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The clothing company has seen strong sales of Hoka running shoes and UGG sheepskin boots.
Since I last covered Deckers Outdoor Corporation stock and rated it a “sell,” the stock is down more than 17%, underperforming the indices, even after the stock rallied post its earnings report. The company saw its revenue and operating income grow 22% and 87% YoY respectively, with strength in its HOKA brand, which grew 30% YoY from full-price selling. Although the company continues to gain market share from increasing customer loyalty across its domestic and international markets, it didn't raise its revenue guidance for the full year.
Deckers' revenue is up and its profits are markedly higher. The company plans to do a stock split later this year but the real story is its growing brand awareness.
Deckers' (DECK) first-quarter results reflect strength in the HOKA ONE ONE and UGG brands and solid gains from DTC channels.
Deckers Outdoor Corporation DECK shares are trading higher today.
Deckers Brands (DECK) shares surged Friday, a day after the footwear company released earnings that showed sales for its popular brands Hoka and Uggs jumped 30% and 14%, respectively, compared to the same time last year.
The HOKA and UGG shoemaker lifted its full year profit guidance late on Thursday as first-quarter earnings came in miles ahead of estimates.
Deckers Outdoor Corporation (NYSE:DECK ) Q1 2025 Earnings Conference Call July 25, 2024 4:30 PM ET Company Participants Erinn Kohler - Vice President of Investor Relations & Corporate Planning Dave Powers - President & Chief Executive Officer Stefano Caroti - Chief Commercial Officer Steve Fasching - Chief Financial Officer Conference Call Participants Jonathan Komp - Baird Laurent Vasilescu - BNP Paribas Sam Poser - Williams Trading Dana Telsey - Telsey Advisory Group Ike Boruchow - Wells Fargo Krista Zuber - TD Cowen Jay Sole - UBS Operator Good afternoon and thank you for standing by. Welcome to the Deckers Brands First Quarter Fiscal 2025 Earnings Conference Call.
The maker of Hoka footwear, UGG boots and more, posted a giant beat on its fiscal Q1 bottom line.
The headline numbers for Deckers (DECK) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.