What's Going On With Footwear Stocks Today?

The Details:

Skechers reported record second-quarter sales of $2.16 billion resulting from increases in both its direct-to-consumer and wholesale segments. The company also raised its sales and earnings guidance to above Street estimates. 

Deckers, parent company of the UGG and HOKA brands, reported better-than-expected results on the top and bottom line with total revenue increasing 22% year-over-year and earnings up 87%. 

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Crocs is the next to report earnings on Aug. 1 before the opening bell, followed by On Holding reporting in mid-August, according to data from Benzinga Pro

SKX, DECK, ONON, BIRK, CROX Price Action: According to Benzinga Pro, Skechers shares are up 2.78% at $65.48 , Deckers shares are up 7.99% at $908.75, On Holdings shares are up 4.78% at $40.03, Birkenstock shares are up 2.11% at $56.69 and Crocs shares are up 4% at $130.14 at the time of publication Friday.

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