Deckers(US:DECK)2024-07-25 20:10Financial Performance - First quarter fiscal 2025 revenue increased 22% to $825 million compared to $675.8 million, with a constant currency increase of 23%[6] - Diluted earnings per share (EPS) rose 87% to $4.52 from $2.41 in the same period last year[6] - The company raised its fiscal year 2025 diluted EPS guidance to a range of $29.75 to $30.65[6] - The company expects net sales to increase approximately 10% to $4.7 billion for the full fiscal year 2025[12] Sales Performance - Direct-to-Consumer (DTC) net sales increased 24% to $310.6 million, while wholesale net sales increased 21% to $514.8 million[7] - HOKA brand net sales surged 29.7% to $545.2 million, while UGG brand net sales increased 14% to $223 million[7] Profitability - Gross margin improved to 56.9% from 51.3% year-over-year[7] Shareholder Actions - The company repurchased approximately 177,000 shares for a total of $152 million at an average price of $858.79 per share[8] Cash Position - Cash and cash equivalents were $1.438 billion, up from $1.047 billion year-over-year[11] Strategic Decisions - The company plans to divest the Sanuk brand, with the transaction expected to close in August 2024[8]