Deckers Beats on Q2 EPS, Raises FY27 Guidance to $7.80-$7.95
DECK is trading near its 52-week low of $77.2 (3.3% above the low) on elevated volume (2.3× avg).
Summary
Deckers posted Q2 EPS of $2.31 (including a $0.28 tariff-refund benefit) and raised FY27 EPS guidance to $7.80-$7.95, while DTC comparable sales fell 6.4%. The company repurchased $299.3 million of stock in the quarter.
Key Events · Earnings and Guidance · DECK
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Q2 EPS $2.31, Sales $1.48B
Diluted EPS rose 27% to $2.31 from $1.82 on net sales of $1.481 billion, up 3.5%; HOKA grew 6.8% to $677.2 million and UGG 3.5% to $786.4 million.
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Tariff Refunds Inflate the Beat
$46.0 million of IEEPA tariff net refunds plus $3.0 million interest added roughly 310 bps to margins and about $0.28 to Q2 EPS — a non-recurring boost.
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FY27 EPS Guidance Raised
Full-year diluted EPS now $7.80-$7.95 (including ~$0.52 of tariff refunds) on net sales of $5.700-$5.725 billion, gross margin ~58.5% and operating margin ~23%.
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DTC Comps Down 6.4%
Direct-to-consumer net sales fell 1.8% to $387.5 million with comparable sales down 6.4%, and domestic sales slipped 0.4% — the demand softness behind the stock's 52-week-low level.
Analysis · DECK · Manufacturing
Deckers delivered Q2 EPS of $2.31 versus $1.82 a year ago, but $0.28 of that came from one-time IEEPA tariff refunds — strip that out and the underlying beat is thinner than the headline. The more important item is the raised full-year EPS range of $7.80-$7.95, which also leans on roughly $0.52 of tariff refunds already banked through October 8. Against a stock trading near its 52-week low, the market is clearly worried about growth: DTC comparable sales fell 6.4% and domestic sales slipped 0.4%, even as international grew 9.0%. Management is buying back stock aggressively — $299.3 million in the quarter at an average of $93.65, well above today's $79.75 — with $4.4 billion still authorized, which supports the share count but does not fix the demand softness.
How filings like this one have moved
In the 30 days to Oct 23, 2026, 29.6% of the 1590 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.25%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, DECK was trading at $79.75 on NYSE in the Manufacturing sector, with a market capitalization of approximately $11.6B. The 52-week trading range was $77.20 to $122.29. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.