Negative
22Serious
Neutral
Optimistic
Positive
- Total News Sources
- 1
- Left
- 0
- Center
- 1
- Right
- 0
- Unrated
- 0
- Last Updated
- 165 days ago
- Bias Distribution
- 100% Center
Deckers Brands Reports Strong Q1 Earnings
Deckers Outdoor's shares surged by up to 17% following a strong earnings report that showed a 22.1% increase in net sales, reaching $825.3 million, fueled by robust demand for its HOKA and UGG brands. HOKA sales spiked by 29.7%, while UGG experienced a 14% boost, both contributing significantly to the company's profitability, which saw net income more than double to $115.63 million. The company raised its annual revenue forecast, now projecting between $29.75 billion and $30.65 billion, up from a prior estimate of $29.50 billion to $30 billion. Analysts praised Deckers for its ability to drive full-price demand while reducing discounting practices, particularly for UGG products. As CEO Dave Powers prepares to retire, the company anticipates continued growth under new leadership, with a stock split proposal set for shareholder vote in September. The overall positive market response reflected confidence in Deckers' future performance amid a competitive retail landscape.
- Total News Sources
- 1
- Left
- 0
- Center
- 1
- Right
- 0
- Unrated
- 0
- Last Updated
- 165 days ago
- Bias Distribution
- 100% Center
Negative
22Serious
Neutral
Optimistic
Positive
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