$DECK (-2,4%)

🔹 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

$DECK (-2,4%) | Deckers Brands Q2'25 Earnings Highlights

🔹 EPS: $1.59

🔹 Revenue: $1.31B (Est. $1.2B) 🟢; UP +20% YoY

🔹 Gross Margin: 55.9% (vs. 53.4% YoY) 

🔹 Operating Margin: 23.3% (vs. 20.6% YoY)

Raised FY25 Guidance:

🔹 Revenue: ~$4.8B (Prior: ~$4.7B); UP +12% YoY 🟢

🔹 EPS: $5.15-$5.25 

🔹 Gross Margin: 55%-55.5%

🔹 Operating Margin: 20%-20.5% (Previous: 19.5%-20%) 

Segment Revenue:

🔹 HOKA Brand: $570.9M (Est. $517.7M) 🟢; UP +34.7% YoY

🔹 UGG Brand: $689.9M (Est. $634.4M) 🟢; UP +13% YoY

🔹 Teva Brand: $22.0M (Est. $21.1M) 🟢; UP +2.3% YoY

🔹 Sanuk Brand: $2.8M; DOWN -47.6% YoY 

🔹 Other Brands: $25.8M; DOWN -15.8% YoY 

Channel Performance:

🔹 Direct-to-Consumer (DTC) Revenue: $397.7M; UP +19.9% YoY

🔹 Wholesale Revenue: $913.7M; UP +20.2% YoY

🔹 Domestic Revenue: $853.9M; UP +14.2% YoY

🔹 International Revenue: $457.4M; UP +33% YoY

Other Financial Metrics:

🔹 Cash & Cash Equivalents: $1.23B

🔹 Inventory: $777.9M

🔹 Share Repurchases: $104.3M (686K shares repurchased)

🔸 No outstanding borrowings

Deckers Earnings $DECK (-2,4%)

We've held a position in $DECK (-2,4%) since 2013...one of our strongest performers up +nearly 1,000%. A "tenbagger" as Peter Lynch calls stocks that return 10X your investment in 10 Years..