UGG's Parent Company Beats Analyst Estimates, Raises Guidance
Deckers Outdoor (NYSE: DECK) on Thursday reported strong fiscal third-quarter earnings that beat the consensus analyst estimates for revenue and earnings and raised guidance for the full fiscal year. The footwear distributor reported earnings of $7.14 per share, above the consensus estimate of $6.55. Sales rose 7.4% to $938.7 million, above the consensus estimate of $900.4 million.
The company reported increased sales from its HOKA ONE ONE and UGG brands and talked up the growing popularity of Fluff.
The stock was up about 9.5% Friday at 2 p.m. Prior to the earnings report, the stock had returned 14% over the past six months.
Source Fool.com
