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Deckers beats Q1 earnings, raises guidance—but shares dip 3.4%
['Louis Juricic', 'Min Read']
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Despite the record milestone, shares dipped 3.5% in premarket trading Friday following the report as full-year revenue projections slightly trailed Wall Street expectations.
For the quarter, the parent company of HOKA and UGG posted adjusted EPS of $0.94, outpacing the $0.87 analyst consensus by $0.07.
Revenue jumped 5.7% year-over-year to $1.02 billion, matching market expectations—driven primarily by strong international expansion and Direct-to-Consumer (DTC) sales.
Updated Full-Year Guidance: Looking ahead, Deckers raised its full-year EPS guidance to $7.35–$7.50 (midpoint: $7.43, near consensus of $7.50).
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