Deckers posted record Q2 revenue (up 3.5%) and beat on EPS at 2.03, its two biggest brands holding up as Nike struggled, but the stock fell more than 6% after full-year sales guidance was cut to 5.7-5.75 billion and Hoka's growth outlook was lowered; US revenue fell 0.4% while international rose 9%.

Let's talk about Deckers and its profits. The situation was difficult, regardless of whether you performed well in this sector or not, for companies like Deckers, Aon Holdings, Nike and Lululemon.

The entire sector was under pressure. Pressure continues to mount on Deckers.

The stock fell by more than 6% after the results were announced. The company has already recorded record sales, but it is its future prospects that worry investors . Second quarter revenues rose 3.5% to nearly 1.5 billion.

That was a record for this quarter. The results were close to expectations, with only a slight decline. Adjusted earnings per share exceeded expectations at 2.03, so profitability was stronger than anticipated.

Growth forecasts are now declining for its two largest brands, Hoka and Ags. We know that Agz shoes are affected by seasonality . Regarding Hoka's sales growth forecast, they now expect high single-digit growth for the full year , a downward reversal from low double digits.

And don't forget that Hoka's sales increased by 6.8%. We look at those numbers. Agz sales increased by 3.5%. Other sectors of their business have declined by more than 50%, but remember again that Hoka and Agz are the primary source of income there.

For future projections for the entire year, they reduce them to between 5.7 and 5.75 billion. This is a reduction at both ends, from the minimum to the maximum. They have raised their earnings per share forecast, but again, it is the sales forecast that is currently worrying investors.

Updated earnings forecasts also include the impact of tariff recovery , which is one reason why investors don't rely on them too much because it's not a constant that we can always see.

Regarding the consumer situation, sales in the United States appear to be as follows . Domestic revenues declined by 0.4%. Therefore , the American consumer does not appear to be as strong as it once was.

One of the advantages that Deckers enjoyed was its pricing power. They were still able to sell shoes at normal prices, without having to offer many discounts or do discounts similar to Aon Holdings, but you can see some pressure on local sales.

International revenues increased by 9%. So, the strongest source of growth here is the global consumer versus the American consumer. Keep an eye on whether American demand will improve, whether people will continue to buy Hookah shoes, or whether they will keep their sneakers for longer, Nicole.

Look, I can say it's really great to see their sales rising like this. You mentioned a record number. I mean, Hoka and AG, great news there , especially since the market is so competitive and we hear that some others are struggling a bit like Nike, right? So, a really good performance there.