Deckers Brands raised its guidance for its fiscal year as sales and earnings in the fiscal third quarter surpassed Wall Street’s consensus targets on a 90.8 percent jump in Hoka’s revenues. Ugg’s sales dipped 1.6 percent in the period.
Earnings of $10.48 per share topped Wall Street’s consensus estimate of $9.61 a share. Sales of $1.35 billion were ahead of the consensus estimate of $1.26 billion.
For more background and details on Deckers Brands’ fiscal Q3 results, get inside company management’s call with analysts at SGB Executive here:
Hoka Delivers Another Gangbuster Performance For Deckers
Photo courtesy Hoka