Deckers Outdoor shares reach an all-time high due to strong Q4 and yearly sales for Ugg and Hoka brands.
Deckers Outdoor shares hit an all-time high of $1,000 per share due to strong sales in its fiscal fourth quarter and the year as a whole, particularly for its Ugg and Hoka brands. Sales jumped 21% year-over-year to nearly $1 billion during the quarter, and full-year net sales rose 18% compared to fiscal 2023. The company's performance has led to optimistic projections for its business, with management expecting another increase in earnings.
May 23, 2024
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