Summary by Futu AI
Deckers Outdoor reported strong Q2 FY2025 results, with revenue increasing 20.1% to $1.31 billion. Net income rose 35.7% to $242.3 million, or $1.59 per diluted share. The growth was primarily driven by the HOKA and UGG brands across all channels globally.Gross margin improved to 55.9% from 53.4%, benefiting from favorable brand and product mix. The HOKA brand saw a 34.7% increase in sales, while UGG brand sales grew by 13.0%. International sales surged 33.0%, now representing 34.9% of total revenue.Looking ahead, Deckers maintains a strong liquidity position with $1.23 billion in cash and cash equivalents. The company continues to invest in marketing and talent to support brand growth, while also executing its stock repurchase program. Management remains confident in the company's strategic direction and financial outlook.