earnings
confidence high
sentiment positive
materiality 0.75
Deckers Q2 revenue up 21% to $876M; HOKA sales surge 58%; FY guidance reiterated
DECKERS OUTDOOR CORP
2023-Q2 EPS reported
$5.46
revenue$1,490,075,000
- Net sales $875.6M, up 21.3% (24.8% CC); diluted EPS $3.80 vs $3.66.
- HOKA brand sales $333M (+58.3%); UGG brand sales $476.5M (+6.3%).
- DTC net sales up 35.3% (comparable +38.2%); wholesale up 16.7%.
- Gross margin 48.2% vs 50.9%; operating income flat at $127.8M vs $128.2M.
- Cash $419M vs $746M; inventories $925M vs $636M; no debt; $1.5B buyback authorization remains.