Deckers Outdoor Earnings Call Transcripts
Fiscal Year 2027
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Record Q1 revenue and EPS exceeded expectations, driven by strong DTC growth and robust demand for HOKA and UGG. Gross margin improved to 56.4%, and FY27 guidance was raised, with HOKA and UGG expected to accelerate in the second half.
Fiscal Year 2026
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Record FY 2026 results driven by HOKA and UGG, with revenue up 10% and EPS up 11%. FY 2027 guidance calls for high single-digit revenue growth, continued margin strength, and major investments in innovation, DTC, and global expansion.
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Record Q3 revenue and EPS were driven by strong global demand for HOKA and UGG, with both brands achieving balanced growth across DTC and wholesale channels. Raised FY26 guidance reflects robust momentum, effective inventory management, and continued share repurchases.
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Second-quarter revenue grew 9% and EPS rose 14% year-over-year, with HOKA and UGG both delivering double-digit growth, led by international and wholesale channels. FY26 guidance projects $5.35B revenue, 56% gross margin, and EPS of $6.30–$6.39, with tariff headwinds partially offset by mitigation.
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Q1 FY26 saw 17% revenue growth and 24% EPS growth, led by HOKA and UGG outperformance, especially in international markets. Gross margin declined due to tariffs and promotions, but strong cash flow and share repurchases support ongoing investment.
Fiscal Year 2025
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Record FY25 results with 16% revenue growth, 230 bps gross margin expansion, and 30% EPS increase. HOKA and UGG delivered strong international and wholesale gains. FY26 faces tariff headwinds and macro uncertainty, with no formal guidance but continued investment and a $2.5B share repurchase authorization.
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Record Q3 with 17% revenue growth, gross margin at 60.3%, and EPS up 19%. Full-year guidance raised to 15% revenue growth and $5.75–$5.80 EPS, driven by strong UGG and HOKA performance, with international and DTC channels outpacing U.S. growth.
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Second quarter revenue rose 20% year-over-year to $1.3 billion, with gross margin at 55.9% and EPS up 39%. HOKA and UGG drove strong global growth, especially internationally, prompting raised FY25 guidance for revenue, margins, and EPS.
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Revenue rose 22% to $825M, led by HOKA's 30% growth and UGG's 14% gain, with gross margin up to 56.9% and EPS up 87%. Fiscal 2025 guidance was raised for revenue, margin, and EPS, while the company continues to invest in brand growth and international expansion.