Hoka Owner Is On a Runner’s High
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Running shoe brand Hoka has been on a growth track for a decade. Its owner, Deckers, reported after Thursday’s market close that sales at Hoka surged 30% in the quarter ended June 30 compared with a year earlier. Deckers, which also owns boots maker Ugg and sandal brand Teva, saw companywide constant currency revenue grow 23%, which is better than the 20% increase analysts were penciling in.