FMP
May 24, 2024 10:16 AM - Davit Kirakosyan
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.
Jan 16, 2024 4:18 PM - Samuel Abdelshahid
In the hustle and bustle of the trading world, having a trustworthy laptop is like having a reliable partner by your side. Making well-informed decisions and staying ahead of market trends become second nature with the right device. However, the quest for a budget-friendly trading laptop t...
Jan 21, 2024 4:00 AM - Parth Sanghvi
Introduction: In the world of financial analysis, a profound grasp of essential profitability metrics is vital. This blog delves into three pivotal metrics—ROE (Return on Equity), ROA (Return on Assets), and Net Profit Margin—offering clear insights without unnecessary complexity. Exploring RO...
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...