Hoka-owner Deckers Outdoor falls after maintaining annual sales forecast
BUZZ-Hoka-owner Deckers Outdoor falls after maintaining annual sales forecast Updates
** Shares of Deckers Outdoor DECK.N fall as much as 4.6% to $91.80 - lowest since December 2025
** The Hoka-owner kept its annual sales outlook unchanged at $5.86 billion to $5.91 billion on Thursday
** Raised full-year profit/share forecast by 5 cents to $7.35 to $7.50; analysts on average were expecting $7.50 per share - LSEG data
** "Our second-quarter gross margin is expected to be down due to tariffs and rising freight costs" - CFO Steven Fasching
** While DECK's investments are expected to accelerate sales growth over time, they add some near-term cost pressure in a volatile and uncertain consumer environment - Telsey Advisory
** Brokerage maintains "market perform" rating; cuts PT to $105 from $113, citing weaker-than-expected Q2 forecast
** Up to last close, stock down about 7% YTD
(Reporting by Anuja Bharat Mistry in Bengaluru)