Deckers Outdoor Corp. (DECK) reported its fiscal first-quarter results after Thursday's closing bell, and the numbers were better than Wall Street expected. The company behind HOKA and UGG posted earnings of $0.94 per share, beating the analyst consensus of $0.87 by 8.05%. Revenue came in at $1.02 billion, just above the $1.018 billion estimate.

This is the first time Deckers has surpassed $1 billion in revenue during a first quarter. CEO Stefano Caroti said the company delivered "a solid start to the fiscal year." He credited the performance to "the continued strength of HOKA and UGG, with growing global demand as both brands extend their reach through compelling product innovation."

Breaking down the numbers, HOKA brand net sales rose 7.7% to $703.5 million, while UGG brand net sales increased 4.9% to $278 million. Other brands, which include Teva and Sanuk, saw sales drop 18.1% to $37.9 million.

By channel, wholesale net sales edged up 2.2% to $666.7 million, but direct-to-consumer (DTC) sales jumped 13% to $352.8 million. DTC comparable sales were up 6.8%, showing that customers are increasingly buying straight from the company.

Geographically, domestic net sales rose 3.2% to $517.4 million, while international net sales grew 8.4% to $502.1 million. International markets are becoming a bigger piece of the pie.

Despite the earnings beat, Deckers stock was down 2.85% to $93.49 in Thursday's extended trading. Sometimes the market wants even more.