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 story : Ugg boot maker Deckers' fiscal Q1 earnings, sales top views, stock up 4% #FinanceUSA #StockMarketNEWS Deckers Outdoor Corp. stock jumped more than 4% in the extended session Thursday after the maker

@stockMarketNEWS 9 Days ago

Posted in: #FinanceUSA #StockMarketNEWS

Ugg boot maker Deckers' fiscal Q1 earnings, sales top views, stock up 4% #FinanceUSA #StockMarketNEWS
Deckers Outdoor Corp. stock jumped more than 4% in the extended session Thursday after the maker of Teva sandals and Ugg boots, among other brands, reported fiscal first-quarter earnings and sales above Wall Street expectations and tweaked higher its per-share earnings outlook for the year. Deckers said it earned .9 million, or .66 a share, in the quarter, compared with .1 million, or .71 a share, in the year-ago quarter. Sales rose 22% to 4.5 million, the company said. FactSet consensus called for EPS of .21 a share on sales of 6 million. For fiscal 2023, Deckers said it still expects sales in a range between .45 billion and .50 billion and gross margins of about 51.5%. It expects EPS between .50 and .35 for the year, compared with a previous expectation of EPS between .40 and .25 when it reported fiscal fourth-quarter results in May.


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