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Hoka and UGG Owner Deckers Stock Jumps After Strong Earnings

1. Deckers reports strong Q1 earnings with EPS of $0.93, exceeding estimates. 2. International sales soared nearly 50%, while domestic sales fell by nearly 3%. 3. Hoka and Ugg brands saw significant revenue growth of 19.8% and 18.9%. 4. Current-quarter guidance EPS is projected between $1.50 and $1.55. 5. Year-to-date, DECK shares are down approximately 40%, despite recent gains.

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FAQ

Why Bullish?

DECK's strong performance and guidance suggest improved market sentiment. Historical instances show stock rebounds following positive earnings reports.

How important is it?

Strong earnings and growth are crucial for DECK's recovery from YTD losses.

Why Short Term?

Positive earnings and growth will likely boost investor sentiment quickly. However, ongoing market volatility may limit long-term effects.

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