Deckers Outdoor Delivers Better-Than-Expected Q2 Earnings Led By Strength In HOKA, UGG Brands
Portfolio Pulse from Adam Eckert
Deckers Outdoor Corp (NYSE:DECK) reported better-than-expected Q2 earnings, driven by strong sales in its HOKA and UGG brands. The company saw a 20.1% increase in total revenue and a significant rise in both domestic and international sales. Deckers expects continued growth, forecasting a 12% increase in net sales for fiscal year 2025.
October 24, 2024 | 8:38 pm
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Deckers Outdoor Corp reported strong Q2 earnings, surpassing analyst expectations with a 20.1% increase in revenue. The HOKA and UGG brands were key drivers, with significant sales growth. The company forecasts continued growth, expecting a 12% increase in net sales for fiscal year 2025.
Deckers Outdoor's strong Q2 earnings report, driven by significant sales growth in its HOKA and UGG brands, exceeded analyst expectations. This positive financial performance and optimistic future sales forecast are likely to boost investor confidence, leading to a short-term increase in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100