Deckers Outdoor Corporation Surpasses Expectations with Strong Q1 Results
Deckers Outdoor Corporation, the parent company of popular brands Hoka and UGG, has announced a significant increase in profit for the first quarter of fiscal 2026. The company’s net income rose to a substantial $139.2 million, or $0.93 per share, a notable improvement from the $115.6 million, or $0.75 per share, reported in the same quarter last year.
This impressive growth can be attributed to the strong demand for Deckers’ brands, particularly in international markets such as Europe and China. The company’s net sales also saw a significant jump, increasing to $964.5 million, a 16.9% rise from the previous year. This remarkable performance has sent Deckers’ shares soaring, with a 9% increase in extended trading following the announcement.
The company has provided guidance for the second quarter, forecasting revenue of $1.38 billion to $1.42 billion and earnings per share of $1.50 to $1.55. While some analysts have expressed concerns about Deckers’ risk-reward profile, the company’s recent performance suggests healthy brand momentum and a strong market position.
- Key highlights of Deckers’ Q1 results:
- Net income: $139.2 million, or $0.93 per share
- Net sales: $964.5 million, a 16.9% increase from the previous year
- International markets, such as Europe and China, drive demand for Hoka and UGG brands
- Shares rise 9% in extended trading following the announcement
- Guidance for Q2: revenue of $1.38 billion to $1.42 billion and earnings per share of $1.50 to $1.55