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AI English summary of an SEC filing — figures as filed

Deckers Brands logoDeckers Brands DECK

Deckers said net sales for Q1 ended June 30, 2024 rose 22.1% year over year to $825.3 million from $675.8 million. On a constant currency basis, net sales increased 23.0%.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. Deckers said net sales for Q1 ended June 30, 2024 rose 22.1% year over year to $825.3 million from $675.8 million. On a constant currency basis, net sales increased 23.0%.

  2. The company said gross margin for Q1 was 56.9% (versus 51.3% a year earlier), operating income was $132.8 million (versus $70.7 million), and diluted EPS was $4.52 (versus $2.41).

  3. Deckers said HOKA brand net sales rose 29.7% to $545.2 million in Q1, and UGG brand net sales rose 14.0% to $223.0 million.

  4. The company said its diluted EPS outlook for fiscal 2025, which ends March 31, 2025, is $29.75 to $30.65. It said the outlook does not reflect the effect of potential future share repurchases or the proposed six-for-one forward stock split.

Summary

AI-written

Analysis 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.

Q1 Sales Rise $825.3 million, Up 22.1%

Deckers said net sales for Q1 ended June 30, 2024 rose 22.1% year over year to $825.3 million from $675.8 million. On a constant currency basis, net sales increased 23.0%.

Source · Based on the filing body and exhibits

Q1 Gross Margin 56.9%, Operating Income $132.8 million

The company said gross margin for Q1 was 56.9% (versus 51.3% a year earlier), operating income was $132.8 million (versus $70.7 million), and diluted EPS was $4.52 (versus $2.41).

Source · Based on the filing body and exhibits

HOKA, UGG Brand Sales in Q1

Deckers said HOKA brand net sales rose 29.7% to $545.2 million in Q1, and UGG brand net sales rose 14.0% to $223.0 million.

Source · Based on the filing body and exhibits

Annual Diluted EPS Outlook $29.75 to $30.65

The company said its diluted EPS outlook for fiscal 2025, which ends March 31, 2025, is $29.75 to $30.65. It said the outlook does not reflect the effect of potential future share repurchases or the proposed six-for-one forward stock split.

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.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.