NYSE$DECK
Deckers Outdoor Corp · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Deckers Brands reported strong Q4 2023 results, with revenue up 7.5% and diluted EPS increasing to $3.46.
Deckers Brands reported a 7.5% increase in net sales to $791.6 million for the fourth quarter of fiscal year 2023. Diluted earnings per share increased to $3.46 compared to $2.51 for the same period last year. The HOKA brand was a significant driver of growth, while the UGG brand experienced a decline in net sales.
- Net sales increased by 7.5% to $791.6 million.
- HOKA brand net sales increased by 40.3% to $397.7 million.
- UGG brand net sales decreased by 16.1% to $314.3 million.
- Diluted earnings per share increased to $3.46 compared to $2.51.
Headline financials
Revenue & EPS history
Deckers · Revenue · Quarterly
$792M
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
The Company's full fiscal year 2024 outlook projects net sales of approximately $3.950 billion and diluted earnings per share in the range of $21.10 to $21.60.
Tailwinds
- Net sales are expected to be approximately $3.950 billion.
- Gross margin is expected to be approximately 52%.
- SG&A expenses as a percentage of sales are projected to be approximately 34%.
- Operating margin is expected to be approximately 18%.
- Effective tax rate is expected to be approximately 22% to 23%.
Headwinds
- Supply chain disruptions, constraints and related expenses
- Labor shortages
- Changes in economic conditions including foreign currency fluctuation, inflationary pressures, consumer confidence and discretionary spending
- Geopolitical tensions
- The earnings per share guidance does not assume any impact from potential future share repurchases.
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 Q4 2023
+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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