Deckers faces Wall Street doubts ahead of Q2 earnings
· Beauty & Fashion · United States
Deckers, the parent of Ugg and Hoka, reports second-quarter earnings on Thursday, and some on Wall Street are raising concerns, WWD reports. The preview does not specify what is driving the worries or give expected figures. Deckers has become a closely watched name in footwear because of Hoka's rapid growth in performance running, which has made the brand a key driver of the group's results alongside the more established Ugg business. The immediate effect is heightened scrutiny on whether the company can keep momentum in a tougher consumer environment; the earnings release will be the first hard read on that question.
Why it matters:Deckers' results are a bellwether for whether performance-running growth can offset softer demand elsewhere in footwear.
Key points
- Deckers owns Ugg and Hoka.
- Second-quarter earnings are due Thursday.
- The report does not detail the specific concerns.
Sources (original reporting)
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