$Deckers Outdoor(DECK.US) (+17% no position) blew away 1Q ests last night behind strength of HOKA running shoes and UGGS footwear. Deckers reported 1Q sales of $964.5M, well above analysts’ avg ests of $901.4M. 1Q Adj EPS was $.93 vs $.68 expected. HOKA sales were $653M vs $611M expected. UGG sales were $265M vs $237M expected. Swiss sneaker maker On Holding ( $On Holding AG(ONON.US)) rose +3% in sympathy. DECK 2Q guidance was in line with expectations and viewed as conservative given the tariff uncertainty.
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