Deckers Outdoor‘s 4Q Net Sales have surpassed estimates, rising by 21% to $959.8 million, against an estimate of $884.4 million.
The UGG brand net sales have grown by 15% to reach $361.3 million, higher than the $319.3 million estimation.
Teva brand, on the other hand, experienced a decrease in net sales, falling by 16% to $53.0 million, slightly under the $54.1 million estimate.
Sanuk brand experienced the most significant sales drop, by 39%, net sales equalling $6.5 million against the $8.85 million predicted.
Notably, the HOKA brand outperformed with a 34% rise in net sales, reaching $533.0 million, surpassing the $491.4 million estimated.
The company’s Wholesale net sales also performed excellently, up by 21% to hit $544.6 million versus the expected $470.3 million.
With regards to gross margin, Deckers Outdoor performed better than estimates with 56.2% against a prediction of 51.6%.
Earnings per share (EPS) stood at $4.95, which is higher than the $3.46 of the previous year.
The company’s stock has been rated with 15 buys, 6 holds, and 2 sells.
Deckers Outdoor on Smartkarma
Analyst coverage on Deckers Outdoor by Baptista Research on Smartkarma reveals a bullish sentiment in their report titled “Deckers Brands: Initiation of Coverage – Why Their DTC Strategy Will Blow Your Mind! – Major Drivers.” The report highlights the company’s strong fiscal third quarter performance in 2024, with a 16% increase in total revenue to $1.56 billion driven by robust full-price consumer demand. Despite the positive outlook, the report also acknowledges potential risks and uncertainties that could impact future performance.
Baptista Research‘s coverage provides insights into Deckers Outdoor‘s positioning in the global footwear and apparel market, emphasizing the significance of the company’s direct-to-consumer (DTC) strategy. The research, available on Smartkarma, showcases a detailed analysis of major drivers fueling Deckers Brands’ growth trajectory. Investors can delve deeper into the report to gain valuable information on the company’s strategic initiatives and potential opportunities in the evolving retail landscape.
A look at Deckers Outdoor Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 4 | |
| Resilience | 5 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Deckers Outdoor Corporation, a company specializing in designing and marketing footwear and accessories, shows a promising long-term outlook according to Smartkarma Smart Scores analysis. With a strong growth score of 4 and top marks in resilience and momentum, Deckers Outdoor demonstrates robust potential for future expansion and sustainability in the market. Despite lower scores in value and dividend factors, the company’s focus on growth, resilience, and momentum positions it well for continued success in the industry.
Deckers Outdoor Corporation’s emphasis on innovative designs and market positioning has helped it achieve high scores in growth, resilience, and momentum. With a diverse range of footwear for men, women, and children, along with accessories such as handbags and outerwear, Deckers successfully reaches end-users through various channels. Despite facing challenges in value and dividend scores, Deckers Outdoor‘s strong performance in growth and market resilience indicates a positive trajectory for the company’s long-term prospects.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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