Deckers Brands reported net sales increased 7.5 percent to $791.6 million in the fiscal fourth quarter ended March 31, compared to $736.0 million in the prior-year quarter. On a constant-currency basis, net sales increased 10.2 percent.
Gross margin was 50.0 percent of sales for the quarter, compared to 48.7 percent in the prior-year period. Selling, general, and administrative (SG&A) expenses were $290.2 million in fiscal Q4 compared to $277.4 million in the 2022 fiscal quarter.
Resulting operating income was $105.9 million in the quarter, compared to $81.3 million in the prior-year period.
Diluted earnings per share was $3.46 a share in the fiscal fourth quarter, compared to $2.51 n the prior-year quarter.
For the full details on the Deckers Brands fourth quarter and full year story, including Hoka, Ugg, Teva and Sanuk details, go here:
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Photo courtesy Hoka