May 21 (Reuters) – Deckers Outdoor forecast annual sales and profit above Wall Street estimates on Thursday, banking on resilient demand for its UGG boots and Hoka running shoes.
Growth in wholesale and direct-to-consumer channels, coupled with new product launches, benefited the company despite pressure on lower-income consumers from sticky inflation.
Sales at its Hoka brand rose 14.5% during the fourth quarter, while sales at the UGG brand increased 9.2%.
“Our focus on brand building, product innovation and category leadership, along with marketplace execution continues to drive full-price demand across an expanding global audience,” CEO Stefano Caroti said in a statement.
Deckers, which relies heavily on Vietnam as a key manufacturing hub, expects fiscal 2027 sales to be between $5.86 billion and $5.91 billion, compared with analysts’ average estimate of $5.82 billion, according to data compiled by LSEG.
Annual per-share earnings are forecast at $7.30 to $7.45, while analysts expect $7.34.
Overall quarterly sales rose 10% to $1.12 billion, and profit came in at 96 cents per share. Both topped analysts’ expectations.
(Reporting by Neil J Kanatt and Nathan Gomes in Bengaluru; Editing by Shailesh Kuber and Shilpi Majumdar)