🔹 Revenue: $1.83B (Est. $1.72B) 🟢; UP +17.1% YoY
🔹 EPS: $3.00 (Est. $2.51) 🟢; UP +19% YoY
🔹 Gross Margin: 60.3% (Est. 56.37%) 🟢
🔹 Operating Income: $567.3M (Est. $480.23M) 🟢
FY25 Guidance:
🔹 EPS: $5.75 - $5.80 (Prev: $5.50 - $5.65) 🟢
🔹 Revenue Growth: ~15% YoY, raising forecast to $4.9B
🔹 Gross Margin: ~57% (or slightly higher)
🔹 Operating Margin: ~22%
Segment Performance:
🔹 UGG Brand Revenue: $1.24B (Est. $1.14B) 🟢; UP +16.1% YoY
🔹 HOKA Brand Revenue: $530.9M (Est. $520.41M) 🟢; UP +23.7% YoY
🔹 Teva Brand Revenue: $24.1M (Est. $25.05M) 🔴; DOWN -6% YoY
🔹 Other Brands Revenue: $28.0M (Est. $30.03M) 🔴; DOWN -16.6% YoY
Geographic Performance:
🔹 Domestic Revenue: $1.17B; UP +11.5% YoY
🔹 International Revenue: $657.9M; UP +28.5% YoY
Cash Flow & Financial Position:
🔹 Cash & Cash Equivalents: $2.24B (UP from $1.65B YoY)
🔹 Inventories: $576.7M (UP from $539.0M YoY)
🔹 No outstanding borrowings
🔹 Stock Buyback: Repurchased 275K shares for $44.7M at an avg. price of $162.85/share
CEO & Leadership Commentary:
🔸 CEO Stefano Caroti: "Deckers delivered exceptional Q3 results, setting new records for revenue, gross margin, and earnings. UGG’s global momentum and HOKA’s continued growth reflect strong consumer demand. Our increased full-year outlook reflects our strategic execution, consistent mid-teens growth, and commitment to best-in-class margins."
Strategic & Business Highlights:
🔸 Strong growth in UGG and HOKA brands driving record revenue
🔸 Maintaining top-tier operating margin levels despite macroeconomic uncertainties
🔸 Continued focus on innovation in performance footwear & global brand expansion
🔸 Growing direct-to-consumer (DTC) business, which now represents over $1B in sales
