Deckers Brands said total net sales for the 3 months ended June 30, 2025 increased due to higher net sales for the HOKA and UGG brands, partially offset by lower net sales for Other brands. The company cited the sale of the Sanuk brand in August 2024 as a driver of the Other brands decrease, and said net sales increased 16.3% on a constant currency basis.

1. 01

   Deckers Brands said total net sales for the 3 months ended June 30, 2025 increased due to higher net sales for the HOKA and UGG brands, partially offset by lower net sales for Other brands. The company cited the sale of the Sanuk brand in August 2024 as a driver of the Other brands decrease, and said net sales increased 16.3% on a constant currency basis.

2. 02

   Gross margin decreased to 55.8% from 56.9%, the company said, citing unfavorable channel mix as wholesale revenue growth outpaced DTC revenue growth, higher promotional activity for the UGG and HOKA brands, and unfavorable changes in freight costs. The company noted increases in SG&A of approximately $15,000 for other expenses and approximately $13,300 for advertising, marketing, and promotion.

3. 03

   Net cash provided by operating activities for the 3 months ended June 30, 2025 decreased compared to the prior period, Deckers Brands said. The company explained that unfavorable changes in operating assets and liabilities were $105,877, while favorable net income after non-cash adjustments was $29,373, and cited higher inventory purchases as one driver of the unfavorable changes.

4. 04

   As of June 30, 2025, cash and cash equivalents were $1,720,416, down from $1,889,188 as of March 31, 2025, the company said. The company also said the aggregate remaining approved amount under its stock repurchase program is $2,441,711 and that the program does not obligate it to acquire any amount of common stock.

Key figures

Quarter ended June 30, 2025

Revenue

$965M

Operating income

$165M

Net income

$139M

EPS

$0.93

Gross profit

$538M

Operating cash flow

$36M

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. 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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