Deckers Brands, the parent company of Hoka and Ugg, saw shares surge 15% after beating expectations in Q1, with net sales up 16.9% to $964.5 million. Hoka led in sales with $653.1 million, while Ugg saw a 18.9% increase to $265.1 million. Deckers expects Q2 net sales of $1.38 billion to $1.42 billion.

Despite a 2.8% decline in domestic sales, Deckers noted a 49.7% increase in international sales in Q1. President and CEO Stefano Caroti praised Hoka and Ugg for exceeding expectations, with Hoka launching a global running campaign. Former CEO Dave Powers will retire after nine years of service on the board.

Deckers Brands anticipates global trade uncertainty and macroeconomic pressures in Q2, providing guidance for net sales of $1.38 billion to $1.42 billion and diluted earnings per share of $1.50 to $1.55. The company remains optimistic about the long-term opportunities for its brands despite global trade challenges.

Read more at Yahoo Finance: Deckers Stock Surges After Hoka and Ugg Fuel Q1 Beat