2023-05-25 16:16:47 ET
Deckers Outdoor Corporation ( NYSE: DECK ) reported sales growth of 7.5% in Q4 to a consensus-topping mark of $792M. Sales were up 10.2% on a constant-currency basis. Direct-to-consumer sales jumped 19.5% to $343M.
Domestic net sales were up 4.1% to $542M and international sales increased 15.8% to $249M.
Brand sales growth: UGG -16.1% to $314M, HOKA +40.3% to $398M, Teva +14.6% to $63M, Sanuk -10.5% to $10.7M.
Operating income was $105.9M vs. $81.3M a year ago.
CEO update: "We continue to deliver record results, including the HOKA brand adding more than half a billion dollars of top-line revenue. We are energized for the path ahead as we continue investing behind our long-term strategic priorities, while maintaining a disciplined approach to managing our operating model to drive sustainable future success."
Looking ahead, Deckers ( DECK ) guided for sales of about $3.95B vs. $3.97B consensus. Gross margin is now expected to be approximately 52%.
Shares of Deckers Outdoor ( DECK ) gained 1.04% in the after-hour session to $455.00.
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Deckers Outdoor gains after Hoka strength leads to Q4 earnings smasher