Deckers Q1 EPS $2.41 (+45% YoY); HOKA sales +27.4%; raises FY24 EPS outlook

DECKERS OUTDOOR CORP

2024-Q1 EPS reported $2.41 revenue$675,791,000

Revenue $675.8M (+10% YoY); DTC sales +35.3% to $250.4M.
HOKA brand net sales $420.5M (+27.4%); UGG fell 6.0% to $195.5M.
Gross margin improved to 51.3% vs 48.0%; operating income $70.7M.
FY24 EPS guidance raised to $21.75-$22.25; revenue seen ~$3.98B.
Cash $1.05B, no debt; repurchased ~52k shares for $25.5M in Q1.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

DECKERS OUTDOOR CORP reported the first quarter ended June 30, 2023 results: revenue $676 MILLION, EPS $2.41.

Period: the first quarter ended June 30, 2023
Revenue: $676 MILLION
EPS: $2.41
Result: reported results

Exact text from the filing

DECKERS BRANDS REPORTS FIRST QUARTER FISCAL 2024 FINANCIAL RESULTS • FIRST QUARTER FY 2024 REVENUE INCREASED 10% TO $676 MILLION • FIRST QUARTER FY 2024 DILUTED EARNINGS PER SHARE INCREASED 45% TO $2.41

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

DECKERS OUTDOOR CORP reported the fiscal year ending March 31, 2024 results: revenue approximately $3.980 billion, EPS $21.75 to $22.25. Guidance raised.

Period: the fiscal year ending March 31, 2024
Revenue: approximately $3.980 billion
EPS: $21.75 to $22.25
Guidance: raised
Result: guidance update

Exact text from the filing

• Net sales are now expected to be approximately $3.980 billion. • Gross margin is still expected to be approximately 52%. • SG&A expenses as a percentage of sales are still projected to be approximately 34%. • Operating margin is still expected to be approximately 18%. • Effective tax rate is still expected to be approximately 22% to 23%. • Diluted earnings per share is now expected to be in the range of $21.75 to $22.25. • The earnings per share guidance does not assume any impact from potential future share repurchases.

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Source: SEC EDGAR

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