Deckers Outdoor Corp

Latest Results (30.08.2026):

Deckers Outdoor Corp — Fourth quarter fiscal 2026: Deckers reported record results for FY2026 with fourth‑quarter net sales of $1.119 billion (up 9.6% year-over-year) and full‑year net sales of $5.472 billion (up 9.8%). Full‑year diluted EPS was a record $7.02 (up 11%).

Headline results

Q4 FY2026 net sales $1.119B (+9.6% YoY); Q4 diluted EPS $0.96 (vs $1.00). Full FY2026 net sales $5.472B (+9.8%); full FY diluted EPS $7.02 (vs $6.33).

Brand performance

HOKA drove growth: Q4 HOKA sales $671.2M (+14.5%); FY HOKA $2.587B (+15.9%). UGG also expanded: Q4 UGG $408.6M (+9.2%); FY UGG $2.739B (+8.2%). “Other” brands declined ~34% due to Koolaburra phase‑out and the Sanuk sale.

Channels & geography

DTC grew strongly (Q4 DTC $464.4M, +13.2%; DTC comp +8.2%; FY DTC $2.264B, +6.3%; comp +4.6%). Wholesale also rose (Q4 wholesale $654.9M, +7.1%). International sales surged (Q4 +25.5%; FY +26.8), while domestic was roughly flat.

Margins & profitability

Gross margin Q4 57.6% (vs 56.7% prior year); FY gross margin 57.7% (slightly below 57.9% prior year). Q4 operating income declined to $156.7M (from $173.9M), but FY operating income increased to $1.263B.

Capital allocation & buybacks

Deckers repurchased ~2.5M shares in Q4 for $261.6M and ~10.5M shares in FY2026 for $1.075B. Remaining repurchase authorization was ~$1.5B at March 31, 2026; the Board approved an additional $3.5B, lifting total authorization to ~ $5B.

Balance sheet & cash flow

Cash and equivalents $1.907B; inventories $487.0M; no outstanding borrowings. Management said they generated over $1B of free cash flow in FY2026.

Outlook & multi‑year framework

FY2027 guidance: net sales $5.86–5.91B, diluted EPS $7.30–7.45, gross margin ~56.5%, operating margin ~21.5%, and SG&A ~35% of sales. Multi‑year (FY2028–2030) targets: high‑single‑digit annual sales growth, low‑double‑digit HOKA growth, mid‑single‑digit UGG growth, low‑20s% operating margin, and low‑double‑digit EPS growth with ongoing buybacks.