Is Deckers Stock a Buy After Its Beat-And-Raise Quarter?
Deckers(DECK) Kiplinger.com·2024-10-25 22:32
Deckers Outdoor (DECK) stock is trading near the top of the S&P 500 Friday after the footwear giant beat top- and bottom-line expectations for its fiscal second quarter and raised its full-year profit forecast. In the three months ended September 30, Deckers' revenue increased 20.1% year over year to $1.3 billion, driven by 34.7% growth in its Hoka brand to $570.9 million. Its earnings per share (EPS) were up 39.5% from the year-ago period to $1.59. The results handily beat analysts' expectations. Wall Stre ...