Ugg boots owner Deckers Outdoor Corp (NYSE:DECK) shares rose more than 9.6% to $531.07 after revenue and earnings beat Wall Street expectations.
At $1.092 billion, the footwear firm’s second-quarter revenue was up 25% and easily beat the consensus forecast of $961 million.
Earnings were reported at $179 million or $6.82 per share, versus analyst expectations pitched at $4.43.
Chief executive Dave Powers, in a statement, described it as an “exceptional performance”.
"The strength of demand for our HOKA and UGG brands continued to drive exceptional performance, producing record revenue and earnings for Deckers in both the second quarter and first half of fiscal year 2024,” he said.
"Our team's ability to deliver compelling products that create emotional connections with consumers through engaging marketing campaigns, differentiates our brands in a competitive marketplace.”
He added: “We are focused on maintaining the integrity of our healthy brands to deliver the results detailed in our increased outlook, while remaining aligned with long-term objectives."