Key Takeaways
- Deckers Outdoor reported fiscal 2024 fourth-quarter sales and profit that surpassed analysts' estimates.
- Soaring demand for Hoka and Ugg brand shoes helped fuel Deckers' earnings beat.
- Deckers shares surged to an all-time high following the news.
Deckers Outdoor (DECK) shares skyrocketed over 13% to an all-time high in early trading Friday as the maker of fashion footw💧ear blew away quarterly profit estima♏tes on soaring demand for its Hoka and Ugg brand shoes.
The company posted fiscal 2024 fourth-quarter 澳洲幸运5开奖号码历史查询:earnings per share (EPS) of $4.95, more than $2 above analysts' estimates compiled by Visible Alpha. Revenue increased 21% from a year ago to $959.8 million, also above forecasts.
Hoka and Ugg Demand Fuels Sales Beat
By brand, Hoka sales jumped 34% to $533 million, and Ugg sales climbed 15% to $361.3 million. They decline🌸d 16% for Teva and 39% for Sanuk, while sales of🌠 other brands, primarily composed of Koolaburra, were flat.
Sales were up 19% to $647.7 million domestically and 25% to $312 million in💮ternationally. Direct-To-Consumer (DTC) sales gained 21% to $415.2 million, with who🐬lesale sales climbing 21% to $544.6 million.
CEO Dave Powers said Hoka and Ugg “remain two of the most admired and well-positi꧃oned brands in the marketplace.”
Decker🅠s said it anticipates full-year EPS for fiscal 2025 of $29.50 to $30, up from $29.16 in fiscal 2ꩵ024. The company projected revenue growth of approximately 10% to $4.7 billion, in line with expectations.
Shares of Deckers were 13.3% higher at $1,025 as of 11 a.m. ET Friday and have gained over 52% since the start of the year.
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