Deckers Outdoor Beats Q4 Estimates On Continued HOKA Brand Momentum - Deckers Outdoor (NYSE:DECK)

Deckers Outdoor shares are powering higher. What’s driving DECK stock higher?

Deckers Q4 Earnings ResultsDeckers posted fourth-quarter revenue of $1.12 billion, beating analyst estimates of $1,09 billion. The casual footwear and apparel company reported earnings of 96 cents per share for the quarter, beating analyst estimates of 83 cents per share, according to Benzinga Pro.Total revenue increased 10% year-over-year. Direct-to-consumer sales were up 13.2% to $464.4 million, and wholesale net sales increased 7.1% to $654.9 million. Here's a breakdown of revenue by brand:

HOKA: $671.2 million, up 14.5%

UGG: $408.6 million, up 9.2%

Other brands: $39.5 million, down 35.6%