Deckers Outdoor (DECK) Revenue — Quarter Ended Mar 31, 2023
Revenue declined sharply from the immediately preceding quarter, yet it rose compared with the same quarter one year earlier. The sequential drop was substantial, while the annual comparison showed continued growth.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 FY
Revenue declined sharply from the immediately preceding quarter, yet it rose compared with the same quarter one year earlier. The sequential drop was substantial, while the annual comparison showed continued growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$791.6M
Revenue reported for this quarter.
Quarter-over-quarter
-41.2%
Change from the immediately preceding quarter.
Year-over-year
+7.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$3.6B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $614.5M | +21.8% |
| Sep 30, 2022 | $875.6M | +21.3% |
| Dec 31, 2022 | $1.3B | +13.3% |
| Mar 31, 2023 | $791.6M | +7.5% |
Revenue performance
Reported revenue decreased from the prior quarter, reflecting a significant sequential contraction. Compared with the same period a year ago, however, revenue increased.
Quarterly comparison
The current quarter's revenue was lower than the preceding quarter, marking a steep sequential decline. In contrast, revenue was higher than the same quarter one year earlier, continuing the positive year-over-year trend seen in recent quarters.
What to watch
The magnitude of the sequential revenue decline warrants attention as it contrasts with the prior quarter's much higher level.