Deckers Brands reports strong first-quarter gains led by key brands, with global growth outlook on track.
Deckers Brands reported that first-quarter FY 2026 net sales rose 16.9 percent to $964.5 million, or 16.3 percent on a constant-currency basis. International revenue jumped 49.7 percent to $463.3 million, offsetting a 2.8 percent decline in US sales of $501.3 million. Hoka led the portfolio with net sales up 19.8 percent to $653.1 million, while Ugg grew 18.9 percent to $265.1 million. Other brands – including Teva and Ahnu – fell 19 percent to $46.3 million. Wholesale channels surged 26.7 percent to $652.4 million. Direct‑to‑consumer (DTC) revenue edged up 0.5 percent to $312.2 million, though comparable DTC sales declined 2.2 percent.
Gross margin narrowed to 55.8 percent from 56.9 percent year-over-year. Operating income reached $165.3 million, with diluted earnings per share up 24 percent to $0.93. Looking ahead, Deckers forecasts Q2 net sales between $1.38 billion and $1.42 billion, with EPS of $1.50–$1.55; management did not provide full-year guidance due to ongoing trade uncertainties.
Deckers’ strategy is anchored in the success of Hoka und Ugg
“Hoka and Ugg outperformed our first quarter expectations, with robust growth delivering solid results to begin fiscal year 2026,” said CEO Stefano Caroti. “Though uncertainty remains elevated in the global trade environment, our confidence in our brands has not changed”.
While Teva’s sales declined within the “Other brands” group, the overall company strategy remains firmly anchored in the success of Hoka and Ugg. Sanuk’s contribution is minimal in this earnings cycle and has largely been divested in prior periods.
Patrick J. Grismer joins Deckers board
Deckers also nominated Patrick J. Grismer – a former CFO of Starbucks and Hyatt – to its Board, as longtime Director Dave Powers prepares to retire.
