---
title: "Ugg, Hoka owner Deckers Brands' shares soar 9% on strong earnings, outlook"
description: "Deckers Brands (NYSE:DECK) shares surged 9% in after-hours trading following strong Q2 earnings that exceeded analyst expectations. The company reported adjusted EPS of $0.59, beating the consensus of"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/217810008.md"
published_at: "2024-10-24T21:01:08.000Z"
---

# Ugg, Hoka owner Deckers Brands' shares soar 9% on strong earnings, outlook

> Deckers Brands (NYSE:DECK) shares surged 9% in after-hours trading following strong Q2 earnings that exceeded analyst expectations. The company reported adjusted EPS of $0.59, beating the consensus of $0.23, with revenue up 20.1% YoY to $1.31 billion. HOKA sales jumped 34.7% YoY, while UGG sales rose 13%. Deckers raised its full-year revenue outlook to a 12% increase, expecting $2.8 billion, and adjusted EPS guidance to $1.15-$1.25. The positive results reflect strong consumer demand and improved gross margins at 55.9%.

Deckers (NYSE:DECK) saw its stock surge 9% in after-hours trading on Thursday after the footwear company reported second-quarter earnings that significantly exceeded analyst expectations and raised its full-year guidance.

The maker of UGG and HOKA brands posted adjusted earnings per share of $1.59 for the quarter ended September 30, beating the analyst consensus of $1.23 by 29%. Revenue climbed 20.1% YoY to $1.31 billion, surpassing the $1.2 billion estimate.

HOKA brand sales were particularly strong, jumping 34.7% YoY to $570.9 million, while UGG brand sales rose 13% to $689.9 million. The company's direct-to-consumer net sales increased 19.9% to $397.7 million, with comparable sales up 17%.

"HOKA and UGG produced outstanding second quarter results driven by strong consumer demand for our innovative and unique products," said Stefano Caroti, President and Chief Executive Officer.

Gross margin expanded to 55.9% from 53.4% in the same quarter last year, reflecting improved pricing and product mix.

Looking ahead, Deckers raised its full-year outlook. The company now expects fiscal 2025 revenue to increase approximately 12% to $4.8 billion, slightly below the consensus of $4.82 billion. However, it raised its EPS guidance to a range of $5.15 to $5.25, compared to the analyst estimate of $5.35.

The strong results and positive outlook drove the significant after-hours stock price increase, as investors reacted favorably to Deckers' performance in a challenging retail environment.

This content was originally published on Investing.com

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.