Deckers Defies Skeptics: HOKA and UGG Powerhouse Stuns Market with Blowout Quarter, Fueling Rally in 'Forgotten' Growth Stock
Amid a brutal year for apparel stocks, Deckers Outdoor delivered a stunning earnings beat, sending shares soaring 19%. The performance of its HOKA and UGG brands, coupled with raised guidance, suggests Wall Street's pessimism may have been overblown for this long-term winner.