Shares of Deckers Brands , the parent company of Hoka and Ugg , dropped over 8 percent on Thursday in after-market trading following the company’s mixed performance in the second quarter.

The Goleta, Calif.-based company reported that net sales in the second quarter of fiscal 2027 increased 3.5 percent to $1.48 billion compared to $1.43 billion in the same year-ago period. Net income for the three months ended Sept. 30 rose 16.8 percent to $313.1 million, or $2.31 a diluted share, down from $268.2 million, or $1.82 a diluted share, the prior year.

Net sales this quarter missed analysts’ expectations, which called for net sales in the range of $1.50 billion to $1.52 billion. However, the company did beat the Street’s best bet when it comes to diluted earnings per share (EPS), with analysts expecting EPS to be in the range of $1.76 to $1.83, according to Yahoo Finance.

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