Deckers slides on first fiscal second-quarter sales miss in years
-4.91% to $81.09 from $85.28
What moved DECK
- Deckers’ fiscal second-quarter revenue of about $1.48 billion rose only 3.5% year over year and missed Wall Street’s roughly $1.51 billion estimate, which Piper Sandler called the company’s first fiscal second-quarter sales miss in at least five years.
- Hoka sales rose 6.8% to $677.2 million and UGG sales rose 3.5% to $786.4 million, with both brands’ growth slowing for a second straight quarter.
- The company cut its full-year sales outlook to $5.70 billion-$5.725 billion from a prior range of $5.86 billion-$5.91 billion, and now expects UGG to grow only in the low single digits versus mid-single digits previously.
- CEO Stefano Caroti said consumers are growing more price-conscious and are waiting for discounts in a more promotional US athletic footwear market.
- Diluted earnings per share rose 27% to $2.31, aided by a $0.28 per-share benefit from IEEPA tariff refunds, beating the $1.80 consensus estimate.
Sources: WWD · SGI Europe · Stocktwits · Tradingpedia