US Market News
3 weeks ago
Deckers Brands Reports Fourth Quarter and Full Fiscal Year 2026 Financial ResultsMay 21, 2026 4:05 PM
Business Wire Fourth Quarter FY 2026 Revenue Increased 10% to a Record $1.12 Billion Full Year FY 2026 Revenue Increased 10% to a Record $5.47 Billion Full Year FY 2026 Diluted EPS Increased 11% to a Record $7.02 Guides FY 2027 Revenue Growth of High-Single-Digit Percentages Guides FY 2027 Diluted EPS Range of $7.30-$7.45 Company Provides Multi-Year Framework Through Fiscal Year 2030 Share Repurchase Authorization Increased by an Additional $3.5 Billion, Bringing the New Total to Approximately $5 Billion Deckers Brands (NYSE: DECK), a global leader in designing, marketing, and distributing innovative footwear, apparel, and accessories, today announced financial results for the fourth fiscal quarter and full fiscal year ended March 31, 2026. The Company also provided its financial outlook for the full fiscal year ending March 31, 2027 and a multi-year financial framework for the fiscal years ending March 31, 2028 through March 31, 2030. “Fiscal 2026 was another record year for Deckers, with revenue and earnings growth powered by the continued momentum of HOKA and the enduring strength of UGG,” said Stefano Caroti, President and Chief Executive Officer. “Our focus on brand building, product innovation and category leadership, along with marketplace execution continues to drive full-price demand across an expanding global audience, underscoring the long-term potential of our portfolio. We are confident in our ability to deliver compelling value for years to come, further reinforcing our competitive posture as an industry leader." Fourth Quarter Fiscal 2026 Financial Review (Compared to the Same Period Last Year) Net sales increased 9.6% to $1.119 billion compared to $1.022 billion. On a constant currency basis, net sales increased 7.7%. Brand HOKA® brand net sales increased 14.5% to $671.2 million compared to $586.1 million. UGG® brand net sales increased 9.2% to $408.6 million compared to $374.3 million. Other brands net sales decreased 35.6% to $39.5 million compared to $61.3 million. Channel Wholesale net sales increased 7.1% to $654.9 million compared to $611.6 million. Direct-to-Consumer (DTC) net sales increased 13.2% to $464.4 million compared to $410.2 million. DTC comparable net sales increased 8.2%. Geography Domestic net sales increased 0.3% to $649.8 million compared to $647.7 million. International net sales increased 25.5% to $469.5 million compared to $374.1 million. Gross margin was 57.6% compared to 56.7%. Selling, General, and Administrative (SG&A) expenses were $487.9 million compared to $405.8 million. Operating income was $156.7 million compared to $173.9 million. Diluted earnings per share was $0.96 compared to $1.00. Full Fiscal Year 2026 Financial Review (Compared to the Same Period Last Year) Net sales increased 9.8% to $5.472 billion compared to $4.986 billion. On a constant currency basis, net sales increased 9.0%. Brand HOKA® brand net sales increased 15.9% to $2.587 billion compared to $2.233 billion. UGG® brand net sales increased 8.2% to $2.739 billion compared to $2.531 billion. Other brands net sales decreased 33.9% to $146.2 million compared to $221.2 million. Channel Wholesale net sales increased 12.3% to $3.208 billion compared to $2.856 billion. DTC net sales increased 6.3% to $2.264 billion compared to $2.130 billion. DTC comparable net sales increased 4.6%. Geography Domestic net sales increased 0.2% to $3.192 billion compared to $3.187 billion. International net sales increased 26.8% to $2.281 billion compared to $1.799 billion. Gross margin was 57.7% compared to 57.9%. SG&A expenses were $1.895 billion compared to $1.707 billion. Operating income was $1.263 billion compared to $1.179 billion. Diluted earnings per share was $7.02 compared to $6.33. Net sales in the above results for the respective Other brands, Wholesale channel, and Domestic geography include current fiscal year declines primarily driven by the phase-out of Koolaburra brand standalone operations and the sale of the Sanuk brand. Balance Sheet (March 31, 2026 as compared to March 31, 2025) Cash and cash equivalents were $1.907 billion compared to $1.889 billion. Inventories, including the impact of incremental tariffs, were $487.0 million compared to $495.2 million. The Company had no outstanding borrowings. Capital Allocation During the fourth fiscal quarter, the Company repurchased approximately 2.5 million shares of its common stock for a total of $261.6 million at a weighted average price paid per share of $105.61. During the full fiscal year 2026, the Company repurchased approximately 10.5 million shares of its common stock for a total of $1.075 billion at a weighted average price paid per share of $102.43. As of March 31, 2026, the Company had approximately $1.5 billion remaining under its stock repurchase authorization. The Board of Directors has approved an increase of $3.5 billion to the Company's stock repurchase authorization, which brings the Company's total outstanding authorization to approximately $5 billion. CFO Commentary “Our fiscal 2026 results reflect another year of exceptional performance, with record revenue, industry-leading operating margins, and double-digit earnings per share growth,” said Steve Fasching, Chief Financial Officer. “Our financial fortitude and strong operating model continue to fuel our category leading brands, driving high-quality growth and supporting focused investments in our long-term opportunities. In addition, we generated over one billion dollars of free cash flow, enabling us to return meaningful capital to shareholders through share repurchases. We have provided a compelling outlook and are excited to build upon our foundation to capture the bright future ahead for Deckers.” Full Fiscal Year 2027 Outlook for the Twelve Month Period Ending March 31, 2027 Net consolidated sales are expected to be in the range of $5.86 billion to $5.91 billion. HOKA is expected to increase by a low-double-digit percentage versus last year. UGG is expected to increase by a mid-single-digit percentage versus last year. Gross margin is expected to be approximately 56.5%. SG&A expenses as a percentage of net sales are expected to be approximately 35%. Operating margin is expected to be approximately 21.5%. Effective tax rate is expected to be approximately 23%. Diluted earnings per share is expected to be in the range of $7.30 to $7.45. The earnings per share guidance assumes the repurchase of shares with a value equal to approximately 80% of the projected fiscal year 2027 free cash flow. Multi-Year Financial Framework for Fiscal Years 2028 through 2030, the Company expects: Net consolidated sales to increase high-single-digit percentages annually. HOKA to increase low-double-digit percentages. UGG to increase mid-single-digit percentages. Operating margin maintained in the low 20+ percent range. The ability to deliver low-double-digit diluted earnings per share growth when combined with a continuation of the share repurchase program. The Company’s outlook for fiscal year 2027 and multi-year financial framework for fiscal years 2028 through 2030 are forward-looking in nature, reflecting our expectations as of May 21, 2026, and are subject to significant risks and uncertainties that limit our ability to accurately forecast results. These outlooks assume no meaningful changes to the Company’s business prospects or the risks and uncertainties identified by management that could impact future results, which include but are not limited to: changes in macroeconomic and geopolitical conditions, including escalating global conflicts, shifts in consumer confidence and discretionary spending, inflationary pressures, and foreign currency exchange rate fluctuations; changes to global trade policy, including tariffs and trade restrictions; and supply chain disruption. These outlooks do not assume the collection of refunds for tariffs previously paid. Non-GAAP Financial Measures In certain instances the Company presents financial measures that were not prepared in accordance with generally accepted accounting principles in the United States (non-GAAP financial measures), including constant currency and free cash flow. These non-GAAP financial measures provide information that may assist investors in understanding its financial results and assessing its prospects for future performance. The Company believes these non-GAAP financial measures are either important indicators of operating performance because they exclude items that are unrelated to, and may not be indicative of, its core operating results, or are useful supplemental measures of its liquidity. The non-GAAP financial measures presented by the Company may not necessarily be comparable to similarly titled measures of other companies and may not be appropriate measures for comparing the performance of other companies relative to Deckers. For example, to calculate constant currency information, the Company calculates the current period financial information using the foreign currency exchange rates that were in effect during the previous comparable period, excluding the effects of foreign currency exchange rate hedges and remeasurements in the consolidated financial statements. Further, the Company reports DTC comparable net sales on a constant currency basis for DTC operations that were open throughout the current and prior reporting periods, and may adjust prior reporting periods to conform to current year accounting policies. Finally, free cash flow is defined as net cash provided by operating activities for a particular period less capital expenditures made during that same period. The Company believes free cash flow is a useful supplemental measure of liquidity, as it reflects the cash generated from operations after investments required to support the strategic growth of the business. The non-GAAP financial measures utilized by the Company are not intended to represent, and should not be considered to be more meaningful measures than, or alternatives to, measures of operating performance or liquidity determined in accordance with GAAP. To the extent the Company utilizes such non-GAAP financial measures in the future, it expects to calculate them using a consistent method from period-to-period. Conference Call Information The Company’s conference call to review the results for the fourth quarter and full fiscal year 2026 will be broadcast live today, Thursday, May 21, 2026, at 4:30 pm Eastern Time and hosted at ir.deckers.com. You can access the broadcast by clicking "Earnings Webcast" on the page. A replay of the broadcast will be available for at least 30 days following the conference call and can be accessed under the “Financial Results” section of the “Financial Info” tab at the aforementioned website. About Deckers Brands Deckers Brands is a global leader in designing, marketing, and distributing innovative footwear, apparel, and accessories developed for both everyday casual lifestyle use and high-performance activities. The Company’s portfolio of brands includes HOKA®, UGG®, and Teva®. Deckers Brands products are sold in more than 50 countries and territories through select department and specialty stores, Company-owned and operated retail stores, and select online stores, including Company-owned websites. Deckers Brands has over 50 years of history building niche footwear brands into lifestyle market leaders attracting millions of loyal consumers globally. For more information, please visit www.deckers.com. Forward-Looking Statements This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, which statements are subject to considerable risks and uncertainties. Forward-looking statements include all statements other than statements of historical fact contained in this press release, including statements regarding our projected financial results, including net sales, gross margin, SG&A expenses, operating margin, inventories, effective tax rate, and diluted earnings per share; the strength of our brands and demand for our products; our ability to drive future growth and profitability; our ability to achieve our financial outlook, including our multi-year framework; our ability to execute on our long-term strategies, objectives, and opportunities; our ability to differentiate our company in a competitive environment; and our ability to return value to our stockholders, including potential repurchase of shares. We have attempted to identify forward-looking statements by using words such as “anticipate,” “believe,” “estimate,” “intend,” “may,” “plan,” “predict,” “project,” “should,” “will,” or “would,” and similar expressions or the negative of these expressions. Forward-looking statements represent our management’s current expectations and predictions about trends affecting our business and industry and are based on information available as of the time such statements are made. Although we do not make forward-looking statements unless we believe we have a reasonable basis for doing so, we cannot guarantee their accuracy or completeness. Forward-looking statements involve numerous known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements predicted, assumed or implied by the forward-looking statements. Some of the risks and uncertainties that may cause our actual results to materially differ from those expressed or implied by these forward-looking statements are described in the section entitled “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended March 31, 2025, as well as in our Quarterly Reports on Form 10-Q and other filings with the Securities and Exchange Commission. Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. Except as required by applicable law or the listing rules of the New York Stock Exchange, we expressly disclaim any intent or obligation to update any forward-looking statements, or to update the reasons actual results could differ materially from those expressed or implied by these forward-looking statements, whether to conform such statements to actual results or changes in our expectations, or as a result of the availability of new information. DECKERS OUTDOOR CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (dollar and share data amounts in thousands, except per share data) Three Months Ended
March 31, Years Ended
March 31, 2026 2025 2026 2025 Net sales $ 1,119,369 $ 1,021,780 $ 5,472,296 $ 4,985,612 Cost of sales 474,731 442,012 2,314,570 2,099,949 Gross profit 644,638 579,768 3,157,726 2,885,663 Selling, general, and administrative expenses 487,909 405,843 1,894,823 1,706,571 Income from operations 156,729 173,925 1,262,903 1,179,092 Total other income, net (17,292 ) (17,367 ) (63,453 ) (64,207 ) Income before income taxes 174,021 191,292 1,326,356 1,243,299 Income tax expense 38,450 39,881 302,285 277,208 Net income 135,571 151,411 1,024,071 966,091 Total other comprehensive income, net of tax 10,149 5,790 13,735 1,079 Comprehensive income $ 145,720 $ 157,201 $ 1,037,806 $ 967,170 Net income per share Basic $ 0.96 $ 1.00 $ 7.04 $ 6.36 Diluted $ 0.96 $ 1.00 $ 7.02 $ 6.33 Weighted-average common shares outstanding Basic 141,124 151,029 145,498 151,992 Diluted 141,502 151,685 145,805 152,670 DECKERS OUTDOOR CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (dollar amounts in thousands) March 31, 2026 March 31, 2025 ASSETS (AUDITED) Current assets Cash and cash equivalents $ 1,907,249 $ 1,889,188 Trade accounts receivable, net 318,978 332,872 Inventories 487,018 495,226 Other current assets 137,175 143,189 Total current assets 2,850,420 2,860,475 Property and equipment, net 337,782 325,599 Operating lease assets 335,098 237,352 Other noncurrent assets 164,465 146,826 Total assets $ 3,687,765 $ 3,570,252 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities Trade accounts payable $ 384,529 $ 417,955 Operating lease liabilities 83,931 54,453 Other current liabilities 335,614 297,533 Total current liabilities 804,074 769,941 Long-term operating lease liabilities 291,263 222,522 Other long-term liabilities 92,790 64,776 Total long-term liabilities 384,053 287,298 Total stockholders’ equity 2,499,638 2,513,013 Total liabilities and stockholders’ equity $ 3,687,765 $ 3,570,252 View source version on businesswire.com: https://www.businesswire.com/news/home/20260521892098/en/ Investor Contact:
Erinn Kohler | VP, Investor Relations, Corporate Planning & Business Analytics | Deckers Brands | 805.967.7611 Original: Deckers Brands Reports Fourth Quarter and Full Fiscal Year 2026 Financial Results
US Market News
2 months ago
UGG Partners With PinkPantheress Ahead of Her Stateside Coachella DebutApril 9, 2026 1:48 PM
Business Wire
Two Global Icons Share One Thing: Feeling
Southern California-based global lifestyle brand UGG® (a division of Deckers Brands [NYSE: DECK]) taps British singer, songwriter and producer PinkPantheress as the face of its latest social-first campaign. An artist defining a generation’s emotional return, she embodies the space where softness meets confidence and comfort becomes expression, all laced with cheeky British wit.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260409450155/en/PinkPantheress in UGG Tazz II
Both sitting at the intersection of cultural impact, online fandom, and a shared high-fashion sensibility, the two global icons – UGG® and PinkPantheress – share one thing: feeling. With an instinct for softness and introspection, PinkPantheress represents a shift away from performance, and more towards presence. A kind of emotional fluency that feels natural, not declared. The same that PinkPantheress’ music is felt, UGG® is felt, too. At its core, UGG® is about creating the space to feel this, to express it. The feeling of UGG® is that lived-in ease that can move through the world, grounded, self-possessed, and entirely authentic.
Brought to life in a social-first campaign produced by reputable editorial photographer Moni Haworth, and Creative Director Ava Nirui, the singer brings her signature “cool factor” to the fan-favorite Tazz, as well as new trend-driven Spring styles, the Quill Ballet Sneaker and GoldenGlow Embossed. Drawing inspiration from the ability to elevate and define “bedroom pop,” the campaign shows PinkPantheress in a fictional pink bedroom while wearing elevated styling. She leans into current fashion trends – like socks and sandals, this time being knee socks – and even brings her own fashion edge with tights and sandals. Styled with notable brands, the result is an it-girl campaign with lots of pink. A subtle nod to 90s pop culture fashion when print magazines reigned, the content also features questions meant to dive deeper beyond the artist with insights on her recent dreams, childhood goals, and the feeling of falling in love.
These styles are available now at UGG.com, UGG® stores, and select wholesale retailers nationwide.
About UGG®
Founded in 1978 by an Australian surfer on the coast of California, UGG® is a global lifestyle brand renowned for its iconic Classic boot. First worn by Hollywood royalty, fashion editors, and then the world, UGG® designs and retails footwear, apparel, and accessories with an uncompromising attitude toward quality and craftsmanship. Delivering more than $2 billion in annual sales, UGG® partners with the best retailers globally and owns concept and outlet stores worldwide in key markets, including New York, San Francisco, Los Angeles, Paris, London, Tokyo, Shanghai, and Beijing. For more information, please visit ugg.com @ugg.
About Deckers Brands
Deckers Brands is a global leader in designing, marketing and distributing innovative footwear, apparel and accessories developed for both everyday casual lifestyle use and high performance activities. The Company's portfolio of brands includes UGG®, HOKA®, and Teva®. Deckers Brands products are sold in more than 50 countries and territories through select department and specialty stores, Company-owned and operated retail stores, and select online stores, including Company-owned websites. Deckers Brands has over 50-years of history building niche footwear brands into lifestyle market leaders attracting millions of loyal consumers globally. For more information, please visit www.deckers.com.
HIGH-RES CONTENT
(Photography Credit: UGG® / Moni Haworth)
View source version on businesswire.com: https://www.businesswire.com/news/home/20260409450155/en/
Press Contact:
Michael Hickey
Manager, Global Public Relations & Giving, UGG
michael.hickey@deckers.com
Sarajane McQuaid
Associate PR Manager, UGG®
sarajane.mcquaid@deckers.com
Original: UGG Partners With PinkPantheress Ahead of Her Stateside Coachella Debut
US Market News
4 months ago
The G.O.A.T. Returns: HOKA Unveils the New Speedgoat 7February 1, 2026 9:00 AM
Business Wire
An Icon, Reimagined for the Trails Less Taken
HOKA®, a division of Deckers Brands (NYSE: DECK), introduces the Speedgoat 7, the next evolution from one of its most celebrated franchises. A trusted companion across every type of terrain, the Speedgoat 7 is engineered for performance on rocky ascents, slick mud, technical downhills, and everything in between. Bold in design and color, the Speedgoat 7 doesn’t just tackle the trail, it makes a statement on it. Built for runners who push limits, thrive in the elements, and demand versatility without compromise, the Speedgoat 7 proves why it remains the benchmark for performance.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260201862456/en/
Reimagined for confidence across the most challenging surfaces, the Speedgoat 7 brings upgraded traction and cushioning, to deliver the ultimate balance of grip and responsiveness. This latest iteration features a refreshed super-critical foamed EVA midsole for enhanced energy return, paired with a Vibram® Megagrip outsole with Traction Lugs for reliable control. The shoe also debuts an integrated gaiter attachment, designed to keep out debris and provide a smoother, uninterrupted ride.
Meet The New G.O.A.T.
“The G.O.A.T. is back with the introduction of the Speedgoat 7, the newest addition to our cult-favorite franchise,” said Bekah Broe, Senior Director of Performance Footwear at HOKA. “Injected with new technology, we want trail runners to feel confident taking on the toughest terrain. At HOKA, we’re committed to constant innovation, delivering the best trail shoes on the market, fit for any distance or environment. Born on the trail, HOKA will always equip trail runners to reach new heights.”
Run Wilder
To launch the new Speedgoat 7, HOKA unveils the Run Wilder campaign, showcasing the shoe’s unshakeable performance elements. Set within Iceland’s diverse landscape, the campaign follows trail athletes as they put the Speedgoat 7 through a real-world wear test across three different terrains: steep and technical, slick and muddy, and loose and rocky. The Run Wilder campaign certifies the Speedgoat 7 as a reliable go-to for any trail.
HOKA Speedgoat 7 Vert Challenge
Coinciding with the launch, HOKA is inviting trail runners around the world to explore new terrain and push their limits with the HOKA Speedgoat 7 Vert Challenge. Beginning April 9, 2026, participants will aim to achieve 7,000 feet (2,134 meters) of vertical gain in 30 days. Runners can participate in the challenge via Strava or Joyrun in China. Both platforms ensure access to the same challenge and prizes. Runners will have until May 9 to complete the required 7,000 feet of gain.
Participants who complete the challenge will receive a digital completion badge on their respective platform, in addition to being entered to win the grand prize, which includes:
One year of HOKA footwear
Full HOKA Trail Apparel Kit
Entry to a UTMB World Series Race (excluding UTMB Mont Blanc)
Control and Confidence on the Trail
Launched in 2015, the Speedgoat franchise was designed for runners and hikers with a “go everywhere” mindset. The Speedgoat line is synonymous with confidence on technical trails and continues to live up to its name as the greatest of all time in trail running.
Key features of the Speedgoat 7 include:
Lay-flat tongue with dual gusset
Lightweight RPET woven textile upper
Stretchy, patent-pending dynamic vamp
Heel pull tab and reflective details
Integrated gaiter attachment
Super-critical foamed EVA midsole
Vibram® Megagrip outsole with Traction Lug
Updated lug orientation for mixed terrain (5mm lugs)
Technical Details
Women’s 8: Heel Stack 38mm | Forefoot Stack 33mm | Weight 8.3 oz (235g)
Men’s 10: Heel Stack 40mm | Forefoot Stack 35mm | Weight 9.7 oz (275g)
Sizing: W5-11, 12 (B); W 05-11, 12(D) Wide / M7-13, 14, 15 (D); M 7-13,14,15(2E) Wide
The Speedgoat 7 is available today at HOKA.com and at authorized dealers worldwide. MSRP $165. Available in 3 different colorways.
About HOKA®
HOKA® is one of the fastest-growing performance footwear and apparel brands in history. Conceived in the mountains, HOKA footwear delivers an unprecedented combination of enhanced cushioning and support for a uniquely smooth ride. Every day, HOKA pushes the innovation and design of its footwear and apparel by teaming up with a deep roster of world champions, taste makers and everyday athletes. From finish lines to everyday life, HOKA fans love the brand for its bold and unexpected approach, and its belief in the power of humanity to create change for a better world. HOKA empowers a world of athletes to fly over the earth. For more information, visit HOKA.com or follow @HOKA. #FlyHumanFly
About Deckers Brands
Deckers Brands is a global leader in designing, marketing and distributing innovative footwear, apparel and accessories developed for both everyday casual lifestyle use and high performance activities. The Company's portfolio of brands includes UGG®, HOKA®, and Teva®. Deckers Brands products are sold in more than 50 countries and territories through select department and specialty stores, Company-owned and operated retail stores, and select online stores, including Company-owned websites. Deckers Brands has over 50-years of history building niche footwear brands into lifestyle market leaders attracting millions of loyal consumers globally. For more information, please visit www.deckers.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260201862456/en/
HOKA Media Contacts
Madeline Norling-Christensen
HOKA North America Public Relations
madeline.norling-christensen@deckers.com
rygr
hoka@rygr.us
Original: The G.O.A.T. Returns: HOKA Unveils the New Speedgoat 7
US Market News
4 months ago
Deckers Brands Reports Third Quarter Fiscal Year 2026 Financial ResultsJanuary 29, 2026 4:05 PM
Business Wire
Third Quarter FY 2026 Revenue Increased 7% to a Record $1.96 Billion
Third Quarter FY 2026 Diluted EPS Increased 11% to a Record $3.33
FY 2026 HOKA Revenue Guidance Raised to Mid-teens Percent Increase
FY 2026 UGG Revenue Guidance Raised to Mid-single-digits Percent Increase
FY 2026 Diluted EPS Guidance Raised to Range of $6.80-$6.85
FY 2026 Share Repurchase Expected to Exceed $1.0 Billion
Deckers Brands (NYSE: DECK), a global leader in designing, marketing, and distributing innovative footwear, apparel, and accessories, today announced financial results for the third fiscal quarter ended December 31, 2025. The Company also provided an update to its financial outlook for the full fiscal year ending March 31, 2026.
“Deckers produced record revenue and earnings per share in the third quarter, driven by the significant global demand for UGG and HOKA,” said Stefano Caroti, President and Chief Executive Officer. “Our strategic marketplace management fueled balanced growth in DTC and wholesale, inclusive of continued international momentum as well as healthy growth in the U.S. across both channels. UGG and HOKA each delivered high levels of full-price selling, resulting in strong gross margins. We are on track to deliver another incredible year, with profitable growth at two premium and differentiated brands that operate in expanding segments of the global marketplace.”
Third Quarter Fiscal 2026 Financial Review (Compared to the Same Period Last Year)
Net sales increased 7.1% to $1.958 billion compared to $1.827 billion. On a constant currency basis, net sales increased 6.8%.
Brand
HOKA® brand net sales increased 18.5% to $628.9 million compared to $530.9 million.
UGG® brand net sales increased 4.9% to $1.305 billion compared to $1.244 billion.
Other brands net sales decreased 55.5% to $23.2 million compared to $52.1 million.
Channel
Wholesale net sales increased 6.0% to $864.6 million compared to $815.8 million.
DTC net sales increased 8.1% to $1.093 billion compared to $1.011 billion. DTC comparable net sales increased 7.3%.
Geography
Domestic net sales increased 2.7% to $1.201 billion compared to $1.169 billion.
International net sales increased 15.0% to $756.7 million compared to $657.9 million.
Gross margin was 59.8% compared to 60.3%.
SG&A expenses were $557.0 million compared to $535.3 million.
Operating income was $614.4 million compared to $567.3 million.
Diluted earnings per share was $3.33 compared to $3.00.
Net sales in the above results for the respective Other brands, Wholesale channel, and Domestic geography include FY 2026 declines related to the phase-out of Koolaburra brand standalone operations.
Balance Sheet (December 31, 2025 as compared to December 31, 2024)
Cash and cash equivalents were $2.087 billion compared to $2.241 billion.
Inventories, including the impact of incremental tariffs, were $633.5 million compared to $576.7 million.
The Company had no outstanding borrowings.
Capital Allocation
During the third fiscal quarter, the Company repurchased approximately 3.8 million shares of its common stock for a total of $348.5 million at a weighted average price paid per share of $92.36. As of December 31, 2025, the Company had approximately $1.8 billion remaining under its stock repurchase authorization.
Through the first nine months of fiscal year 2026, the Company repurchased approximately 8.0 million shares of its common stock, representing more than 5% of shares outstanding at the beginning of fiscal year 2026, for a total of $813.5 million at a weighted average price paid per share of $101.44. The Company expects full fiscal year 2026 share repurchases in total to exceed $1.0 billion dollars.
Full Fiscal Year 2026 Outlook for the Twelve Month Period Ending March 31, 2026
The Company’s outlook is forward-looking in nature, reflecting our expectations as of January 29, 2026, and is subject to significant risks and uncertainties that limit our ability to accurately forecast results. This outlook assumes no meaningful changes to the Company’s business prospects or risks and uncertainties identified by management that could impact future results, which include but are not limited to: changes in macroeconomic conditions, including consumer confidence, discretionary spending, inflationary pressures, and foreign currency fluctuations; changes to global trade policy, including tariffs and trade restrictions; geopolitical tensions; and supply chain disruption.
Net sales are now expected to be in the range of $5.400 billion to $5.425 billion.
HOKA is now expected to increase by a mid-teens percentage versus last year.
UGG is now expected to increase by a mid-single-digit percentage versus last year.
Gross margin is now expected to be approximately 57%.
SG&A expenses as a percentage of net sales are still expected to be approximately 34.5%.
Operating margin is now expected to be approximately 22.5%.
Effective tax rate is still expected to be approximately 23%.
Diluted earnings per share is now expected to be in the range of $6.80 to $6.85.
The earnings per share guidance now includes the impact from the expected share repurchases in the fourth quarter.
Non-GAAP Financial Measures
In certain instances the Company may present financial measures that were not prepared in accordance with generally accepted accounting principles in the United States (non-GAAP financial measures), including constant currency. These non-GAAP measures provide information that may assist investors in understanding its financial results and assessing its prospects for future performance. The Company believes these non-GAAP financial measures are important indicators of its operating performance because they exclude items that are unrelated to, and may not be indicative of, its core operating results.
The non-GAAP financial measures presented by the Company may not necessarily be comparable to similarly titled measures of other companies and may not be appropriate measures for comparing the performance of other companies relative to Deckers. For example, to calculate constant currency information, the Company calculates the current period financial information using the foreign currency exchange rates that were in effect during the previous comparable period, excluding the effects of foreign currency exchange rate hedges and remeasurements in the condensed consolidated financial statements. Further, the Company reports DTC comparable net sales on a constant currency basis for DTC operations that were open throughout the current and prior reporting periods, and may adjust prior reporting periods to conform to current year accounting policies. These non-GAAP financial measures are not intended to represent, and should not be considered to be more meaningful measures than, or alternatives to, measures of operating performance determined in accordance with GAAP. To the extent the Company utilizes such non-GAAP financial measures in the future, it expects to calculate them using a consistent method from period-to-period.
Conference Call Information
The Company’s conference call to review the results for the third quarter fiscal year 2026 will be broadcast live today, Thursday, January 29, 2026, at 4:30 pm Eastern Time and hosted at ir.deckers.com. You can access the broadcast by clicking on the link within the “Webcast” box at the top of the page. A replay of the broadcast will be available for at least 30 days following the conference call and can be accessed under the “Quarterly Earnings” section of the “Financials” tab at the aforementioned website.
About Deckers Brands
Deckers Brands is a global leader in designing, marketing, and distributing innovative footwear, apparel, and accessories developed for both everyday casual lifestyle use and high-performance activities. The Company’s portfolio of brands includes UGG®, HOKA®, and Teva®. Deckers Brands products are sold in more than 50 countries and territories through select department and specialty stores, Company-owned and operated retail stores, and select online stores, including Company-owned websites. Deckers Brands has over 50 years of history building niche footwear brands into lifestyle market leaders attracting millions of loyal consumers globally. For more information, please visit www.deckers.com.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, which statements are subject to considerable risks and uncertainties. Forward-looking statements include all statements other than statements of historical fact contained in this press release, including statements regarding our projected financial results, including net sales, gross margin, SG&A expenses, operating margin, inventories, effective tax rate, and diluted earnings per share; consumer confidence and discretionary spending, including uncertainties associated with the global trade environment; the strength of our brands and demand for our products; our ability to drive future growth and profitability; our ability to achieve our financial outlook; our ability to execute on our long-term strategies, objectives, and opportunities; our ability to differentiate our company in a competitive environment; and our ability to return value to our stockholders, including potential repurchase of shares. We have attempted to identify forward-looking statements by using words such as “anticipate,” “believe,” “estimate,” “intend,” “may,” “plan,” “predict,” “project,” “should,” “will,” or “would,” and similar expressions or the negative of these expressions.
Forward-looking statements represent our management’s current expectations and predictions about trends affecting our business and industry and are based on information available as of the time such statements are made. Although we do not make forward-looking statements unless we believe we have a reasonable basis for doing so, we cannot guarantee their accuracy or completeness. Forward-looking statements involve numerous known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements predicted, assumed or implied by the forward-looking statements. Some of the risks and uncertainties that may cause our actual results to materially differ from those expressed or implied by these forward-looking statements are described in the section entitled “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended March 31, 2025, as well as in our Quarterly Reports on Form 10-Q and other filings with the Securities and Exchange Commission.
Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. Except as required by applicable law or the listing rules of the New York Stock Exchange, we expressly disclaim any intent or obligation to update any forward-looking statements, or to update the reasons actual results could differ materially from those expressed or implied by these forward-looking statements, whether to conform such statements to actual results or changes in our expectations, or as a result of the availability of new information.
DECKERS OUTDOOR CORPORATION AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED)
(dollar and share data amounts in thousands, except per share data)
Three Months Ended December 31,
Nine Months Ended December 31,
2025
2024
2025
2024
Net sales
$
1,957,549
$
1,827,165
$
4,352,927
$
3,963,832
Cost of sales
786,189
724,542
1,839,839
1,657,937
Gross profit
1,171,360
1,102,623
2,513,088
2,305,895
Selling, general, and administrative expenses
556,994
535,349
1,406,914
1,300,728
Income from operations
614,366
567,274
1,106,174
1,005,167
Total other income, net
(12,547
)
(16,668
)
(46,161
)
(46,840
)
Income before income taxes
626,913
583,942
1,152,335
1,052,007
Income tax expense
145,768
127,208
263,835
237,327
Net income
481,145
456,734
888,500
814,680
Total other comprehensive income (loss), net of tax
3,043
(11,686
)
3,586
(4,711
)
Comprehensive income
$
484,188
$
445,048
$
892,086
$
809,969
Net income per share
Basic
$
3.34
$
3.01
$
6.05
$
5.35
Diluted
$
3.33
$
3.00
$
6.04
$
5.33
Weighted-average common shares outstanding
Basic
144,076
151,820
146,929
152,307
Diluted
144,289
152,386
147,202
152,924
DECKERS OUTDOOR CORPORATION AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)
(dollar amounts in thousands)
December 31, 2025
March 31, 2025
ASSETS
(AUDITED)
Current assets
Cash and cash equivalents
$
2,086,746
$
1,889,188
Trade accounts receivable, net
344,325
332,872
Inventories
633,485
495,226
Other current assets
217,834
143,189
Total current assets
3,282,390
2,860,475
Property and equipment, net
333,572
325,599
Operating lease assets
300,902
237,352
Other noncurrent assets
185,286
146,826
Total assets
$
4,102,150
$
3,570,252
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities
Trade accounts payable
$
598,497
$
417,955
Operating lease liabilities
76,771
54,453
Other current liabilities
474,175
297,533
Total current liabilities
1,149,443
769,941
Long-term operating lease liabilities
266,111
222,522
Other long-term liabilities
77,142
64,776
Total long-term liabilities
343,253
287,298
Total stockholders’ equity
2,609,454
2,513,013
Total liabilities and stockholders’ equity
$
4,102,150
$
3,570,252
View source version on businesswire.com: https://www.businesswire.com/news/home/20260129217686/en/
Investor Contact:
Erinn Kohler | VP, Investor Relations, Corporate Planning & Business Analytics | Deckers Brands | 805.967.7611
Original: Deckers Brands Reports Third Quarter Fiscal Year 2026 Financial Results
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