Companies

Strong full year 2025 for Deckers

May 28, 2025 United States

The US-based company reported full year 2025 results, with net sales increasing by 16.3% year-on-year. This was driven by strong performance from both the Hoka and Ugg brands

“Deckers delivered another exceptional year of results in fiscal 2025, highlighted by the Hoka and UGG brands’ respective revenue growth of 24% and 13%, as well as record earnings per share,” said Stefano Caroti, President and Chief Executive Officer. “While the global trade environment has introduced greater near-term uncertainty, we are very confident in the exciting opportunities ahead for Hoka and UGG (…). Alongside Deckers’ superb balance sheet, this positions us well to manage through the near-term with a focus on the long-term”, he concluded.

Full Year Results

In the fiscal year 2025, which ended on the 31^st of March, Deckers reported net sales of 4.99 billion US dollars, an increase of 16.3%, or 16.5% on a constant currency basis, as compared to the previous fiscal year. In the fourth quarter alone, the company’s net sales increased year-on-year by 6.5%, or 7.5% on a constant currency basis, to 1.02 billion US dollars.

On a comparable basis to the fiscal year 2024, the Ugg brand’s full year net sales rose by 13.1% to 2.53 billion US dollars, while the Hoka brand’s rose by 23.6% to 2.23 billion US dollars. In contrast, other brands’ full-year net sales decreased by 8.6% year-on-year to 221.2 million US dollars.

Geographically, Deckers’ net sales increased by 11.3% to 3.19 billion US dollars in the domestic market and by 26.3% to 1.79 billion US dollars internationally over the fiscal year 2025, as compared to the prior fiscal year.

In the twelve months ending on the 31^st of March, the company’s gross margin increased from 55.6% to 57.9%, and its operating income rose from 927.5 million to 1.18 billion US dollars.

Deckers reported full year diluted earnings per share of 6.33 US dollars, as compared to 4.86 US dollars in the previous fiscal year. The company recalled that it completed a 6-for-1 stock split in the second fiscal quarter, and all share-related figures have been adjusted accordingly.

By the end of fiscal year 2025, the company held 1.89 billion US dollars in cash, up from 1.5 billion US dollars the previous year. Inventories increased from 474.3 million to 495.2 million US dollars. There were no outstanding borrowings.

Outlook

While Deckers has not provided guidance for the full year 2026 due to the “macroeconomic uncertainty related to evolving global trade policies”, it has reported expectations of net sales of between 890 and 910 million US dollars in the first quarter, as well as diluted earnings per share of between 0.62 and 0.67 US dollars.

Image Credits: designrush.com

United States Companies Deckers Footwear Quarter Results Results