NEW YORK (TheStreet) --Shares of Deckers Outdoor (DECK) - Get Report are gaining by 12.84% to $58.63 in pre-market trading on Friday morning, after the retailer posted better than expected fiscal 2016 second quarter financial results.
The Goleta, CA-based footwear, apparel and accessories company reported earnings $1.11 per diluted share for the most recent quarter. Analysts surveyed by Thomson Reuters were expecting earnings of $1.06 per share.
Net sales for the three month period ending September 30 grew by 5.4% year over year to $506.2 million. Analysts had forecast for $485.34 million in revenue for the 2016 second quarter.
"I'm very pleased with our current performance which wouldn't have been possible without the strategic investments we've made in key areas of the business over the past several years. From Omni-Channel capabilities and product innovation to marketing and people, we are in the process of transforming the company into a consumer centric, global brand operator positioned to deliver sustainable top-line growth and operating margin expansion," company CEO Angel Martinez said in a statement.