Deckers Outdoor Reports Q2 Fiscal 2026 Earnings, Beats Estimates, Sets Guidance

DECK
October 24, 2025

Deckers Outdoor Corp. (NYSE: DECK) reported fiscal second‑quarter 2026 results on October 24, 2025, posting revenue of $1.43 billion, up 9.1% year‑over‑year, and earnings per share of $1.82 versus the consensus estimate of $1.57. Operating income rose to $326.5 million, giving an operating margin of 22.8%, while net income reached $268.2 million. The company’s gross profit climbed to $803.8 million, reflecting a 57.9% gross margin for the quarter.

Brand‑level performance was led by HOKA and UGG, which generated $634.1 million (+11.1% YoY) and $759.6 million (+10.1% YoY) respectively. Other brands saw a 26.5% decline to $57.2 million. International sales increased 29.3% to $591.3 million, offsetting a modest 1.7% decline in domestic sales.

Management guidance for the full fiscal year 2026 projects revenue of $5.35 billion, EPS of $6.30 to $6.39, a gross margin of approximately 56%, and an operating margin near 21.5%. Deckers also announced a share‑repurchase program, buying back 2.6 million shares for $282 million, leaving $2.2 billion in remaining authorization.

CEO Stefano Caroti highlighted that HOKA and UGG delivered double‑digit growth, reaffirming confidence in the FY26 outlook while noting that tariffs and price increases could temper consumer demand. The company emphasized its disciplined operating model and continued focus on international expansion and direct‑to‑consumer channels.

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