Core Viewpoint - Deckers has demonstrated strong growth in its latest earnings report, with significant revenue increases and positive market reactions following its recent stock split [3][4][6]. Financial Performance - Total revenue increased by 20.1% to 1.2 billion [4]. - Direct-to-consumer (DTC) revenue rose by 19.9% to 913.7 million [4]. - Hoka brand sales surged by 34.7% to 457.4 million [5]. - Ugg brand revenue reached 305.1 million [6]. Earnings and Guidance - Earnings per share rose from 1.59, exceeding the consensus estimate of 4.8 billion, indicating a 12% growth, which is below the consensus estimate of 5.15 to 5.35 [7][8]. Market Position and Outlook - Deckers' stock has increased over 500% in the last five years, with Hoka and Ugg as category leaders [10]. - The company trades at a price-to-earnings ratio of 32, with expectations of beating conservative guidance [10]. - The upcoming holiday season is crucial, with improving consumer sentiment and falling interest rates likely to boost spending [11].
This Fast-Growing Stock-Split Stock Just Trounced Estimates Again. Is It Too Late to Buy?