Deckers raises fiscal 2024 EPS guidance to $22.90-$23.25 after record quarter
Deckers reported second-quarter fiscal 2024 revenue up 25% to a record $1.092 billion and diluted earnings per share up 79% to $6.82, and raised its full-year fiscal 2024 revenue guidance to $4.025 billion and its diluted EPS guidance to $22.90-$23.25. The company also said it intends to divest its Sanuk brand, so shareholders should watch for a buyer and its terms.
- Q2 fiscal 2024 net sales rose 24.7% to $1.092 billion; diluted EPS was $6.82 versus $3.80 a year earlier
- Fiscal 2024 net sales guidance raised to approximately $4.025 billion; diluted EPS guidance raised to $22.90 to $23.25
- Company repurchased shares for $185.5 million in the quarter and had about $1.146 billion left under its buyback authorization
- Intent to divest the Sanuk brand, which had $5.4 million in quarterly net sales