Deckers Outdoor Corporation's Q1 earnings beat estimates at 93 cents per share, with revenue of $964.5 million, up from $825.35 million last year. The stock jumped 11.6% to $117.12 in pre-market trading. Other stocks moving in pre-market trading include Linkhome Holdings, Eightco Holdings, AEye, Garden Stage Limited, and Coursera, among others.
Deckers Outdoor Corporation (DECK) delivered robust first-quarter earnings, surpassing Wall Street expectations and boosting its stock price in pre-market trading. The company reported net income of $139.2 million, with earnings per share (EPS) of $0.93, well above the average estimate of $0.68 per share [1]. Revenue for the period totaled $964.5 million, a 17% increase from last year's $825.35 million, driven by strong international sales and the performance of its marquee brands, Hoka and UGG [2].
Hoka, the company's athletic footwear brand, saw a 20% growth in revenue to $653.1 million, primarily due to robust international and US wholesale demand. UGG, known for its sheepskin boots, experienced a 19% sales jump to $265.1 million, mostly from wholesale sales. Despite a 1% decline in direct-to-consumer sales in the US, the company's international wholesale sales more than offset this slowdown [2].
Deckers Outdoor expects revenue for the current quarter to range between $1.38 billion and $1.42 billion, up 7% at the midpoint, and EPS of $1.50 to $1.55. However, the company has warned about potential headwinds from tariffs, expecting an increase in the cost of goods sold by $185 million due to new tariffs [3].
The stock surged 11.6% to $117.12 in pre-market trading, following the strong earnings report. Other stocks moving in pre-market trading included Linkhome Holdings, Eightco Holdings, AEye, Garden Stage Limited, and Coursera, among others [4].
References:
[1] https://finance.yahoo.com/news/deckers-fiscal-q1-earnings-snapshot-112956614.html
[2] https://finimize.com/content/deckers-outdoor-outpaces-forecasts-with-strong-hoka-and-ugg-sales
[3] https://finance.yahoo.com/news/why-deckers-outdoor-stock-jumped-174805212.html
[4] https://finance.yahoo.com/news/p-500-nasdaq-close-records-231656271.html
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