Likefolio’s Landon Swan previews Deckers Outdoor (DECK) earnings and shares his consumer sentiment data. He thinks consumers are moving away from “established brands” like Nike (NKE), and sees significant strength and loyalty in its Hoka and UGG brands. He particularly likes how both brands are expanding into different categories, such as hiking for Hoka. However, his concerns are around competition, especially from On Holdings (ONON).