Deckers Brands' Stock Surges on Strong Hoka and UGG Sales

First-quarter earnings exceed expectations as popular footwear brands drive significant revenue growth.

Deckers Brands reported a 22.1% increase in net sales for the first quarter, totaling $825.3 million.
Sales of Hoka running shoes rose by 30%, while UGG boots saw a 14% increase.
The company's net income more than doubled from the previous year, reaching $115.63 million.
Deckers shares closed up 6.5% after the profit forecast was raised.
CEO Dave Powers will retire next week, with Stefano Caroti set to take over.