Deckers Brands Reports Q1 Beat, But Shares Fall
<p>Despite reporting better-than-expected Q1 earnings, <a href='https://financialmodelingprep.com/financial-summary/DECK'>Deckers Brands (NYSE:DECK)</a> shares fell around 2% in pre-market today.</p>
<p>In Q1, the company's EPS exceeded expectations, coming in at $2.41 compared to the Street estimate of $2.13. Furthermore, revenue showed solid growth, reaching $676 million, a 10% increase compared to the Street estimate of $661.28 billion.</p>
<p>Wholesale net sales for the quarter amounted to $425.4 million, slightly lower than the $429.4 million reported in the same period last year. However, Direct-to-Consumer (DTC) net sales demonstrated remarkable growth, surging 35.3% year-over-year to $250.4 million.</p>
<p>Looking ahead, the company anticipates full-year EPS for 2024 to fall within the range of $21.75 to $22.25, compared to the Street estimate of $22.21. Net sales are now projected to be approximately $3.980 billion.</p>

NYSE:DECK