Industry News

Deckers posts fiscal 2022 results

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Update time : 2022-05-27 09:30:17
"Fiscal year 2022 was another record year for Deckers, as we delivered both revenue and earnings per share growth above twenty percent. Over the last two years, our portfolio of brands has added more than one billion dollars of revenue, while making progress towards key long-term strategies, and maintaining top-tier levels of profitability, despite navigating unprecedented disruption across the global supply chain. I am incredibly proud of our performance over the last couple of years, but with the power of our brands and our people, I am even more excited about the opportunities ahead", commented Dave Powers, President and Chief Executive Officer.
 
 
Full Year 2022
In fiscal 2022, net sales rose by 23.8% (by 23.2% on a constant currency basis), totalling 3.13 billion US dollars, on a comparable basis to net sales of 2.54 US dollars in the prior fiscal year.
 
In the mentioned period, Ugg brand net sales grew by 15.4%, reaching 1.98 billion US dollars and Hoka brand net sales totalled 891.6 million US dollars, reflecting an increase of 56.1%, on a comparable basis to fiscal 2021. Teva brand net sales rose by 17.3%, adding up to 162.7 million US dollars and Sanuk brand net sales reached 431 million US dollars, up by 3.0%, as compared to the prior fiscal year. Other brands net sales registered a decline of 7.5% to 70.9 million US dollars, on a comparable basis to 2021.
By channel, wholesale net sales increased by 31.0%, amounting to 1.94 billion US dollars, and direct-to-consumer sales grew by 13.8%, reaching 1.21 billion US dollars, as compared to fiscal 2021. By geography, domestic net sales were up by 23.1%, totalling 2.17 billion US dollars, year-over-year, and international net sales amounted to  982.5 million US dollars, which reflects an increase of 25.3%.
The company reported diluted earnings per share of 16.26 US dollars for fiscal 2022, as compared to diluted earnings per share of 13.47 US dollars in fiscal 2021.
 

Fourth Quarter Results

In the fourth quarter of fiscal 2022, ended on the 31st of March 2022, Deckers’ net sales increased by 31.2%, totalling 736.0 million US dollars, as compared to net sales of 561.2 million US dollars in the same period of the prior year. On a constant currency basis, net sales grew by 31.7%.

Diluted earnings per share in the period corresponded to 2.51 US dollars, on a comparable basis to diluted earnings per share of 1.18 US dollars in the last quarter of fiscal 2021.

Fiscal 2023 Outlook

For fiscal 2022, Deckers is anticipating net sales in the range of 3.45 billion US dollars to 3.50 billion US dollars. Diluted earnings per share is expected to be in the range of 17.40 US dollars to 18.25 US dollars.

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