1、2 02 2 ANNUAL R E P OR T Dear Stockholders,On behalf of everyone at Deckers Brands,Im excited to share that we had another record-breaking year in fiscal 2022,delivering over$3 billion in annual revenue for the first time and earnings per share of$16.26,year-over-year increases of 24%and 21%,respect
2、ively.Our disciplined financial management enabled the delivery of a top-tier operating margin at 17.9%despite facing an unprecedented logistics environment.Our impressive performance was the result of prioritizing quality HOKA growth,growing the UGG brand through a diverse product assortment,streng
3、thening the DTC business,and unlocking the potential of international markets.Reflecting the success of our strategies,HOKA delivered revenue growth of 56%over the prior year to$892 million.In fiscal year 2022,HOKA represented 28%of total portfolio revenue,which was up from 22%last year and 17%two y
4、ears ago.On UGG,the brand drove its second consecutive year of double digit growth while broadening consumer acceptance of its evolved product assortment.This is reflected in the UGG brands business outside of Womens Classics now representing over 65%of total brand revenue,which is up more than ten
5、percentage points from five years ago.To support the ongoing success of our key initiatives and as we scale our brands,we have continued to make critical investments to bolster the Companys infrastructure.While investing for the future,we have consistently emphasized the delivery of exceptional leve
6、ls of profitability,and have been successful in doing so despite significant incremental costs resulting from industry wide supply chain disruption.Our steps to secure manufacturing capacity and additional production lines with both existing and new partners are helping ensure we meet the increasing