NYSE$DECK
Deckers Outdoor Corp · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Deckers' Q3 2022 revenue increased by 10% to a record $1.188 billion, with updated fiscal year 2022 revenue and EPS outlooks.
Deckers Brands reported a record third quarter with revenue increasing 10% to $1.188 billion. The company updated its fiscal year 2022 revenue outlook to a growth rate of 19% to 20% and earnings per share outlook to a range of $14.50 to $15.15.
- Third Quarter Fiscal 2022 Revenue Increased 10% to a Record $1.188 Billion
- UGG brand net sales increased 7.9% to $945.9 million.
- HOKA brand net sales increased 30.3% to $184.6 million.
- Fiscal Year 2022 Earnings Per Share Outlook Updated to Range of $14.50 to $15.15
Headline financials
Revenue & EPS history
Deckers · Revenue · Quarterly
$1.19B
Revenue by segment
Deckers · $2.24B total across 5 segments · Q4 2027
- HOKA$671M—30.0%
- Wholesale$655M—29.3%
- Direct-to-Consumer$464M—20.7%
- UGG$409M—18.3%
- Other brands$39.5M—1.8%
Forward guidance
Net sales are now expected to be in the range of $3.03 billion to $3.06 billion. Diluted earnings per share is now expected to be in the range of $14.50 to $15.15.
Tailwinds
- Net sales are now expected to be in the range of $3.03 billion to $3.06 billion.
- Gross margin is now expected to be at or slightly below 51.5%.
- SG&A expenses as a percentage of sales are still projected to be approximately 34.0%.
- Operating margin is now expected to be approximately 17.5%.
- Diluted earnings per share is now expected to be in the range of $14.50 to $15.15.
Headwinds
- The Company has experienced disruption and delays within its sourcing network related to the COVID-19 pandemic.
- The most significant macro-level supply chain impacts the Company has experienced are extended transit lead times and cost pressures related to container shortages, port congestion, and trucking scarcity that have caused shipping delays and a higher usage of air freight.
- The full effect and duration of disruptions and delays are not yet known, and there are no indicators signaling material improvement near-term.
- Certain facilities are experiencing operational challenges that may cause further delays and cost pressures in future periods.
- The Company's wholesale partners and third-party logistics providers are also experiencing capacity constraints and labor shortages, which are having and may continue to have an adverse effect on the Company's operations.
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 Q3 2022
+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
| Quarter | Report date | Reaction (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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