Are UGG Boots Surging In Popularity? Deckers Clocks 28% Revenue Jump, Stock Soars
Portfolio Pulse from Shivani Kumaresan
Deckers Outdoor Corp (NYSE:DECK) reported Q2 FY24 sales growth of 24.7% YoY to $1.09 billion, beating the analyst consensus estimate of $960.51 million. Direct-to-Consumer (DTC) net sales increased 38.8% to $331.7 million, and Wholesale net sales grew 19.4% to $760.2 million. The company held $823.1 million in cash and equivalents as of September 30, 2023. The company raised its FY24 revenue outlook to $4.025 billion from $3.980 billion.
October 27, 2023 | 10:11 am
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Deckers Outdoor Corp reported strong Q2 FY24 results, beating analyst estimates and raising its FY24 revenue outlook. This could potentially have a positive impact on the company's stock.
Deckers Outdoor Corp reported strong Q2 FY24 results, with sales growth of 24.7% YoY and beating analyst estimates. The company also raised its FY24 revenue outlook. This strong performance and positive outlook could potentially lead to an increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100