Deckers Brands (DECK) late Thursday reported net income of $2.51 per share for its fiscal Q4 ended March 31, up from $1.18 per share during the year-ago period. Net sales for the footwear company increased 31.2% year-over-year to $736 million compared with $561.2 million during the March quarter of 2021.
Analysts polled by Capital IQ, on average, had been expecting Deckers to earn $1.29 per share on $639.8 million in sales.
The company also is projecting fiscal 2023 net income between $17.40 to $18.25 per share and sees revenue growing 10% to 11% over prior-year levels, suggesting a range of $3.45 billion to $3.5 billion based on $3.15 billion in FY22 sales. The Street is at $18.11 per share and $3.44 billion, respectively.
Deckers shares were up 10% in Friday afternoon trading.
Price: 251.39, Change: +24.60, Percent Change: +10.85
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