Why Deckers Stock Jumped Today

Deckers owns various shoe brands including its big two brands, Hoka and Ugg. Net sales for both of these brands were up in Q1, leading to overall revenue growth of 22%. The company's Q1 gross margin of nearly 57% was up sharply from a gross margin of just north of 51% in the prior-year period. And this major improvement led to strong bottom-line profitability. Shares of shoe company Deckers Outdoor (DECK 8.12%) jumped on Friday after the company reported financial results for its fiscal first quarter of 202 ...