On October 23, 2025, Deckers Outdoor Corporation (DECK) reported Q3 revenue of $1.43 billion, up 9.1% year-over-year, and GAAP EPS of $1.82, both beating analyst estimates. However, the company’s full-year revenue guidance of $5.35 billion fell 2% short of consensus, leading to investor disappointment despite strong brand performance from HOKA and UGG[1][2][3]. The stock dropped sharply, closing at $102.54 (+1.64%) during regular hours and plunging to $90.06 (-12.17%) in after-hours trading, as investors reacted negatively to the cautious outlook and slower projected growth[1][2][3]. The sell-off was driven by concerns over the company’s ability to sustain top-line momentum, with the market focusing more on the guidance miss than the earnings beat, despite Deckers’ continued profitability and share repurchases[2][3].