers Brands' revenue grew from $1.8 billion in fiscal 2017 to $4.3 billion in fiscal 2024, an 18% year-over-year increase [1] - First quarter 2025 revenues increased 22% to $825 million, with direct-to-consumer sales up 24% and wholesale sales up 21% [2] - Operating income surged nearly 90% from $70.7 million in the previous year to $132.8 million in the first quarter of 2025 [2] Leadership Transition - Stefano Caroti, who has been with Deckers for nine years, takes over as CEO from Dave Powers [3] - Powers led the company through significant growth, with revenues increasing from $1.8 billion to $4.3 billion during his tenure [1] - Caroti's promotion to CEO is seen as a continuation of the successful strategy he helped develop [21] Brand Performance - Hoka led the brand performance with a 30% increase in revenue to $545.2 million in the first quarter of 2025 [5] - Ugg grew 14% to $223 million, while Koolaburra, a more affordable Ugg spin-off, saw a 124% increase to $4 million [5] - Teva sandals declined 4% to $46.4 million, and Sanuk dropped 28% to $6.9 million, with Sanuk set to be divested [6] Financial Guidance - Deckers projects a 10% annual revenue increase to $4.7 billion, with an operating margin target of 19.5% to 20% [6] - The company's current operating margin is 16% [6] - Analysts predict a potential 13% revenue increase by year-end, citing Deckers' conservative guidance [7] Stock Performance - Deckers' stock price rose from $674 at the start of the year to $923 by July, prompting a six-for-one stock split announcement in September [8] Strategic Focus - Hoka's growth is a key focus, with plans to expand wholesale distribution and increase direct-to-consumer sales [11][12] - The company aims to grow Hoka's athletic apparel offerings to capture more market share [13] - Ugg is transitioning from a trend-focused brand to a year-round, near-luxury lifestyle brand, with a focus on maintaining demand higher than supply [18][19] Retail Expansion - Hoka operates 26 stores globally, with plans to expand strategically rather than rapidly [12][13] - Ugg has around 60 full-priced stores and 80 outlets worldwide, with a focus on driving demand through wholesale and direct-to-consumer channels [19] Brand Awareness - Hoka's global brand awareness is growing, with strong consumer retention and loyalty [14] - Ugg's Koolaburra franchise is helping to attract next-generation customers to the near-luxury parent brand [20]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended June 30, 2024 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number: 001-36436 DECKERS OUTDOOR CORPORATION (Exact name of registrant as specified in its charter) Delaware 95-3015862 (State or other jur ...

Investment Rating - Buy (maintained) [1] Core Views - Revenue and EPS exceeded expectations, with significant improvement in profit margins [1][3] - FY2025Q1 revenue was $830 million, up 22% YoY, and OP was $130 million, up 87.8% YoY [1] - Net profit was $120 million, up 81.9% YoY, with a net margin of 14%, up 4.6pct YoY [1] - Diluted EPS was $4.52, compared to $2.41 in the same period last year [1] - HOKA brand revenue grew 29.7% YoY to $545 million, driven by strong sales of core products and new product launches [3] - UGG brand revenue increased 14% YoY to $223 million, with wholesale revenue up 18% due to replenishment demand [3] - The company raised its FY2025 revenue guidance to $4.7 billion, up 10% YoY, and adjusted its EPS guidance to $29.75-$30.65 [3][6] Financial Performance - FY2025Q1 GPM was 56.9%, up 5.6pct YoY, driven by higher-margin products and increased full-price sales [1][3] - OPM improved to 16.1%, up 5.6pct YoY [1] - Inventory at the end of the quarter was $750 million, up 1.7% YoY, reflecting healthy inventory levels [3] - US revenue grew 23% YoY to $516 million, while international revenue increased 20.8% YoY to $310 million, with strong performance in China and EMEA [3] Brand Performance - HOKA's DTC revenue grew 33% YoY to $210 million, and wholesale revenue increased 28% YoY to $330 million [3] - UGG's DTC revenue rose 8% YoY to $80 million, while wholesale revenue surged 18% YoY to $143 million [3] - Teva revenue declined 4.3% YoY to $46 million, and Sanuk revenue fell 28.4% YoY to $6.9 million [3] - Other brands, including Koolaburra, saw revenue increase 123.5% YoY to $4 million [3] Future Outlook - The company expects FY2025 revenue to grow 10% YoY to $4.7 billion, with GPM guidance raised to 54% [3][6] - OPM guidance is revised to 19.5%-20%, and SG&A expense ratio is expected to be 34%-34.5% [6] - HOKA is projected to grow 20% YoY in FY2025, while UGG is expected to grow in the mid-single digits [6] - Sanuk brand is set to be divested in August 2024, and a new CEO will take over on August 1, 2024 [6] Valuation and Forecast - The company is expected to achieve revenue of $4.79 billion, $5.29 billion, and $5.81 billion in FY2025, FY2026, and FY2027, respectively, with YoY growth of 11.8%, 10.3%, and 9.8% [7] - Net profit is forecasted to be $788 million, $882 million, and $965 million for FY2025, FY2026, and FY2027, respectively [7] - Diluted EPS is projected to be $30.2, $33.9, and $37.0 for FY2025, FY2026, and FY2027, respectively [7] - The stock's P/E ratio is 30.7x, 27.4x, and 25.0x for FY2025, FY2026, and FY2027, respectively [7]

Deckers Outdoor Corporation (NYSE:DECK), together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities in the United States and internationally. We have started covering this company in May 2024, primarily due to the extraordinary popularity of its UGG and HOKA brands in the recent past. At that time, we have rated the company's stock as "Hold", due to the perceived limited upside potential, based on its fundamen ...

For the current quarter, Deckers is expected to post earnings of $7.03 per share, indicating a change of +3.1% from the year-ago quarter. The Zacks Consensus Estimate has changed +1.5% over the last 30 days. The consensus earnings estimate of $31.33 for the current fiscal year indicates a year-over-year change of +7.4%. This estimate has changed +2.1% over the last 30 days. For the next fiscal year, the consensus earnings estimate of $35.08 indicates a change of +12% from what Deckers is expected to report ...

Robert Way/iStock Editorial via Getty Images I last covered Deckers Outdoor Corporation (NYSE:DECK) on June 6th, where I believed that the stock was overvalued with excessive investor optimism baked into its valuation, making it prone to a sharp pullback, especially as revenue growth rates slow from their prior levels. I did emphasize, however, that the company had been operating resiliently, as it saw its HOKA and UGG brands continuing to outperform as it leveraged a robust product portfolio. It is also ma ...

Deckers owns various shoe brands including its big two brands, Hoka and Ugg. Net sales for both of these brands were up in Q1, leading to overall revenue growth of 22%. The company's Q1 gross margin of nearly 57% was up sharply from a gross margin of just north of 51% in the prior-year period. And this major improvement led to strong bottom-line profitability. Shares of shoe company Deckers Outdoor (DECK 8.12%) jumped on Friday after the company reported financial results for its fiscal first quarter of 202 ...

The Zacks Consensus Estimate for Abercrombie & Fitch's current financial-year revenues and earnings calls for growth of 10.4% and 47.3%, respectively, from the year-ago reported figures. Abercrombie & Fitch has a trailing four-quarter earnings surprise of 210.3%, on average. SG&A expenses climbed 22.3% year over year to $337.2 million. As a percentage of net sales, SG&A stood at 40.9%, 10 basis points higher than the last year. We had anticipated a year-over-year increase of 20.4% in the metric. The company ...

The footwear company's quarterly gross margin was 56.9% compared to 51.3% a year ago. Operating income was $132.8 million compared to $70.7 million a year earlier. During the first fiscal quarter, the company repurchased approximately 177 thousand shares of its common stock for a total of $152.0 million at a weighted average price paid per share of $858.79. Photo by Nattawit Khomsanit via Shutterstock Deckers Outdoor Corporation DECK shares are trading higher today. Check This Out: Deckers Outdoor Q1 Earnin ...

Deckers Brands (DECK) shares surged Friday, a day after the footwear company released earnings that showed sales for its popular brands Hoka and Uggs jumped 30% and 14%, respectively, compared to the same time last year. Key Takeaways Deckers reported $825.3 million in sales for the first quarter of fiscal 2025, up just over 22% from $675.8 million a year ago, and above analysts' expectations, according to estimates compiled by Visible Alpha. Popularity of Hoka, Uggs Boost Sales Much like it reported in May ...