Ugg, Hoka owner Deckers Brands' shares soar 9% on strong earnings, outlook
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Deckers Brands (NYSE:DECK) shares surged 9% in after-hours trading following strong Q2 earnings that exceeded analyst expectations. The company reported adjusted EPS of $0.59, beating the consensus of $0.23, with revenue up 20.1% YoY to $1.31 billion. HOKA sales jumped 34.7% YoY, while UGG sales rose 13%. Deckers raised its full-year revenue outlook to a 12% increase, expecting $2.8 billion, and adjusted EPS guidance to $1.15-$1.25. The positive results reflect strong consumer demand and improved gross margins at 55.9%.
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