Reported 1 day ago
Deckers Outdoor Corporation reported better-than-expected first-quarter earnings due to growing international demand for its Hoka and UGG brands, particularly in Europe, resulting in a 49.7% increase in international sales. Despite a dip in domestic sales and higher input costs from tariffs on manufacturing, the company's overall wholesale revenue rose by 26.7%. Deckers anticipates second-quarter net sales to align with analyst expectations, although it has previously scrapped its annual forecast due to market uncertainties.
Source: YAHOO