earnings
confidence high
sentiment positive
materiality 0.85
Deckers Q2 FY2024 revenue $1.092B (+25% YoY); EPS $6.82 (+79%); raises FY guide
DECKERS OUTDOOR CORP
2024-Q2 EPS reported
$9.22
revenue$1,767,698,000
- Revenue $1.092B (record), up 25%; diluted EPS $6.82 vs $3.80; gross margin 53.4% vs 48.2%.
- UGG net sales +28.1% to $610.5M; HOKA +27.3% to $424.0M; both drove growth.
- FY2024 outlook raised: revenue ~$4.025B, EPS $22.90-$23.25; operating margin ~18.5%.
- DTC net sales +38.8% to $331.7M; DTC comparable +36.8%; international +33.3%.
- Intent to divest Sanuk brand; repurchased 347K shares for $185.5M at ~$534.53/share.