Deckers Outdoors raises annual sales forecast on strong demand for Hoka shoes

(Reuters) – Deckers Outdoor (NYSE:DECK) beat Wall Street estimates for second-quarter results and raised its annual sales forecast on Thursday, as its brands such as UGG boots and Hoka running shoes continue to resonate with customers.

The company’s shares were up 8.5% at $164.80 after the bell, set to add to the about 35% gain so far this year.

Deckers expects annual sales to increase 12% to $4.8 billion, from a 10% rise to $4.7 billion it previously expected.