![]() Powers said he sees Hoka One One has a billion-dollar-per-year brand, similar to what Ugg brings to the table. The company’s shares have dropped more than 9% since the beginning of the year compared to the S&P 500’s decline of about 4%. Deckers shares were up 1.8% in after-hours trading. The company’s shares closed at $322.15 before the earnings release, down 2.5% from the previous day, on a day when the S&P 500 lost 2.4%. “With Hoka continuing to expand its share of the global performance market, we believe our portfolio contains two of the strongest brands in the footwear industry, with much more promising growth ahead.”ĭeckers’ third quarter results were released after the markets closed Feb. “We saw balanced growth across our entire brand portfolio as direct to consumer wholesale and multiple geographies drove impressive results,” Powers said. The company’s adjusted earnings per share saw a similar dip, from $8.99 per share in 2020 to $8.42 this year, but adjusted earnings still beat Zacks’ Consensus Estimate by 0.84%.Īll of Deckers’ main product lines saw consistent growth in the most recent quarter, but Ugg, the company’s premier brand, and Hoka One One, the company’s athletic shoe brand, continued to be the main drivers of growth for Deckers. Net income was $232 million, $8.49 per share, down 8.6% from the same quarter a year earlier. 31, its largest figure ever for a single quarter, CEO David Powers said during the company’s earnings call. 3 earnings release.ĭeckers’ revenue hit $1.18 billion for the quarter ended Dec. ![]() ![]() ![]() Goleta-based Deckers Brands saw revenue increase more than 10% in the third quarter of its 2021-22 fiscal year, beating analysts’ expectations in both revenue and net income with its Feb. The Hoka One One line of running shoes is now Deckers’ second biggest sales engine, after Ugg. ![]()
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