Investors started looking past the footwear giant's weak first-quarter results.
News & Analysis: Deckers Outdoor
DECK earnings call for the period ending March 31, 2020.
One analyst no longer sees the footwear company hitting the lofty target he previously set.
Deckers isn't the first to do so, nor will it be the last.
Deckers is trading at a discount compared to other footwear and apparel giants, yet it continues to post strong multiyear growth after a restructuring.
Record sales at HOKA ONE ONE and steady growth at UGG drove a strong quarter for Deckers Outdoor.
Shares of the footwear specialist jumped on a strong earnings report
DECK earnings call for the period ending December 31, 2019.
The company delivered with its fiscal 2020 second quarter earnings, helped by strong results from HOKA ONE ONE. But muted guidance and risks sent shares down the next day.
DECK earnings call for the period ending September 30, 2019.