Deckers Outdoor Q1 revenue comes in line with estimates after brand phase-out
Deckers Outdoor Q1 revenue comes in line with estimates after brand phase-out
Overview
US footwear maker's fiscal Q1 revenue rose 5.7%, meeting analyst expectations
Diluted EPS for fiscal Q1 rose to $0.94 from $0.93
Company repurchased $338 mln of shares in fiscal Q1
Outlook
Deckers raises FY 2027 diluted EPS outlook to $7.35-$7.50
Company maintains FY 2027 net sales view at $5.86 bln to $5.91 bln
Gross margin and operating margin now expected to be slightly better than 56.5% and 21.5%
Result Drivers
HOKA AND UGG GROWTH - Co said Q1 revenue growth was driven by continued strength and global demand for HOKA and UGG brands, supported by product innovation
DTC SALES MOMENTUM - Direct-to-consumer net sales rose 13%, outpacing wholesale growth
KOOLABURRA PHASE-OUT - Declines in Other brands, wholesale, and domestic channels included impacts from phase-out of Koolaburra brand standalone operations
Company press release: ID:nBw3NJ3t7a
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Sales | Meet | $1.02 bln | $1.02 bln (19 Analysts) |
Q1 EPS |
| $0.94 |
|
Q1 Gross Margin |
| 56.40% |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 11 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the footwear peer group is "buy"
Wall Street's median 12-month price target for Deckers Outdoor Corp is $130.00, about 26.9% above its July 22 closing price of $102.47
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 14 three months ago
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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)