DECKERS BRANDS' Diluted EPS Soars 24% in Q1 2026

Deckers Brands (NYSE: DECK) reported strong financial results for the first fiscal quarter ended June 30, 2025. The company's net sales surged to $964.5 million, marking a 16.9% increase compared to $825.3 million in the same period last year. Diluted earnings per share (EPS) for the quarter rose to $0.93, a 24% increase from $0.75 in the prior year period. This performance exceeded analyst revenue estimates of $900.39 million and analyst EPS estimates of $0.68.

Brand Performance

The company's key brands, HOKA and UGG, significantly outperformed expectations. HOKA® brand net sales increased by 19.8% to $653.1 million, up from $545.2 million. UGG® brand net sales also saw robust growth, rising 18.9% to $265.1 million compared to $223.0 million in the prior year. Other brands experienced a decrease in net sales, falling 19.0% to $46.3 million from $57.2 million.

Channel and Geographic Sales Dynamics

Wholesale net sales demonstrated strong growth, increasing 26.7% to $652.4 million compared to $514.8 million in the previous year. Direct-to-Consumer (DTC) net sales, however, saw a modest increase of 0.5% to $312.2 million, with DTC comparable net sales decreasing by 2.2%. Geographically, international net sales were a major highlight, increasing 49.7% to $463.3 million, while domestic net sales decreased 2.8% to $501.3 million.

Management Outlook and Strategy

Stefano Caroti, President and Chief Executive Officer, noted that HOKA and UGG exceeded first-quarter expectations, delivering solid results to start fiscal year 2026. Despite elevated uncertainty in the global trade environment, the company maintains confidence in its brands and sees significant long-term opportunities. Deckers Brands plans to leverage the fundamental strengths of its operating model to continue executing its strategy. For the second fiscal quarter ending September 30, 2025, the company expects net sales to be in the range of $1.38 billion to $1.42 billion, with diluted earnings per share projected between $1.50 and $1.55.