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Sep 30, 2025
Deckers Q2 2026 Earnings Report
Deckers posted strong Q2 results driven by double-digit growth in HOKA and UGG brands.
Key Takeaways
Deckers Brands delivered a solid Q2 FY26 performance with 9% revenue growth and higher earnings, fueled by international sales momentum and strength in its core footwear brands.
Revenue increased to $1.43 billion, up from $1.31 billion in the prior year.
EPS rose to $1.82 from $1.59 in Q2 FY25.
Net income reached $268.2 million, reflecting strong brand performance.
International revenue grew 29.3% year-over-year, offsetting a domestic decline.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Deckers expects FY26 net sales of approximately $5.35 billion, driven by strength in HOKA and steady growth in UGG.
Positive Outlook
- HOKA expected to grow by a low-teens percentage YoY.
- UGG expected to grow by a low-to-mid-single-digit percentage YoY.
- Gross margin projected at approximately 56%.
- Operating margin projected at approximately 21.5%.
- EPS forecasted in the range of $6.30 to $6.39.
Challenges Ahead
- DTC net sales declined 0.8% in Q2.
- DTC comparable sales down 2.9%.
- Domestic revenue declined 1.7% YoY.
- Other brands segment declined 26.5% due to Koolaburra phase-out.
- SG&A expenses rose significantly YoY, impacting margin.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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