Consumer companies fell after a mixed round of earnings. Deckers Outdoors plunged after the maker of Hoka- and Ugg-branded shoes posted sales shy of some investors' expectations.
Deckers Outdoor beats earnings expectations, but analysts have mixed views on future growth, with concerns over slowing HOKA sales and inventory issues.
Deckers Brands raised its sales outlook for fiscal 2025, boosted by the momentum of its Hoka and UGG brands. The conglomerate of brands on Thursday said it now expects full-year sales of $4.9 billion, ...