Deckers Brands (DECK) Stock Looks Uggly After Q2 Miss

Deckers Brands (NYSE: DECK) shares were trading more than 8% lower after-hours following the company’s reported Q2 results, with EPS coming in at $3.66, missing the consensus estimate of $4.01. The company cited global supply chain challenges during the quarter.

Quarterly revenue grew 15.8% year-over-year to $721.9 million (vs. Street’s $765.91 million), with UGG brand revenue growing 8.0% to $448.4 million and HOKA brand revenue growing 47.0% to $210.4 million.

Despite the supply chain issues the company has confidence in the year and provided its full 2022-year guidance, expecting revenue of $3.01-$3.06 billion and EPS of $14.15-$15.15 (vs. Street’s $15.15).

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