Deckers Outdoor Coral Becomes Top Performer in S&P 500's Consumer Sector

Published 5 hours agoDECK

Deckers Outdoor Coral Becomes Top Performer in S&P 500's Consumer Sector

Deckers Outdoor Corp. has been identified as a significant gainer within the S&P 500's consumer discretionary sector. The company's fiscal fourth quarter of 2024 showcased impressive results with earnings per share hitting $4.95, outstripping analyst projections by $1.94. Deckers also saw a notable revenue rise of 21.2%, amounting to $959.80 million, surpassing the expected $892 million, as highlighted by MarketBeat.

Key drivers of this growth were Deckers' brands, with HOKA achieving a remarkable 34% leap in revenue year-over-year, reaching $544 million. Similarly, the UGG brand experienced a solid 14.9% increase, totaling $361.3 million. This strong brand performance played a crucial role in Deckers' financial success and heightened market position.

On May 24, 2024, Deckers' shares surged by 14.2% to reach an all-time high, a reaction to their robust earnings report, as noted by Investopedia. Additionally, the company's strategic positioning was enhanced by its inclusion in the S&P 500 index effective March 18, 2024, replacing Whirlpool Corp. and Zions Bancorp NA, according to Bloomberg. These developments underline Deckers' impressive market trajectory within the consumer sector.

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