UGG, HOKA Parent Deckers Outdoor Q1 Earnings Beat Estimates

Deckers Outdoor Corp. (NYSE:DECK) posted its first-quarter results after Thursday’s closing bell, beating Wall Street estimates on the top and bottom lines.

Here’s a look at the details inside the report. 

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Deckers Q1 Details       

Deckers Outdoor reported quarterly earnings of 94 cents per share, which beat the analyst consensus estimate of 87 cents by 8.05%, according to Benzinga Pro data.

Quarterly revenue came in at $1.02 billion, which beat the analyst consensus estimate of $1.018 billion.

Deckers reported the following first-quarter details:

• Brand
  • HOKA brand net sales increased 7.7% to $703.5 million compared to $653.1 million.
  • UGG brand net sales increased 4.9% to $278 million compared to $265.1 million.
  • Other brands net sales decreased 18.1% to $37.9 million compared to $46.3 million.
• Channel
  • Wholesale net sales increased 2.2% to $666.7 million compared to $652.4 million.
  • Direct-to-Consumer (DTC) net sales increased 13.0% to $352.8 million compared to $312.2 million. DTC comparable net sales increased 6.8%.
• Geography
  • Domestic net sales increased 3.2% to $517.4 million compared to $501.3 million.
  • International net sales increased 8.4% to $502.1 million compared to $463.3 million.

“Deckers delivered a solid start to the fiscal year, surpassing $1 billion of first quarter revenue for the first time,” said CEO Stefano Caroti.

“This performance reflects the continued strength of HOKA and UGG, with growing global demand as both brands extend their reach through compelling product innovation,” Caroti added.

DECK Stock Price Activity: According to data from Benzinga Pro, Deckers stock was down 2.85% to $93.49 in Thursday’s extended trading.  

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