Deckers Brands (NYSE:DECK) reported a substantial earnings beat for its fourth fiscal quarter, sending its shares up by nearly 9% in pre-market today. The company announced an adjusted EPS of $4.95 for the quarter, significantly higher than the analyst estimate of $2.90. Revenue also outperformed expectations, reaching $959.8 million compared to the Street estimate of $885.04 million.
This strong quarterly performance was driven by a 21.2% increase in net sales year-over-year, with the HOKA brand experiencing a 34.0% surge in sales. The UGG brand also contributed to the overall growth with a 14.9% increase in sales.
Deckers’ President and CEO, Dave Powers, attributed the record results to the company’s commitment to profitability and the strong market position of its brands. He emphasized the motivation of their talented teams to pursue long-term opportunities for these iconic brands.
Looking ahead, Deckers provided a positive outlook for the fiscal 2025, projecting revenue growth of approximately 10% to $4.7 billion, slightly above the analyst consensus of $4.69 billion. The company expects an adjusted EPS in the range of $29.50 to $30.00, reflecting continued confidence in its operational performance.
CFO Steve Fasching highlighted the consistent double-digit revenue growth over the past four years and a more than threefold increase in earnings per share, underscoring the strong demand for Deckers’ brands and the effectiveness of its operating model.