Deckers Brands Posts Record Quarterly Revenue, Raises Full-Year Profit Outlook

Deckers Brands reported record second-quarter revenue of $1.48 billion and raised its full-year earnings guidance, the company said in a press release announcing the results.

Net sales for the quarter ended September 30, 2026 rose 3.5% to $1.481 billion from $1.431 billion a year earlier. HOKA brand net sales increased 6.8% to $677.2 million, while UGG brand net sales grew 3.5% to $786.4 million. Other brands net sales fell 54.3% to $17.0 million, reflecting the phase-out of Koolaburra brand standalone operations.

Diluted earnings per share increased 27% to $2.31, compared with $1.82 in the prior-year quarter. The results included a $0.28 per-share benefit tied to $46.0 million in IEEPA tariff net refunds and $3.0 million in associated interest received during the quarter. Gross margin rose to 60.5% from 56.2%, and operating income increased to $389.5 million from $326.5 million.

By channel, wholesale net sales increased 5.5% to $1.093 billion, while direct-to-consumer net sales decreased 1.8% to $387.5 million, with DTC comparable sales down 6.4%. International net sales climbed 9.0% to $644.7 million, while domestic net sales slipped 0.4% to $835.8 million.

The company repurchased approximately 3.2 million shares for $299.3 million during the quarter, bringing fiscal-year-to-date repurchases to $637.5 million. As of September 30, 2026, Deckers had no outstanding borrowings, cash and cash equivalents of $1.210 billion, and approximately $4.4 billion remaining under its stock repurchase authorization.

For the full fiscal year ending March 31, 2027, Deckers now expects net consolidated sales of $5.700 billion to $5.725 billion, with HOKA sales projected to rise by a high-single-digit percentage and UGG by a low-single-digit percentage. Diluted earnings per share guidance was raised to a range of $7.80 to $7.95, including an approximate $0.52 benefit from IEEPA tariff net refunds totaling $87.9 million received through October 8, 2026. Gross margin is expected to be approximately 58.5% and operating margin approximately 23%.

Finazon · prior-day close, indicative (IEX-derived, not the official close) · Oct 21, 2026