By Sabela Ojea

Deckers Brands raised its sales outlook for fiscal 2025, boosted by the momentum of its Hoka and UGG brands.

The conglomerate of brands on Thursday said it now expects full-year sales of $4.9 billion, up from a prior guidance of $4.8 billion. Wall Street expected revenue of $4.93 billion for fiscal 2025 ending March 31.

"Our increased full-year revenue outlook calls for 15% growth, which would be our fifth consecutive year growing mid-teens or higher," Chief Executive Stefano Caroti said.

Shares fall 16% to $186 in post-market trading. Through Thursday's close, the stock has surged 73% over the past 12 months.

Deckers also raised its full-year per-share earnings outlook to $5.75 to $5.80 from $5.15 to $5.25 previously.

Deckers' outlook follows strong momentum from its core Hoka and UGG brands.

The company posted a net profit for the three months ended Dec. 31 of $456.7 million, or $3 a share, compared with $389.9 million, or $2.52 a share, for the same period a year earlier.

The company increased its selling and general expenses to $535.4 million from $428.7 million a year ago.

Sales jumped 17% to $1.83 billion, beating the $1.73 billion expected by Wall Street, according to FactSet.

Deckers Brands said UGG saw sales growth of 16% to $1.24 billion, with Hoka recording a 24% jump in sales to $530.9 million.

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

(END) Dow Jones Newswires

January 30, 2025 16:58 ET (21:58 GMT)

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