NYSE$DECK

Deckers Outdoor Corp · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Deckers Brands' first quarter performance for fiscal year 2021 reflected resilience with increased net sales and improved gross margin, despite operating at a loss.

Deckers Brands reported a 2.3% increase in net sales to $283.2 million for the first quarter of fiscal year 2021. The company experienced a gross margin increase to 50.3% and reduced SG&A expenses, but still reported an operating loss of $7.7 million and a net loss of $7.973 million, or $0.28 per share.

  • Net sales increased by 2.3% to $283.2 million, or 2.8% on a constant currency basis.
  • Gross margin improved to 50.3% compared to 47.0% in the same period last year.
  • Operating loss was reduced to $7.7 million from $31.4 million in the prior year.
  • DTC net sales surged by 74.2% to $139.8 million, offsetting a decline in wholesale net sales.

Headline financials

Total Revenue

$283M

Previous: $277M+2.3%
EPS (adj)

-$0.05

Previous: -$0.11+54.5%
Gross margin

50.3%

Previous: 47.0%+7.0%
Capital Expenditures

-$9.25M

Previous: -$7.39M-25.2%
Free Cash Flow

-$17.2M

Previous: -$26.7M+35.6%
Net Income

-$7.97M

Previous: -$19.4M+58.8%
Operating Income

-$7.7M

Previous: -$31.4M+75.5%
Gross Profit

$143M

Previous: $130M+9.7%
Cash & Equivalents

$662M

Previous: $503M+31.7%
Total Assets

$1.85B

Previous: $1.75B+5.6%
Stock-Based Comp

$3.69M

Previous: $3.47M+6.2%

Revenue & EPS history

Deckers · Revenue · Quarterly

$283M

Q1 2021+2.3%vs Q1 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Deckers · $2.24B total across 5 segments · Q4 2027

  • HOKA
    $671M
  • Wholesale
    $655M
  • Direct-to-Consumer
    $464M
  • UGG
    $409M
  • Other brands
    $39.5M

Forward guidance

Due to the ongoing and fluid economic environment related to the COVID-19 pandemic, the Company will not be providing full year guidance for fiscal year 2021.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+0.7%

Avg return

Earnings day

+2.8%

Avg return

5 days after

+5.4%

Avg return

30 days after

54%

38 / 71 earnings

Positive

+21.1%

Q3 2013

Best reaction

-23.3%

Q1 2012

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2027+2.5%+9.7%+4.8%
Q3 2026+6.7%+12.4%+17.4%
Q2 2026-15.2%-18.2%-17.0%
Q1 2026+11.3%+5.4%+4.0%
Q4 2025-19.9%-17.3%-19.4%
Q3 2025-20.5%-22.7%-37.5%
Q2 2025+11.4%+12.3%+27.3%
Q1 2025+5.8%+7.7%+15.2%
Q4 2024+15.7%+20.9%+9.8%
Q3 2024+17.0%+9.5%+19.8%
Q2 2024+17.0%+21.3%+29.4%
Q1 2024-4.3%-2.8%-6.5%
Q4 2023+5.6%+11.1%+14.9%
Q3 2023-3.3%-2.5%+0.0%
Q2 2023-4.4%+0.4%+5.5%
Q1 2023+11.3%+9.3%+16.7%
Q4 2022+12.3%+6.0%+10.1%
Q3 2022-8.1%-9.2%-25.7%
Q2 2022+5.1%+5.1%+10.2%
Q1 2022+1.6%+6.4%+4.7%
Q4 2021+3.9%+3.8%+0.7%
Q3 2021+2.3%+5.1%+2.2%
Q2 2021+1.3%+0.6%+4.0%
Q1 2021-4.4%-6.1%-3.9%
Q4 2020+10.3%+10.8%+20.6%
Q3 2020+8.1%+7.4%-1.6%
Q2 2020-2.2%-2.9%+3.4%
Q1 2020-10.9%-13.1%-23.9%
Q4 2019+2.2%+0.5%+16.9%
Q3 2019+11.6%+9.6%+16.3%
Q2 2019+8.4%+20.9%+15.1%
Q1 2019-6.4%-4.9%-0.5%
Q4 2018+4.4%+4.5%+15.9%
Q3 2018+9.2%+10.8%+11.9%
Q2 2018+5.5%-0.6%+7.6%
Q1 2018+2.6%+3.1%-0.4%
Q4 2017+15.7%+16.9%+16.0%
Q3 2017-18.0%-20.9%-3.7%
Q2 2017+5.2%-1.0%+23.6%
Q1 2017+3.6%-2.0%+5.1%
Q4 2016+8.7%+7.4%+14.2%
Q3 2016-4.6%
Q2 2016+6.7%
Q1 2016+4.9%
Q4 2015-4.8%
Q3 2015-18.9%
Q3 2014-2.7%
Q2 2015-9.6%
Q2 2014-0.2%
Q1 2015+6.5%
Q4 2014+5.6%
Q1 2014+2.7%
Q4 2013-9.7%
Q3 2013+21.1%
Q2 2013-7.5%
Q1 2013-8.1%
Q4 2012+15.5%
Q3 2012-20.7%
Q2 2012+9.7%
Q1 2012-23.3%
Q4 2011+4.0%
Q3 2011-8.3%
Q2 2011-6.2%
Q1 2010-0.1%
Q1 2011-0.1%
Q4 2008-4.1%
Q3 2009-1.5%
Q3 2010-1.5%
Q4 2009-1.9%
Q2 2009-1.9%
Q2 2010-1.9%

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