The Stock Price of Hoka and UGG Maker Deckers Outdoor Is Soaring Today. Here’s Why.
Key Takeaways
- Deckers Outdoor stock soared Friday morning after the company reported strong quarterly results and issued a better-than-expected outlook.
- The company said it sees significant room for sales of its Hoka running shoes to continue growing as its fastest-growing brand.
A shoemaker’s stock is running to its highest point in months Friday.
Deckers Outdoor (DECK) shares surged 11% in early trading after the parent company of Hoka running shoes and UGG boots reported better fiscal third quarter results than expected.
Deckers said after the bell Thursday that it earned $3.33 per share on $1.96 billion in revenue, each topping estimates compiled by Visible Alpha. Sales of the Hoka and UGG brands increased 18% and 5%,…
