![]() There were no outstanding borrowings.ĭuring the quarter, the company repurchased about 127 thousand shares for $44.6 million. The company ended the quarter with total stockholders’ equity of $1,769.2 million. DTC net sales rose 18.7% to $699.3 million, while comparable DTC net sales jumped 22.1%.ĭomestic net sales increased 13.9% year over year to $906.8 million, while International net sales rose 12.1% to $438.8 million.Ĭash and cash equivalents stood at $1,057.8 million as of Dec 31, 2022, compared with $843.5 million as of Mar 31, 2022. Wholesale net sales climbed 8% year over year to $646.3 million. Net sales for Other brands, mainly comprising Koolaburra, fell 12.1% to $26.9 million. Net sales for the Sanuk brand declined 7.4% to $5.6 million. Teva brand net sales increased 48.3% to $30.5 million. UGG brand net sales dipped 1.6% to $930.4 million. HOKA ONE ONE brand net sales surged 90.8% to $352.1 million. Deckers Outdoor Corporation Price, Consensus and EPS Surpriseĭeckers Outdoor Corporation price-consensus-eps-surprise-chart | Deckers Outdoor Corporation Quote Brand-Wise Discussion The operating margin increased 230 basis points to 27%. ![]() ![]() The company posted an operating income of $362.7 million, up 23.6% from the year-ago quarter. ![]() As a percentage of net sales, SG&A expenses decreased 160 basis points to 26%, mainly owing to the benefits from foreign currency remeasurement. SG&A expenses climbed 6.7% year over year to $349.9 million. Gains from a favorable channel mix with Direct-to-Consumer (“DTC”) increasing faster than wholesale coupled with positive brand mix and price increases further aided the metric. We note that the gross margin increased 70 basis points to 53% during the quarter, backed by a significant benefit from lower freight costs, partly offset by foreign currency exchange headwinds. ![]()
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