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Get filing alertsDeckers reports Q1 revenue up 5.7% to $1.02B, raises full-year EPS guidance to $7.35-$7.50
Filed July 23, 2026 · Period ending July 23, 2026 · ~1 min read
Key Changes
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high
Q1 revenue reached $1.020 billion (up 5.7% YoY), marking the first time the company surpassed $1 billion in quarterly revenue. Diluted EPS was $0.94 vs. $0.93 prior year. HOKA grew 7.7% to $703.5M; UGG grew 4.9% to $278.0M.
Exhibit 99.1 view on EDGAR → -
high
Full-year diluted EPS guidance raised by $0.05 to $7.35-$7.50. Revenue guidance unchanged at $5.86B-$5.91B, with HOKA expected to grow low-double-digits and UGG mid-single-digits.
Exhibit 99.1 view on EDGAR → -
high
Repurchased $338.2M of stock in Q1 (3.3M shares at avg. $103.79). $4.7B remains under buyback authorization; company expects to repurchase shares worth ~80% of projected FY2027 free cash flow.
Exhibit 99.1 view on EDGAR → -
medium
Gross margin improved 60 bps to 56.4% from 55.8% prior year. Full-year gross margin now expected slightly better than 56.5%, an improvement from prior guidance.
Exhibit 99.1 view on EDGAR → -
medium
Cash and equivalents at $1.603B (down from $1.720B YoY); inventories at $807.6M (down from $849.4M). No outstanding borrowings.
Exhibit 99.1 view on EDGAR →
Summary
Deckers Brands reported first-quarter fiscal 2027 results that exceeded the $1 billion quarterly revenue threshold for the first time, driven by 7.7% growth in HOKA and 4.9% growth in UGG. The company raised its full-year EPS guidance by five cents to $7.35-$7.50 while maintaining revenue guidance, reflecting improved gross margin expectations (now slightly above 56.5% vs. prior outlook). Management's confidence is further evidenced by aggressive capital return: the company repurchased $338 million of stock in the quarter and plans to deploy approximately 80% of projected free cash flow to buybacks, with $4.7 billion remaining under authorization.
For retail holders, the combination of sustained brand momentum (HOKA's low-double-digit growth outlook, UGG's mid-single-digit trajectory), margin expansion, and substantial shareholder returns signals operational strength and management conviction. The raised EPS guidance on unchanged revenue implies better profitability, while the inventory decline (down to $807.6M from $849.4M year-over-year) suggests disciplined supply-chain management. With no debt and $1.6 billion in cash, the balance sheet supports continued buybacks and positions the company to navigate any near-term headwinds.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
Deckers reported Q1 FY2027 results and updated full-year guidance.
Added in current filing · verify on EDGAR →
On July 23, 2026, Deckers Outdoor Corporation (the “Company”) issued a press release announcing its financial results for the three months ended June 30, 2026, and updating its financial outlook for the fiscal year ending March 31, 2027.
Deckers disclosed first-quarter fiscal 2027 financial results ($4.7 billion, three months ended June 30, 2026) and updated its full-year fiscal 2027 guidance. The 8-K does not include the actual financial figures; those are in the press release furnished as Exhibit 99.1, which is not filed and therefore not subject to Exchange Act liability.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 24, 2026 · How we verify