Deckers down after second-quarter sales miss

Deckers Outdoor

Yesterday 21:46

** Shares of Hoka-owner Deckers Outdoor DECK.N down about 9% at $77.67 after the bell
** DECK reports Q2 sales of $1.48 billion, below analysts' estimate of $1.51 billion, according to data compiled by LSEG, as higher costs and a challenging consumer environment weigh
** "Deckers' results highlight the increasingly challenging environment for footwear brands," Michael Gunther, analyst at Consumer Edge says
** "Share declines were also evident across every household income bracket, including higher-income consumers, highlighting the challenges facing even premium brands as shoppers become more selective" Gunther adds
** Direct-to-consumer net sales fell 1.8% to $387.5 million
** However, DECK's quarterly EPS is a beat and co lifts fiscal 2027 EPS forecast to between $7.80 and $7.95, including roughly 52 cents benefit related to IEEPA tariff net refunds received
** As of last close, stock down ~18% YTD

 (Reporting by Sanskriti Shekhar in Bengaluru)
 ((Sanskriti.Shekhar@thomsonreuters.com))