Deckers Outdoors raises annual sales forecast on strong demand for Hoka shoes
Adds details from conference call in paragraph 8
Oct 24 (Reuters) -Deckers Outdoor DECK.N beat Wall Street estimates for second-quarter results and raised its annual sales forecast on Thursday, on the back of strong demand for its brands UGG boots and Hoka running shoes.
The company's shares surged nearly 10% after the bell, set to add to the about 35% gain so far this year.
The footwear maker has been a major beneficiary of picky customers globally shelling out more money on trendy and innovative shoes including those from New Balance and Roger Federer-backed On ONON.N.
Strong innovation at Hoka and other upstarts have also helped chip away market share at bigger rival Nike NKE.N.
Earlier this month, Nike withdrew its annual revenue forecast as a new CEO stepped in at the sportswear giant, which is currently facing a decline in sales.
Deckers reported a nearly 35% jump in Hoka sales in the second quarter, while the UGG banner saw a 13% rise.
The wholesale channel for both Hoka and UGG have remained robust as retailers including Dick's Sporting Goods DKS.N and Nordstrom JWN.N open up more shelf spaces. Amazon is also offering more of the products on its website.
"Although we expect a more promotional environment (in the peak holiday season) ... We're confident (the UGG brand) will maintain premium levels of full price selling," CEO Stefano Caroti said on a post earnings call
Gross margin for the quarter rose to 55.9% compared to 53.4% a year earlier.
Deckers now expects annual sales to increase 12% to $4.8 billion, from a 10% rise to $4.7 billion it previously expected.
For the quarter ended Sep. 30, net sales for Deckers rose 20% to $1.31 billion, compared to the average analyst estimate of $1.20 billion, according to data compiled by LSEG.
The Goleta California-based company also reported adjusted profits of $1.59 per share for the quarter, compared to Street consensus of a $1.23 per share profit.
Reporting by Neil J Kanatt in Bengaluru; Editing by Sriraj Kalluvila and Tasim Zahid
免责声明: XM Group仅提供在线交易平台的执行服务和访问权限，并允许个人查看和/或使用网站或网站所提供的内容，但无意进行任何更改或扩展，也不会更改或扩展其服务和访问权限。所有访问和使用权限，将受下列条款与条例约束：(i) 条款与条例；(ii) 风险提示；以及(iii) 完整免责声明。请注意，网站所提供的所有讯息，仅限一般资讯用途。此外，XM所有在线交易平台的内容并不构成，也不能被用于任何未经授权的金融市场交易邀约和/或邀请。金融市场交易对于您的投资资本含有重大风险。
所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。
本网站上由XM和第三方供应商所提供的所有内容，包括意见、新闻、研究、分析、价格、其他资讯和第三方网站链接，皆保持不变，并作为一般市场评论所提供，而非投资性建议。所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为适用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。请确保您已阅读并完全理解，XM非独立投资研究提示和风险提示相关资讯，更多详情请点击 这里。
