📈 Price History

Ratio Health

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— Good

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By Category

📊 Sector Averages

About

Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities in the United States and internationally.

Key Ratios Snapshot

📈 Growth Pattern

⚡ Latest Quarter —

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📊 Quick Scorecard

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⭐ Superinvestors Holding DECK

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Manager	Shares	Value	% of Fund	Period
Jim Simons Renaissance Technologies LLC	115.8K	$11.6M	0.02%	Mar 2026
Steve Cohen Point72 Asset Management	42.8K	$4.3M	0.01%	Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

🔍 Concall Decoded

🎙 Management Tone Tracker Confident Specific → Stable 4 quarters analysed

Q1 2026

Confident Specific

Management used language like 'solid start', 'outperformed expectations', 'great first-quarter result', and 'remarkable growth' while providing specific dollar figures and percentage increases, indicating strong conviction.

Q2 2026

Mixed

The tone balances strong confidence in brand performance ('outstanding', 'ahead of expectations', 'I could not be more pleased') with explicit caution on the U.S. consumer ('consumer sentiment is still under pressure', 'anticipating a more cautious consumer', 'more challenging macroeconomic environment'). Management repeatedly emphasizes long-term sustainable growth over short-term chasing, which tempers the confident delivery.

Q3 2026

Confident Specific

Management used unequivocally positive language such as 'outstanding', 'exceptional', 'record quarterly revenue', and 'exceeded expectations'. Specific figures were provided (e.g., 7% revenue growth, 18% HOKA growth, EPS $3.33). They repeatedly cited disciplined marketplace management and strong full-price selling as key drivers, and raised full-year guidance.

Q4 2026 latest

Confident Specific

Management repeatedly used 'exceptional results', 'strong momentum', 'deep conviction', 'record year', and provided specific growth rates, margin targets, and a multi-year framework. They offered detailed brand performances and clear guidance figures.

Guidance Reliability Pending · <3Q data

Investor Lens

The investment thesis is stronger after this call. Deckers delivered another record year with strong full-price sell-through and top-tier margins, and provided a credible multi-year growth framework that de-risks the long-term outlook. Key changes: explicit commitment to HOKA low double-digit and UGG mid-single-digit growth through FY2030, increased share repurchase authorization, and planned operating expense leverage from FY2028. Watch next quarter for HOKA DTC acceleration (especially post-Clifton launch), tangible progress on international expansion, and how tariff refunds or pricing actions affect margins. The disciplined pull-model and inventory management remain intact, but investors should monitor freight and input cost inflation as near-term headwinds.

AI-generated concall tone analysis · Updated 2026-06-08 · Not investment advice

🎙 Management Tone Confident Specific → Stable 4 quarters Full tone analysis in Intelligence →

📊 MIXED Deckers FY2026 revenue $5.47B (+10%), operating margin 23.1%, EPS $7.02

Revenue & Profitability

For fiscal 2026, Deckers reported record revenue of $5.47 billion, operating margin of 23.1%, and diluted earnings per share of $7.02 (up 11% year-over-year). Fourth-quarter revenue was $1.12 billion, up 10% versus the prior year. Full-year gross margin was 57.7%, down 20 basis points due to an 80-basis-point tariff headwind that was partially offset by 60 basis points of underlying expansion from favorable product mix and lower freight costs.

Outlook

Management expressed confidence in sustained consumer demand for premium brands, noting that consumers continue to show up for innovative, full-price products. For fiscal 2027, Deckers expects high single-digit revenue growth, with HOKA up low double digits and UGG up mid-single digits. The outlook assumes the current 10% tariff rate remains in effect and incorporates headwinds from higher freight costs and input cost inflation.

Growth Drivers

Key growth levers include international expansion (HOKA brand awareness reached ~40% internationally, up from ~30%), DTC channel growth, and the scaling of franchise families (six HOKA franchises with over $100 million in annual revenue, three more nearing that milestone). New products such as the HOKA Clifton Pro, the UGG Otzo clog, and sneakers like the Lowmel are driving incremental sales. Men's accounted for over 20% of UGG's global growth in fiscal 2026.

Balance Sheet & CapEx

Fiscal 2027 capital expenditures are expected to be between $145 million and $155 million, up from the prior year. Investments will focus on bolstering technology infrastructure, adding selective global HOKA stores (20-25 openings per annum), and refreshing some UGG stores. The company also plans to invest in advanced technology, including the responsible use of AI to support productivity and consumer acquisition.

Margins

Full-year fiscal 2026 gross margin was 57.7% (down 20 bps). For fiscal 2027, gross margin is expected to be approximately 56.5%, pressured by higher freight costs from Middle East shipping disruptions, input cost inflation from material upgrades, and the wraparound impact of tariffs. SG&A is expected to be about 35% of revenue as the company increases marketing and technology investments. Operating margin is forecast at ~21.5%, with leverage expected in fiscal 2028 and beyond.

Key Risks

Management highlighted tariff headwinds, noting that $120 million in IEEPA tariffs have been paid and guidance does not assume any refund. The ongoing Middle East conflict is causing higher freight costs and shipping disruptions. Other risks include foreign currency exchange rate fluctuations, changes to global trade policy, and potential shifts in consumer purchasing patterns to event-driven buying.

Generated by AI · Q4 2026 results · Not investment advice

✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter

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📞 Earnings Call Transcripts (5)

Q1 2027 Q1 2027 2026-07-23

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.

Q4 2026 Q4 2026 2026-05-21

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.

Q3 2026 Q3 2026 2026-01-29

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.

Q2 2026 Q2 2026 2025-10-23

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.

Q1 2026 Q1 2026 2025-07-24

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.

📊 Analysis Methodology

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