Deckers Soars as Earnings Boosted by Strong Hoka Sales

31 minutes ago

Deckers Outdoor (DECK) shares soared Friday, a day after the footwear maker posted better-than-expected results and boosted its outlook as demand for its Hoka brand shoes surged.

The company reported second-quarter fiscal 2025 diluted earnings per share (EPS) of $1.59, with revenue up 20.1% from a year ago to $1.31 billion. Both exceeded analysts' estimates compiled by Visible Alpha.

Sales of Hoka shoes jumped 35% to $579.9 million, while Ugg sales were up 13% to $689.9 million. Domestic revenue rose 14% to $853.9 million, and surged 33% to $457.4 million internationally.

Shares of Deckers were up 13% Friday morning, trading at their highest levels since June, and have added more than 50% of their value this year.

–Bill McColl

Versace Parent Capri Plunges as Tapestry Deal Blocked

1 hr 21 min ago

Capri Holdings (CPRI) shares plummeted nearly 50% after a federal judge blocked Coach owner Tapestry’s (TPR) $8.5 billion acquisition of the Versace and Michael Kors parent.

Shares of Tapestry, which also owns the Kate Spade and Stuart Weitzman brands, were up 15% after the ruling, which sided with antitrust regulators in arguing that the combination would hurt competition and lead to higher prices.

The luxury brands announced the deal last year but the Federal Trade Commission (FTC) sued to block their merger, saying the combined firm would have too much power and reduce competition in the market for accessible luxury handbags.

On Thursday, Southern District of New York judge Jennifer Rochon granted the FTC's motion for a preliminary injunction to block the proposed merger in a 169-page ruling.

Both Capri and Tapestry said they would appeal.

–Nisha Gopalan

Six-Week Winning Streak in Danger of Ending

2 hr 28 min ago

The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite have posted weekly gains for six consecutive weeks.

That streak is in danger of ending as trading gets underway Friday. The chart below shows the performance of the major indexes this week through Thursday's close.

Futures Point to Higher Open for Major Indexes

3 hr 19 min ago

Futures tied to the Dow Jones Industrial Average were up 0.2%.

S&P 500 futures were up 0.3%.

Nasdaq 100 futures were up 0.4%.

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