Deckers Outdoor Corp Report Q2 Profit Surge and Revenue Growth

In a recent report, Deckers Outdoor Corp showcased a significant increase in profits and revenue for the second quarter, surpassing Wall Street estimates with strong performance metrics.

Date: 25-10-2024

AI Rating: 8

Deckers Outdoor Corp (DECK) has released its Q2 financial performance, indicating a robust growth trajectory. The report highlighted that the company's earnings totaled $242.3 million, marking an increase from the $178.5 million reported last year. This substantial growth in net income underpins the company’s positive operating strength.

Furthermore, the Earnings Per Share (EPS) rose to $1.59 compared to $1.14 in the same quarter of the previous year. Notably, the reported EPS also outperformed analyst expectations of $1.24 per share, positioning Deckers favorably in the eyes of investors.

The company's revenue growth is equally impressive, with a reported increase of 20.1%, rising to $1.311 billion from $1.092 billion in the prior year. This supports a strong demand for its products and potentially reflects successful market strategies.

Additionally, the full-year guidance issued by Deckers suggests continued positive performance, with EPS expectations set between $5.15 and $5.25 and total revenue projected around $4.8 billion.

Stocks: DECK