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Deckers Brands reported record full-year revenue and earnings on Thursday, with demand for its Hoka and UGG footwear brands pushing results past analyst expectations in the fourth quarter.
Revenue for the quarter came to $1.12 billion, a 9.6% gain over the $1.02 billion posted in the year-ago period. Per-share earnings on a diluted basis were $0.96, slipping from $1.00 twelve months prior. Both figures topped what Wall Street had been looking for — analysts expected quarterly revenue of $1.07 billion to $1.11 billion and diluted EPS of $0.73 to $0.94, per WWD.
Among individual brands, Hoka was the standout, generating $671.2 million in quarterly revenue — a 14.5% year-over-year increase — and setting an all-time record for the label in a single quarter, according to The Wall Street Journal. Speaking with analysts, CEO Stefano Caroti pointed to fresh product introductions, expanding direct sales, and strengthening competitive position domestically as the key drivers. UGG contributed $408.6 million, up 9.2%. The remaining portfolio, grouped under an "other brands" umbrella that houses Teva, contracted 35.6% to $39.5 million, a decline the company tied to its winding down of Koolaburra and its completed divestiture of Sanuk.
