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Deckers Outdoor on Thursday raised its annual net sales forecast for a second time, after beating third-quarter sales estimates, as it benefited from strong demand for its Hoka running shoes in the US during the holiday season.
Still, shares of the footwear maker fell 10.3 percent in extended trading. They had jumped 82 percent in 2024.
Hoka shoes with their oversized soles have been gaining market share from brands such as Nike in the sportswear category.
That, coupled with the success of the…
