Deckers Outdoor (DECK) reported earnings on Thur 19 May 22 (a/h)

 

Deckers Outdoor beats by $1.19, beats on revs; guides FY23 EPS in-line, revs above consensus

• Reports Q4 (Mar) earnings of $2.51 per share, $1.19 better than the S&P Capital IQ Consensus of $1.32; revenues rose 31.1% year/year to $736 mln vs the $639.81 mln S&P Capital IQ Consensus.
  • Gross margin was 48.7% compared to 53.2% last year.
  • UGG brand net sales increased 24.7% to $374.6 million compared to $300.5 million.
  • HOKA brand net sales increased 59.7% to $283.5 million compared to $177.5 million.
  • Teva brand net sales decreased 8.8% to $54.8 million compared to $60.2 million.
  • Sanuk brand net sales decreased 1.7% to $11.9 million compared to $12.1 million.
  • Other brands, primarily composed of Koolaburra, net sales increased 2.4% to $11.2 million compared to $10.9 million.
• Co issues guidance for FY23, sees EPS of $17.40-18.25 vs. $18.11 S&P Capital IQ Consensus; sees FY23 revs of $3.45-3.50 bln vs. $3.44 bln S&P Capital IQ Consensus.