Markets

Deckers Brands Raises FY20 Outlook - Quick Facts

(RTTNews) - Deckers Brands (DECK) said, for fiscal 2020, earnings per share now expected to be in the range of $8.90 to $9.05. Net sales are now expected to be in the range of $2.115 billion to $2.140 billion. Analysts polled by Thomson Reuters expect the company to report profit per share of $8.89 on revenue of $2.14 billion. Analysts' estimates typically exclude special items.

For the third-quarter, earnings per share are expected to be in the range of $6.30 to $6.40; and net sales are expected to be in the range of $885 million to $900 million. Analysts polled by Thomson Reuters expect the company to report profit per share of $6.45 on revenue of $911.35 million.

For the second quarter, earnings per share was $2.71 compared to GAAP earnings per share of $2.48, last year, and non-GAAP earnings per share of $2.38, prior year. On average, 12 analysts polled by Thomson Reuters expected the company to report profit per share of $2.33, for the quarter.

Second-quarter net sales increased 8.0% to $542.2 million compared to $501.9 million for the same period last year. On a constant currency basis, net sales increased 9.5%. Analysts expected revenue of $528.96 million for the quarter.

The company's Board has appointed Mike Devine as Chairman of the Board. Devine has served as a member of Board since 2011. He succeeds John Gibbons.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

DECK

Latest Markets Videos

RTTNews

Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.

Learn More