Deckers Outdoor Corporation is a global leader in designing, marketing, and distributing innovative footwear, apparel, and accessories
The company is best known for its premium brands, including UGG, Teva, and Hoka One One, appealing to a diverse range of consumers with products that emphasize comfort, performance, and style. Deckers is committed to sustainability and responsible sourcing in its operations, prioritizing eco-friendly materials and practices. With a strong presence in both retail and e-commerce channels, the company continues to enhance its portfolio and expand its market reach, while staying attuned to evolving consumer trends and preferences.
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Shares of footwear and apparel conglomerate Deckers (NYSEDECK)
fell 16.8% in the morning session after the company reported mixed fourth quarter results: its full-year revenue guidance slightly missed even though the company raised it. The sales guidance suggested a steady slowdown in growth to the mid-teens.
On the other hand, Deckers blew past analysts' constant currency revenue and EPS estimates. Overall, this quarter had some key positives, but the market was expecting even better results.
Stay informed about the performance of the S&P500 index in the middle of the day on Friday. Uncover the top gainers and losers in today's session for valuable insights.
Deckers Outdoor beats earnings expectations, but analysts have mixed views on future growth, with concerns over slowing HOKA sales and inventory issues.
Major stock indices have completed their recovery following Monday's sharp drop, buoyed by tech stocks rallying on the back of solid earnings and positive macroeconomic data. The S&P 500 index stands at 6,118 points at midday trading in New York, not far from the all-time high of 6,128 points reached last Friday.
Market indexes seemed poised to slip into the red this afternoon, just 30 minutes before the close, after the White House announced 25% tariffs on Canada and Mexico starting Feb 1, with Canada vowing retaliation.
Footwear and apparel conglomerate Deckers (NYSEDECK) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 17.1% year on year to $1.83 billion. On the other hand, the company’s full-year revenue guidance of $4.9 billion at the midpoint came in 0.7% below analysts’ estimates. Its GAAP profit of $3 per share was 14.9% above analysts’ consensus estimates.
After the conclusion of the US market's regular session on Thursday, let's examine the after-hours session and unveil the notable performers among the top gainers and losers.
