Deckers Brands soars 10% on Q2 beat & strong outlook

Deckers Outdoor Corporation (NYSE:) shares surged more than 10% after-hours following the company’s reported , with EPS of $6.82 coming in better than the consensus estimate of $4.40.

Revenue grew 24.7% year-over-year to $1.09 billion, beating the consensus estimate of $960.62 million. Direct-to-consumer (DTC) net sales grew 38.8% to $331.7M, while wholesale net sales rose 19.4% to $760.2M.

“The strength of demand for our HOKA and UGG brands continued to drive exceptional performance, producing record revenue and earnings for Deckers in both the second quarter and first half of fiscal year 2024,” said CEO Dave Powers.

For fiscal 2024, the company expects EPS to be in the range of $22.90-$23.25, compared to the consensus of $22.62, and revenue of $4.025B, compared to the consensus of $4.01B.