We recently published 10 Big Names Ending January With Explosive Gains. Deckers Outdoor Corp. (NYSE:DECK) was one of the top performers on Friday.
Deckers Outdoor soared by 19.50 percent on Friday to close at $119.34 apiece as investors took path from a strong earnings performance and an upbeat outlook for the full fiscal year 2026.
In its earnings call on the same day, Deckers Outdoor Corp. (NYSE:DECK) said that it netted $481 million in the third quarter ending December 31, or a 5.3 percent jump from $456.7 million in the same period a year earlier.
Photo from Deckers Outdoor website
Net sales jumped by 7 percent to $1.957 billion from $1.827 billion year-on-year, thanks to strong demand from its UGG and HOKA brands, with net sales jumping 4.9 percent and 18.5 percent, respectively.
“UGG and HOKA each delivered high levels of full-price selling, resulting in strong gross margins. We are on track to deliver another incredible year, with profitable growth at two premium and differentiated brands that operate in expanding segments of the global marketplace,” said Deckers Outdoor Corp. (NYSE:DECK) President and CEO Stefano Caroti.
For the full fiscal year ending March 2026, Deckers Outdoor Corp. (NYSE:DECK) expects net sales to be in the range of $5.4 billion to $5.425 billion, as well as gross margins of approximately 57 percent.
Diluted earnings per share are also targeted at $6.80 to $6.85.
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Disclosure: None. This article is originally published at Insider Monkey.
