Soaring Sales of Hoka and Ugg Shoes Send Deckers Stock to a Record High

Key Takeaways Deckers Outdoor (DECK) shares skyrocketed over 13% to an all-time high in early trading Friday as the maker of fashion footwear blew away quarterly profit estimates on soaring demand for its Hoka and Ugg brand shoes. The company posted fiscal 2024 fourth-quarter earnings per share (EPS) of $4.95, more than $2 above analysts' estimates compiled by Visible Alpha. Revenue increased 21% from a year ago to $959.8 million, also above forecasts. Hoka and Ugg Demand Fuels Sales Beat By brand, Hoka sal ...