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Sep 30
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.
Deckers
Deckers
Deckers Revenue by Segment
Deckers Revenue by Geographic Location
Revenue by Segment
HOKA Revenue
CapyFin.comUGG Revenue
CapyFin.comOther Brands Revenue
CapyFin.comRevenue by Geographic Location
Domestic Revenue
CapyFin.comInternational Revenue
CapyFin.com 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