UGG, HOKA Parent Deckers Reports Q1 Double Beat, Raises EPS Guidance — Stock Falls Anyway

Deckers reported earnings per share of 94 cents, beating the consensus estimate of 87 cents. In addition, the company reported revenue of $1.02 billion, beating the consensus estimate of $1.01 billion. By brand, HOKA net sales increased 7.7% to $703.5 million compared to $653.1 million, UGG net sales rose 4.9% to $278.0 million compared to $265.1 million, and other brands net sales decreased 18.1% to $37.9 million compared to $46.3 million. Domestic net sales increased 3.2% to $517.4 million, while international net sales rose 8.4% to $502.1 million. Cash and cash equivalents were $1.603 billion compared to $1.720 billion a year earlier, while inventories were $807.6 million compare...