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Article Date: January 2019
Word Count: 533

Ugg and Hoka Send Deckers Higher in FQ3


Net income more than doubled in its most important quarter to $194,027,000 from $90,887,000 last year that included a $63 million one-time deferred tax asset charge, as revenues surged 8% to $873,800,000 from $810,478,000. DECK shares jumped 8% in after-hours trading on the news. Management said it is essentially a full-year ahead of plan on the long term strategic goals it put in place during the skirmish with activist investment fund Marcato Capital in 2017. It touted success in its initiatives including bringing innovative product to market, tightening up distribution while segmenting product offerings, growing the non-Ugg brands, improving gross ... Log in to view full article.

 


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