Deckers Outdoor Corporation's (DECK) stock plunged 15.85% in after-hours trading on Thursday, following the release of the company's third-quarter fiscal year 2025 financial results.

The footwear and apparel company reported record quarterly revenue of $1.83 billion, up 17.1% from the same period last year, and record diluted earnings per share of $3.00, an increase of 19% year-over-year. The strong performance was driven by continued momentum for the company's iconic UGG and HOKA brands.

However, despite the impressive top and bottom-line growth, Deckers Outdoor's stock price took a hit as the company's updated full-year guidance seemingly fell short of market expectations. For fiscal year 2025, the company raised its revenue growth outlook to approximately 15%, up from its previous guidance, but potentially lower than what analysts were anticipating. Additionally, Deckers raised its full-year diluted EPS guidance to a range of $5.75 to $5.80, which may have also disappointed investors looking for a more substantial increase.