Why Deckers Brands Stock Popped Today
Shares of Deckers Brands (NYSE: DECK) jumped 12.6% on Friday after the footwear and apparel company delivered sales and profits that exceeded investors' expectations.
Deckers' revenue surged 31.2% year over year to $736 million in its fiscal 2022 fourth quarter, which ended on March 31. The gains were broad-based, with wholesale net sales up 37.6%, to $448.8 million, and direct-to-consumer net sales up 22.2%, to $287.2 million.
Deckers' most important brands enjoyed solid growth. UGG brand sales rose 24.7% to $374.6 million, while HOKA brand sales soared 59.7% to $283.5 million.
Source Fool.com
