Deckers Outdoor Stock Jumps. Thank Strong UGG Sales for That.

Shares of Deckers Outdoor jumped nearly 15% in premarket trading, after posting both revenue and net income that surpassed Wall Street’s expectations for its fiscal fourth-quarter and full-year 2022 results, thanks to strong consumer demand. The company (ticker: DECK), which is the parent of shoe brands including UGGs, Teva, and HOKA ONE ONE, reported revenue Thursday after the closing bell of $736 million from $561.2 million for the same period last year. Global UGG revenue increased 15% from last year to $1.9 billion.