Deckers Outdoor is trading 6.6% down at $89.99 after investors reacted to a significant deceleration in growth for its flagship HOKA brand.
- HOKA sales growth slowed to 7.7%, a sharp decline from its previous pace of over 20%.
- The company reported record quarterly revenue exceeding $1 billion and slightly raised its full-year EPS guidance.
- Deceleration in the key growth brand, combined with broader market weakness, is weighing on the stock in after-hours trading.