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Deckers Outdoor raises FY guidance after blowout Q1 earnings amid 'robust' demand

Source Investing

Investing.com -- Deckers Outdoor lifted guidance after reporting Thursday better-than-expected fiscal first quarter results, driven by "robust" demand for Hoka and Ugg brands.

Deckers Outdoor Corporation (NYSE:DECK) rose 8% in afterhours trading following the report.

For the three months ended June 30, the footwear and apparel company reported earnings per share of $4.52 on revenue of $825M, compared with Wall Street estimates for EPS of $3.43 on revenue of $805.1M.

HOKA and UGG continue to "drive robust full-price demand in the global marketplace," the company said, as margins climbed.

Gross margin rose to 56.9% from 51.3%.

Looking ahead, the company raised its fiscal 2025 EPS guidance in a range of $29.75 to $30.65 from a range of $29.50 to $30.00 previously.

The strong set of results comes just a week ahead of Chief Commercial Officer Stefano Caroti's transition into this new role as chief executive officer.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

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