Deckers Brands said operating margin for fiscal 2025 increased 200 basis points to 23.6%. The company said gross margin rose to 57.9% from 55.6% in the prior year, citing favorable brand and product mix as a primary driver.

1. 01

   Deckers Brands said operating margin for fiscal 2025 increased 200 basis points to 23.6%. The company said gross margin rose to 57.9% from 55.6% in the prior year, citing favorable brand and product mix as a primary driver.

2. 02

   Deckers Brands said the increase in total net sales was driven primarily by higher global net sales across all channels for the HOKA and UGG brands, partially offset by lower net sales for Other brands in the US. The company said the total volume of units sold increased 13.5% to 74,100 (in thousands).

3. 03

   Deckers Brands said the increase in operating cash flow for fiscal 2025 reflected improvements in net income after non-cash adjustments of $217,349 (in thousands), partially offset by negative changes in operating assets and liabilities of $206,010 (in thousands). Cash and cash equivalents as of March 31, 2025 were $1,889,188 (in thousands).

4. 04

   Deckers Brands said it completed the sale of the Sanuk brand and related assets during Q2 of fiscal 2025 (on August 15, 2024), and began taking steps to phase out standalone operations for the Koolaburra brand in Q3. The company said it changed its reportable operating segments to a brand-focused structure of three segments in Q4.

Key figures

Fiscal year ended March 31, 2025

Revenue

$5.0B

Operating income

$1.2B

Net income

$966M

EPS

$6.33

Gross profit

$2.9B

Operating cash flow

$1.0B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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

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