Deckers Outdoor (DECK) shares skyrocketed over 13% to an all-time high in early trading Friday as the maker of fashion footwear blew away qua༺rterly profit estimates on soaring demand for its Hoka and Ugg brand shoes.

The company posted fiscal 2024 fourth-quarter 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $4.95, more than $2 above analysts' estimates compiled by Visible Alpha. Revenue increased 21% from a year ago to $959.8 million, also above forecasts. 

Hoka and Ugg Demand Fuels Sales Beat

By brand, Hoka sales jumped 34% to $533 milli♋on, and Ugg sales c🦋limbed 15% to $361.3 million. They declined 16% for Teva and 39% for Sanuk, while sales of other brands, primarily composed of Koolaburra, were flat. 

Sales were up 19% to $647.7 million domestically and 25% to $312 million internationally. Direct-To-Consumer (DTC) sales gained 21% to $415.2 million, with wholesale sales climbi𝔉ng 21% to $544.6 million.

CEO Dave Powers said Hoka and Ugg “remain two of the most admired aღnd well-poꦰsitioned brands in the marketplace.”

Deckers said it anticipates full-year EPS for fiscal 2025 of $29.50 to $30, up from $29.16 in fiscal 2024. The company projected revenue growth of app💜roximately 10% to $4.7 billion, in line with expectations. 

Shares of Deckers were 13.3% higher at $1,025 as of 11 a.m. ET Friday and have gained over 52% since the start of the year.