From Financial Modeling Prep: 2024-10-25 10:42:00

Deckers (NYSE:DECK) shares surged over 11% on strong Q2 earnings, beating analyst estimates. Revenue rose 20.1% to $1.31 billion, with adjusted EPS at $1.59. HOKA brand sales jumped 34.7% to $570.9 million, UGG brand up 13% to $689.9 million. Direct-to-consumer sales increased 19.9% to $397.7 million.

Gross margin for Deckers improved to 55.9%, driven by pricing strategies and product mix. The company adjusted its fiscal 2025 outlook, expecting revenue growth of approximately 12% to $4.8 billion. EPS forecast raised to $5.15-$5.25, slightly below analysts’ expectations of $5.35.



Read more at Financial Modeling Prep:: Deckers Stock Jumps 11% on Strong Q2 Results