Deckers Outdoor Reports Strong Earnings with HOKA Growth
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 22 2026
0mins
Source: Yahoo Finance
- Record Revenue: Deckers Outdoor Corp reported total revenue of $5.47 billion for fiscal year 2026, marking a 10% increase from the previous year, indicating strong market performance and sustained growth potential.
- Brand Performance: The HOKA brand achieved global revenue of $2.59 billion, a 16% increase, while UGG brand revenue rose by 8% to $2.74 billion, reflecting enhanced product diversification and consumer engagement.
- Strong Profitability: Despite a 20 basis point decline in gross margin to 57.7% due to tariffs, the company maintained an operating margin of 23.1%, demonstrating effective cost control and investment discipline.
- Share Repurchase Program: Deckers repurchased $1.075 billion worth of shares in fiscal year 2026, driving earnings per share to $7.02, an 11% increase, further enhancing shareholder value and market confidence.
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Analyst Views on DECK
Wall Street analysts forecast DECK stock price to rise
20 Analyst Rating
8 Buy
9 Hold
3 Sell
Hold
Current: 114.310
Low
90.00
Averages
124.00
High
161.00
Current: 114.310
Low
90.00
Averages
124.00
High
161.00
About DECK
Deckers Outdoor Corporation designs, markets, and distributes footwear, apparel, and accessories developed for both everyday casual lifestyle use and high-performance activities. Its segments include UGG brand, HOKA brand and Other brands. The UGG brand segment provides premium footwear, apparel and accessories. The HOKA brand segment’s products include running, trail, hiking, fitness, and lifestyle footwear offerings, as well as select apparel and accessories. Its Other brands segment consists of Teva brand, AHNU brand, and Koolaburra brand. Its Teva brand includes a variety of footwear options, from classic sandals and shoes to boots. The Koolaburra brand is a casual footwear fashion line that uses plush materials. Its AHNU brand’s footwear products fuse high-performance technology for everyday wear. Its portfolio of brands includes UGG, HOKA, Teva, and AHNU. It sells its products through domestic and international retailers and international distributors in its wholesale channel.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Deckers Outdoor's Growth Outlook: Deckers Outdoor posted better-than-expected results for its fiscal Q1, with a free cash flow yield of 6.7%, and analysts have rated the stock as a buy, anticipating that its portfolio of category-defining brands will drive future growth, with shares gaining nearly 10% this year.
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- Video Content Value: Released on May 26, 2026, the video aims to provide viewers with the latest updates and market analysis regarding Deckers Outdoor, assisting investors in seizing potential investment opportunities.
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- Solid Sales Growth: Deckers Outdoor reported $1.11 billion in sales for Q4 2026, marking a 9.6% year-over-year increase, and despite a 4% drop in EPS to $0.96, it surpassed analyst expectations, indicating resilience in the market.
- Divergent Brand Performance: Hoka's sales surged 14.5% to $671.2 million, while Ugg sales rose 9.2% to $408.6 million, although other brands saw a 35.6% decline to $39.5 million, highlighting the effectiveness of Hoka's international expansion strategy.
- Optimistic Future Outlook: Deckers projects full-year sales to grow to between $5.86 billion and $5.91 billion for FY 2027, with Hoka expected to achieve low double-digit growth, even as gross margin slightly declines to 56.5% due to rising material and freight costs.
- Increased Valuation Appeal: Despite Hoka's growth slowdown, Deckers' P/E ratio has decreased from over 20 to 14, reflecting its attractiveness as a growth-at-a-reasonable-price stock, making it a suitable investment at current price levels.
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- Sales Growth Overview: In the fourth quarter of fiscal 2026, Deckers reported a 9.6% year-over-year sales increase to $1.11 billion, while earnings per share (EPS) fell 4% to $0.96, surpassing analysts' expectations of $0.83, indicating resilience in the market.
- International Market Expansion: International sales surged by 25.5% to $469.5 million, and direct-to-consumer revenue rose 13.2% to $464.4 million, demonstrating the effectiveness of the company's global expansion strategy, particularly in Europe and China.
- Brand Performance Disparity: Hoka's sales jumped 14.5% to $671.2 million, while Ugg's sales increased by 9.2% to $408.6 million, despite a 35.6% decline in other brands, with Ugg remaining the primary revenue source for Deckers, especially during the holiday season.
- Future Outlook: Deckers projects fiscal 2027 sales growth in the high single digits, reaching between $5.86 billion and $5.91 billion, with Hoka sales expected to rise in the low double digits, although gross margin is anticipated to decline to 56.5% due to rising material and freight costs.
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