Hoka's net sales jumped 34% in the fourth quarter, contributing nearly 56% to Deckers' revenue, while those of UGG were up 14.9%. UGG accounted for nearly 38% of its overall sales. Those strong sales figures prompted at least 14 analysts to raise their price targets on the stock. Upstart brands such as On Holdings and Deckers Outdoor have been able to sustain demand as wholesale retailers open their shelf spaces to their innovative products at a time when giants such as Nike and Adidas are taking a hit. The ...

Deckers Outdoor Corporation (DECK) witnessed an 8.6% jump in its share price during the after-market trading session on May 23. This rally was in response to the company's outstanding fourth-quarter fiscal 2024 performance and optimistic fiscal 2025 sales forecast. The strong quarterly results were underpinned by the exceptional performance of the HOKA ONE ONE and UGG brands. Deckers has shown robust growth through its strategic focus on expanding its brand presence and strengthening direct-to-consumer chan ...

Deckers Outdoor Corporation (NYSE:DECK) Q4 2024 Earnings Conference Call May 23, 2024 4:30 PM ET Company Participants Erinn Kohler - Vice President-IR and Corporate Planning Dave Powers - President and CEO Steve Fasching - CFO Stefano Caroti - Chief Commercial Officer Conference Call Participants Laurent Vasilescu - BNP Paribas Jay Sole - UBS John Kernan - TD Cowen Sam Poser - Williams Trading Janine Stichter - BTIG Jonathan Komp - Baird Operator Good afternoon and thank you for standing by. Welcome to the ...

This quarterly report represents an earnings surprise of 75.53%. A quarter ago, it was expected that this maker of Ugg footwear would post earnings of $11.40 per share when it actually produced earnings of $15.11, delivering a surprise of 32.54%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Deckers, which belongs to the Zacks Retail - Apparel and Shoes industry, posted revenues of $959.76 million for the quarter ended March 2024, surpassing the Zacks Consensus E ...

DECKERS BRANDS REPORTS FOURTH QUARTER AND FULL FISCAL YEAR 2024 FINANCIAL RESULTS Goleta, California (May 23, 2024) -- Deckers Brands (NYSE: DECK), a global leader in designing, marketing, and distributing innovative footwear, apparel, and accessories, today announced financial results for the fourth fiscal quarter and full fiscal year ended March 31, 2024. The Company also provided its financial outlook for the full fiscal year ending March 31, 2025. Exhibit 99.1 "Deckers achieved record results during fis ...

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The first-quarter 2024 earnings season is approaching its end. So far, results have come in better than expected. As of May 17, 467 companies on the S&P 500 Index reported their financial numbers. Total earnings for these 467 index members increased 4.6% from the same period last year on 4% higher revenues, with 77.7% beating EPS estimates and 60.2% beating revenue estimates. At present, total earnings of the S&P 500 Index in first-quarter 2024 are expected to be up 6.3% on 4.3% higher revenues. This follow ...

Investment Rating and Core Views - The report initiates coverage with a "Buy" rating, forecasting FY2024-2026 revenue of $4.15B/$4.69B/$5.19B, representing YoY growth of +14.4%/+13.0%/+10.7%, and net income of $691M/$777M/$865M, with YoY growth of +33.7%/+12.4%/+11.3% [2] - The long-term outlook is positive due to the company's brand matrix growth and future development prospects [2] Financial Projections and Valuation - The company's FY2024-2026 PE ratios are projected at 33X/30X/27X based on the closing price of $888.56 on May 17, 2024 [2] - FY2024-2026 gross margins are expected to be 54.4%/54.5%/54.8%, with UGG and HOKA revenue growth rates projected at 14.4%/6.8%/4.5% and 20.8%/22.2%/18.7%, respectively [16] Brand Performance and Strategy - UGG leverages fashion collaborations to create popular items, successfully attracting trend-conscious consumers and solidifying its leadership in the global fashion market [5] - HOKA has gained recognition through endorsements from marathon champions and elite teams, becoming the most used brand at the 2022 UTMB event [6] - UGG's international direct stores exhibit high ATV and conversion rates, while HOKA is in the early stages of international expansion with localized products [13] Product and Market Analysis - UGG's product line covers six major scenarios, including rain, snow, extreme cold, indoor, casual, and summer, alleviating product homogeneity and boosting brand popularity [187] - HOKA's performance running shoes offer superior cushioning and support, with a focus on lightweight, thick-soled designs that provide excellent shock absorption and stability [47][169] Operational Efficiency and Channel Strategy - The company has improved operational efficiency through DTC expansion, increasing the DTC revenue share from 34% in FY2015 to 43.3% in FY2024 Q1-Q3 [12] - Future plans aim for a 50% DTC and wholesale revenue split, with continued emphasis on DTC channel growth [12] Industry and Market Trends - The global footwear market has shown recovery since 2021, with retail sales reaching $384.05B in 2023, and a projected CAGR of over 5% from 2023 to 2028 [119][120] - The outdoor sports market is expanding, driven by emerging platforms and increased participation among younger demographics, with a CAGR of 11.9% from 2020-2022 and 4.7% from 2023-2025E [145] Consumer Insights - UGG's primary consumer base consists of young and middle-aged women, while HOKA's audience is more evenly distributed across genders, with a focus on middle-aged consumers [112][115] - HOKA's consumer base is growing, with 59% of owners under 35 and a higher likelihood of purchase among women and middle-aged consumers [177] Marketing and Branding - UGG has successfully reversed its brand image through celebrity endorsements and collaborations, becoming a staple in streetwear and fashion [166][189] - HOKA focuses on community marketing, organizing running events and providing personalized services to enhance customer loyalty and brand experience [196][222]

Wall Street analysts forecast that Deckers (DECK) will report quarterly earnings of $2.75 per share in its upcoming release, pointing to a year-over-year decline of 20.5%. It is anticipated that revenues will amount to $876.05 million, exhibiting an increase of 10.7% compared to the year-ago quarter. Bearing this in mind, let's now explore the average estimates of specific Deckers metrics that are commonly monitored and projected by Wall Street analysts. According to the collective judgment of analysts, 'Ne ...

Growth stocks offer the potential to outperform the stock market. Picking individual growth stocks takes more effort than buying an ETF, but the returns can make it worth it. One common problem with growth investments is that they attract many investors and end up with high valuations. High P/E ratios and PEG ratios don't leave much room for error. Some stocks continue to soar despite high valuations thanks to strong financial growth. However, combining financial growth with reasonable valuations is possibl ...