Deckers Outdoor Reports Record Q3 Results, Raises FY26 Guidance & Boosts Share Repurchase Plan
Summary
Deckers Outdoor reported record Q3 FY2026 financial results, driven by strong UGG and HOKA brand performance, and raised its full fiscal year 2026 outlook for revenue and EPS, alongside a substantial share repurchase plan.
Key Events
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Record Q3 Financial Performance
Net sales increased 7.1% to $1.958 billion, and diluted EPS rose 11% to $3.33, both representing record highs for the third fiscal quarter ended December 31, 2025.
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Strong Brand Growth
HOKA brand net sales surged 18.5% to $628.9 million, while UGG brand net sales increased 4.9% to $1.305 billion, reflecting significant global demand.
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Raised Full-Year FY26 Guidance
The company updated its financial outlook for the fiscal year ending March 31, 2026, raising net sales expectations to a range of $5.400 billion to $5.425 billion and diluted EPS guidance to $6.80 to $6.85.
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Increased Share Repurchase Program
Deckers expects total share repurchases for fiscal year 2026 to exceed $1.0 billion, having already repurchased $813.5 million through the first nine months.
Analysis
Deckers Outdoor Corporation delivered strong third-quarter fiscal year 2026 results, achieving record revenue and diluted earnings per share, driven by robust demand for its UGG and HOKA brands. The company subsequently raised its full fiscal year 2026 guidance for both net sales and diluted EPS, signaling continued positive momentum. Additionally, the expectation to exceed $1.0 billion in share repurchases for the fiscal year demonstrates a significant commitment to returning capital to shareholders, reinforcing investor confidence.
At the time of this filing, DECK was trading at $111.83 on NYSE in the Manufacturing sector, with a market capitalization of approximately $14.6B. The 52-week trading range was $78.91 to $223.98. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.