Hoka, Ugg Parent Deckers Outdoor Reports Blockbuster Q4 Results, Stock Climbs
Portfolio Pulse from Erica Kollmann
Deckers Outdoor Corp (NYSE:DECK) reported impressive Q4 results, significantly beating analyst estimates for both earnings and sales. The company saw strong growth in its HOKA and UGG brands, while Teva and Sanuk brands experienced declines. DECK shares rose 8.33% in after-hours trading.
May 23, 2024 | 8:50 pm
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Deckers Outdoor Corp reported Q4 earnings of $4.95 per share, beating the consensus estimate of $2.90 by 70.69%. Quarterly sales were $959.758 million, surpassing the estimate of $887.548 million. The stock climbed 8.33% in after-hours trading.
The significant beat on both earnings and sales, along with the strong performance of key brands HOKA and UGG, has positively impacted investor sentiment, leading to an 8.33% rise in after-hours trading.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100