Deckers Outdoor Corporation Earnings Recaps
Q4 2026
May 22, 2026
Deckers shares rose 4.5% following fiscal Q4 results that showcased sustained momentum from its key growth drivers, particularly HOKA's largest quarter ever and strong full-year revenue expansion. The market responded favorably to robust top-line growth and margin strength despite macro and tariff pressures.
Key takeaways
- Full-year revenue increased 10% to nearly $5.5 billion, driven by 16% growth at HOKA and 8% at UGG.
- HOKA delivered its largest quarter ever with strong global DTC and wholesale growth, broadening its consumer base with innovative product launches.
- Gross margins expanded despite tariff headwinds, supported by high full-price sell-through rates.
- Operating margins remained best-in-class above 23%, reflecting disciplined cost management and investment focus.
- Earnings per share rose 11% to a record $7.02, underscoring profitability alongside revenue gains.
Q3 2026
Jan 30, 2026
Deckers Brands reported a robust Q3 FY2026, achieving a 7% revenue increase to $1.96 billion, driven by exceptional global demand for HOKA and UGG, while maintaining strong margins and raising its fiscal year outlook.
Key takeaways
- HOKA revenue surged 18%, while UGG grew 5%, reflecting balanced growth across direct-to-consumer (DTC) and wholesale channels.
- Strong international performance led to a 15% revenue increase in non-U.S. markets and 5% growth in the U.S., aided by effective marketplace management.
- Diluted EPS rose 11% to a record $3.33, supporting a positive outlook for continued revenue and earnings growth.