Deckers Outdoor reported quarterly earnings of $4.95 per share which beat the analyst consensus estimate of $2.90 by 70.69%. Quarterly sales also came in above estimates at $959.758 million. Investors appear to be so enamored with the company's quarterly earnings that they are overlooking the company's fiscal year outlook for earnings of between $29.50 and $30.00 per share, slightly below the $30.29 consensus estimate.
Wall Street is eyeing a return to winning ways on Friday after the lackluster sentiment seen in the past two sessions. The index futures held modestly higher in early trading.
Deckers Outdoor reports HOKA brand net sales increased 34% to $533 million, UGG brand net sales increased 14.9% to $361.3 million, Teva brand net sales decreased 15.6% to $53.0 million and Sanuk brand net sales decreased 39.1% to $6.5 million.