Deckers Outdoor Corporation stock research
FY2024 Q2
Deckers Outdoor (DECK) Gross Margin — Quarter Ended Sep 30, 2023
Revenue, cost of revenue, and gross profit all increased compared to the prior quarter. Gross margin improved, reflecting a proportionally larger increase in gross profit relative to revenue.
Gross margin takeaway
Quarter ended Sep 30, 2023 · FY2024 Q2
Revenue, cost of revenue, and gross profit all increased compared to the prior quarter. Gross margin improved, reflecting a proportionally larger increase in gross profit relative to revenue.
- Gross profit rose more than revenue sequentially, leading to a higher gross margin. The margin also improved from the same quarter a year earlier.
- Compared with the preceding quarter, revenue and gross profit were higher, and gross margin improved. Compared with the same quarter one year earlier, revenue and gross profit were also higher, and gross margin was stronger.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
53.4%
Gross profit
$583.0M
Revenue
$1.1B
Cost of revenue
$508.9M
Quarter-over-quarter change
+2.1 pts
Year-over-year change
+5.2 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Jun 30, 2023 | $675.8M | $346.4M | $329.4M | 51.3% |
| Sep 30, 2023 | $1.1B | $583.0M | $508.9M | 53.4% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jun 30, 2023
+2.1 pts
Year-over-year change
Sep 30, 2022
+5.2 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
Gross profit rose more than revenue sequentially, leading to a higher gross margin. The margin also improved from the same quarter a year earlier.
Compared with the preceding quarter, revenue and gross profit were higher, and gross margin improved. Compared with the same quarter one year earlier, revenue and gross profit were also higher, and gross margin was stronger.
Monitor whether the relationship between revenue growth and gross profit growth persists in future periods.