.July 26, 2024 05:41:00 AM

Deckers Outdoor Corporation (NYSE:DECK) exceeded expectations in the first quarter, reporting earnings per share of $4.52 on revenue of $825 million. The company’s shares surged 11% in pre-market trading after raising its guidance, driven by strong demand for its Hoka and Ugg brands.

The Hoka and Ugg brands were highlighted for driving full-price demand globally, leading to an improved gross margin of 56.9%, up from 51.3% in the same period last year. Deckers emphasized the brands’ contribution to increased margins.

Looking ahead, Deckers raised its fiscal 2025 earnings guidance to a range of $29.75 to $30.65 per share, reflecting confidence in continued growth and success.