Inside The Call: Hoka One One Again Stars For Deckers
October 29, 2021
Deckers Brands reported sales and earnings missed Wall Street’s targets in its fiscal second quarter ended September 30 as numerous supply chain challenges slowed Ugg’s growth in the quarter. However, the company still maintained its revenue outlook for the full year, driven by its projected 50-plus percent growth at Hoka One One.
In the quarter, revenues increased 15.8 percent to $721.9 million, missing Wall Street’s consensus estimate of $771.5 million. Sales were up 33 percent over the second quarter two years ago.
Net income was flat at about $102.1 million, or $3.66 a share, against $101.6 million, or $3.58, below Wall Street’s consensus estimate of $4.01. SGB Media