Deckers Outdoor Corp. (NYSE:DECK) posted its second-quarter fiscal 2027 results after Thursday’s closing bell, missing analysts’ revenue expectations and lowering its revenue guidance.
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Deckers Outdoor Q2 Details
Deckers Outdoor reported quarterly earnings of $2.31 per share, which beat the consensus estimate of $1.80, per Benzinga Pro data.
Quarterly revenue of $1.48 billion missed the Street estimate of $1.51 billion.
Deckers reported the following sales data for the second quarter:
- Brand
- HOKA brand net sales increased 6.8% to $677.2 million compared to $634.1 million.
- UGG brand net sales increased 3.5% to $786.4 million compared to $759.6 million.
- Other brands net sales decreased 54.3% to $17.0 million compared to $37.2 million.
- Channel
- Wholesale net sales increased 5.5% to $1.093 billion compared to $1.036 billion.
- Direct-to-Consumer (DTC) net sales decreased 1.8% to $387.5 million compared to $394.6 million. DTC comparable net sales decreased 6.4%.
“We delivered earnings above our expectations in the second quarter by maintaining disciplined marketplace management and a focus on expense control in a challenging consumer environment,” said CEO Stefano Caroti.
Looking Ahead
Deckers Outdoor raised its fiscal 2027 GAAP EPS guidance to $7.80-$7.95, versus the $7.50 analyst estimate, and lowered its fiscal 2027 revenue outlook to between $5.7 billion and $5.73 billion, versus the $5.88 billion estimate.
DECK Stock Price: According to data from Benzinga Pro, Deckers stock was down 8.7% to $77.74 in Thursday’s extended trading.
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