Deckers Outdoor Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 01, 2024 at 04:05 pm
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Deckers Outdoor Corporation reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was USD 1,560.31 million compared to USD 1,345.64 million a year ago. Net income was USD 389.92 million compared to USD 278.66 million a year ago. Basic earnings per share from continuing operations was USD 15.19 compared to USD 10.55 a year ago. Diluted earnings per share from continuing operations was USD 15.11 compared to USD 10.48 a year ago.
For the nine months, sales was USD 3,328.01 million compared to USD 2,835.72 million a year ago. Net income was USD 632.02 million compared to USD 425.04 million a year ago. Basic earnings per share from continuing operations was USD 24.35 compared to USD 16 a year ago. Diluted earnings per share from continuing operations was USD 24.2 compared to USD 15.9 a year ago.
Deckers Outdoor Corporation specializes in the design, manufacture and marketing of sports, outdoor and casual footwear and apparel. Products are marketed under the UGG, HOKA, Teva, Sanuk and Koolaburra brands. Net sales break down by sales channel as follows:
- wholesale (56.7%);
- direct sales to consumers (43.3%).