Deckers Brands Cuts Annual Revenue Outlook Despite Record Quarterly Revenue
Deckers Brands lowered its revenue outlook for the year despite reporting record second-quarter revenue. Its stock fell 8% to $78.49 in after-hours trading.
By Janet H. ChoDeckers Brands, maker of footwear brands Hoka, Ugg, and Teva, lowered its revenue outlook for the year, sending its stock lower in after-hours trading despite reporting record revenue for the second quarter.Deckers' stock was down 8% to $78.49 late Thursday afternoon, after closing d…