Following their Q2 results, Deckers Brands (NYSE:DECK) shares soared over 10% in pre-market today. They reported an EPS of $6.82, surpassing the projected $4.40.
Revenue increased 24.7% year-over-year, reaching $1.09 billion and outpacing the anticipated $960.62 million. Direct-to-consumer sales jumped 38.8% to $331.7 million, and wholesale sales climbed 19.4% to $760.2 million.
CEO Dave Powers attributed the impressive figures to robust demand for their HOKA and UGG brands, leading to record earnings and revenue for both Q2 and the first half of fiscal 2024.
For 2024, Deckers anticipates an EPS between $22.90 and $23.25 and revenue around $4.025 billion, both exceeding Street estimates of $22.62 and $4.01 billion respectively.