NYSE$DECK

Deckers Outdoor Corp · Q4 2024 earnings

Q4 2024 earnings · · Investor relations

Briefing

Deckers reported record results, with revenue growth of 21.2% and EPS of $4.95.

Deckers Brands reported strong Q4 2024 results, with net sales increasing by 21.2% to $959.8 million and diluted earnings per share reaching $4.95. The company's performance was driven by growth in both the HOKA and UGG brands, as well as strength in both direct-to-consumer and wholesale channels.

  • Net sales increased by 21.2% to $959.8 million.
  • Direct-to-Consumer net sales increased 21.0% to $415.2 million.
  • Wholesale net sales increased 21.4% to $544.6 million.
  • Diluted earnings per share was $4.95, compared to $3.46 in the same period last year.

Headline financials

Total Revenue

$960M

Previous: $792M+21.2%
EPS (adj)

$0.83

Previous: $0.58+43.1%
Capital Expenditures

$15.3M

Previous: $25M-38.8%
Net Income

$128M

Previous: $91.8M+39.0%
Operating Income

$144M

Previous: $106M+36.2%
Gross Profit

$539M

Previous: $396M+36.2%
Stock-Based Comp

$8.6M

Previous: $8.77M-1.9%

Revenue & EPS history

Deckers · Revenue · Quarterly

$960M

Q4 2024+21.2%vs Q4 2023
Beat estimate in 13 of 15 quarters(87%)
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

The Company’s full fiscal year 2025 outlook is forward-looking in nature, reflecting our expectations as of May 23, 2024, and is subject to significant risks and uncertainties that limit our ability to accurately forecast results. Net sales are expected to increase approximately 10% to $4.7 billion. Diluted earnings per share is expected to be in the range of $29.50 to $30.00.

Tailwinds

  • Net sales are expected to increase approximately 10% to $4.7 billion.
  • Gross margin is expected to be approximately 53.5%.
  • Operating margin is expected to be approximately 19.5%.
  • Effective tax rate is expected to be in the range of 22% to 23%.
  • Diluted earnings per share is expected to be in the range of $29.50 to $30.00.

Headwinds

  • Changes in economic conditions, including consumer confidence and discretionary spending
  • Inflationary pressures
  • Foreign currency fluctuation
  • Geopolitical tensions
  • Supply chain disruptions, constraints and related expenses

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 2024

Historical avgQ4 2024

+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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