earnings
confidence high
sentiment neutral
materiality 0.70
Deckers Q1 net sales up 21.8% to $614.5M; HOKA tops $1B trailing; board adds $1.2B buyback
DECKERS OUTDOOR CORP
2023-Q1 EPS reported
$1.66
revenue$614,461,000
- Net sales $614.5M (+21.8% YoY); diluted EPS $1.66 vs $1.71. Gross margin 48.0% vs 51.6%.
- HOKA brand net sales $330.0M (+54.9%), surpassing $1B on trailing twelve months.
- Board approved $1.2B increase to stock repurchase authorization, total ~$1.5B outstanding.
- FY 2023 guidance: net sales $3.45-3.50B (reaffirmed); EPS raised to $17.50-$18.35.
- Inventories $839.5M (+83% YoY); cash $695.2M; no outstanding borrowings.