The company has been making substantial investments to strengthen its online presence and enhance the shopping experience. Keeping pace with the changing trends, Deckers has constantly been developing its e-commerce portal to capture incremental sales. These factors, coupled with management’s focus on ramping up inventory, optimizing channel mix to fulfil consumer demand, scaling production to support the growth of brands and implementing targeted price increases, are likely to have supported the top line in the quarter under review. DECK’s focus on expanding brand assortments, introducing an innovative line of products and enhancing direct-to-consumer business contribution is expected to have been a tailwind. Key Factors to Noteĭeckers’ performance in the fiscal first quarter is likely to have benefited from the acceleration of omnichannel capabilities, and customer-centric product and marketing strategies. In the last reported quarter, this Goleta, CA-based player’s bottom line outperformed the Zacks Consensus Estimate by 17.7%. The consensus estimate for earnings per share in the fiscal first quarter has increased a penny to $2.17 over the past seven days, suggesting growth of 30.7% from the last fiscal year’s quarterly level. The bottom line of this designer, marketer and distributor of footwear, apparel and accessories is expected to rise from the earlier fiscal year’s quarterly tally. The Zacks Consensus Estimate for revenues is pegged at $663 million, indicating an improvement of 8% from the prior fiscal year’s quarterly reported figure. Deckers Outdoor Corporation ( DECK Quick Quote DECK - Free Report) is likely to register an increase in the top line from the last fiscal year’s quarterly reading when it reports first-quarter fiscal 2024 earnings on Jul 27, after the market close.
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