Deckers Outdoor's Q4 Earnings Beat Guidance and HOKA Super Shoe Launch

Deckers Outdoor reported higher quarterly and nine-month sales and earnings, completed a multi-year share repurchase program, and issued guidance calling for full-year net sales between $5.40 billion and $5.43 billion and diluted EPS of $6.80 to $6.85. The company's HOKA brand launched high-end shoes, underlining its growth ambitions. Investors should weigh the stock's valuation, potential cost and profitability issues, and slower forecast earnings growth.