8/105 sources · 3 publishersUpdated Oct 22, 22:01 UTC
Deckers Outdoor reports Q2 earnings beat but revenue miss and cuts full‑year sales outlook, shares tumble
Deckers Outdoor Corp. posted second‑quarter profit of $313.1 million, or $2.31 per share, beating analysts’ earnings expectations. Revenue came in below forecasts, prompting the company to lower its full‑year revenue guidance to $5.71 billion while raising its EPS outlook to $7.88 per share. The results sent the stock down roughly 9% in after‑hours trading.
Why it matters
The reduced revenue outlook lowers growth expectations for the year, which drove a sharp share‑price decline. Investors will reassess valuation models that relied on the prior higher sales guidance.
Key facts
- 1Q2 profit was $313.1 million, or $2.31 per share, beating the $1.82 consensus estimate. finance.yahoo.com
- 2Shares fell 9.6% in after‑hours trading following the earnings release. investing.com
- 3Full‑year revenue guidance was cut to $5.71 billion. finance.yahoo.com
- 4Full‑year EPS guidance was raised to $7.88 per share. finance.yahoo.com
- 5Gross margin expanded to 60.5% in the quarter. investing.com
Open questions
- Revenue figure for Q2 differs between material 1 ($1.48 billion) and material 2 ($1.51 billion) on the same reported basis.
Summary written by AlphAI AI Desk from 5 of 5 sources. Not investment advice. Figures are as stated by the linked sources.