1、2023ANNUALREPORT Dear Stockholders,As we celebrate our 50-year history of building innovative brands,Im proud to share that in fiscal year 2023,Deckers Brands delivered a third consecutive year of double-digit revenue and earnings per share growth.Over the three-fiscal-year period of 2020 to 2023,re
2、venue and diluted earnings per share grew at compound annual growth rates of 19%and 26%,respectively,and our portfolio of brands delivered record revenue of$3.6 billion and diluted earnings per share of$19.37 in fiscal year 2023.Our industry-leading performance this year resulted from the continued
3、global expansion of the HOKA brand,record levels of brand heat for the UGG brand,and the prioritization of DTC through disciplined marketplace management.HOKA was the primary driver of revenue growth,adding more than half a billion dollars to deliver$1.4 billion of revenue,representing 39%of total p
4、ortfolio revenue.The UGG brands compelling products and success with younger consumers led to slight revenue growth in constant currency,as the brand increased its global DTC and international businesses.Deckers Brands has experienced impressive growth over the past five years,while maintaining high
5、 levels of operating profitability through focused investments in key strategies,and nimble expense management.With our flexible operating model,our teams successfully offset the macro-driven impacts of significant currency and freight headwinds during fiscal years 2023 and 2022,respectively,to deli
6、ver top-tier operating margins.We are expecting abundant organic growth ahead,which we are continuing to support by bolstering the Deckers enterprise infrastructure through key investments in fiscal year 2024.Importantly,Deckers remains committed to its value to Do Good and Do Great-a foundational p