AI English summary of an SEC filing — figures as filed
Deckers Brands DECKDeckers said net sales for fiscal 2024, which ended March 31, 2024, rose 18.2% from $3.627 billion in the prior fiscal year to $4.288 billion. Diluted earnings per share were $29.16, compared with $19.37 in the prior fiscal year.
Key points
AI summaryDeckers said net sales for fiscal 2024, which ended March 31, 2024, rose 18.2% from $3.627 billion in the prior fiscal year to $4.288 billion. Diluted earnings per share were $29.16, compared with $19.37 in the prior fiscal year.
The company said net sales for the quarter ended March 31, 2024 rose 21.2% to $959.8 million from $791.6 million a year earlier, with Q4 as the quarter. HOKA sales increased 34.0% to $533.0 million, and UGG sales increased 14.9% to $361.3 million.
The company said gross margin for fiscal 2024 was 55.6%, compared with 50.3% in the prior fiscal year. Operating income was $927.5 million, compared with $652.8 million in the prior fiscal year. SG&A expenses were $1.458 billion.
The company said it expects net sales for fiscal 2025, which ends March 31, 2025, to rise approximately 10% to $4.7 billion, with diluted earnings per share in a range of $29.50 to $30.00. Cash and cash equivalents were $1.502 billion as of March 31, 2024, and the company had no outstanding borrowings.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Annual net sales reach $4.288 billion, up 18.2%
Deckers said net sales for fiscal 2024, which ended March 31, 2024, rose 18.2% from $3.627 billion in the prior fiscal year to $4.288 billion. Diluted earnings per share were $29.16, compared with $19.37 in the prior fiscal year.
Source · Based on the filing body and exhibits
Net sales of $959.8 million in Q4 and HOKA and UGG results
The company said net sales for the quarter ended March 31, 2024 rose 21.2% to $959.8 million from $791.6 million a year earlier, with Q4 as the quarter. HOKA sales increased 34.0% to $533.0 million, and UGG sales increased 14.9% to $361.3 million.
Source · Based on the filing body and exhibits
Annual gross margin and operating income
The company said gross margin for fiscal 2024 was 55.6%, compared with 50.3% in the prior fiscal year. Operating income was $927.5 million, compared with $652.8 million in the prior fiscal year. SG&A expenses were $1.458 billion.
Source · Based on the filing body and exhibits
Fiscal 2025 outlook, cash and borrowings
The company said it expects net sales for fiscal 2025, which ends March 31, 2025, to rise approximately 10% to $4.7 billion, with diluted earnings per share in a range of $29.50 to $30.00. Cash and cash equivalents were $1.502 billion as of March 31, 2024, and the company had no outstanding borrowings.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
Loading the filing text…