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Get filing alertsRisk Profile Improvements
- Controls And Procedures Section Absent (removed) — Current filing lacks Item 4 Controls and Procedures entirely; baseline disclosed effective disclosure controls and no material changes to internal controls as of June 30, 2025.
Deckers Q1 revenue +5.7%, op income -6% as SG&A outpaces sales; $120M tariff refund pending
Filed July 30, 2026 · Period ending June 30, 2026 · Compared to 10-Q Jul 31, 2025 · ~2 min read
Key Changes
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Operating income fell 6% to $155.3M (margin 15.2%, -190bp) despite 5.7% revenue growth, as SG&A expenses rose 12.7% — driven by HOKA retail expansion (20 new stores), higher payroll/IT costs, and a $14.9M FX remeasurement swing from $9.1M gain to $5.8M loss.
MD&A: Operating Results verify on EDGAR → -
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Company paid ~$120M in IEEPA tariffs invalidated by Supreme Court in Feb 2026 and began filing for refunds; no receivable recognized yet. Net refund may be reduced by manufacturer cost-sharing, taxes, and other factors. Mitigation strategies won't fully offset incremental tariffs expected in FY27.
Legal Proceedings / MD&A: Tariffs view on EDGAR → -
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Two consumer class actions filed alleging tariff-related pricing actions and potential governmental tariff reimbursements; company intends to defend vigorously. No damages or litigation stage disclosed.
Legal Proceedings verify on EDGAR →
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Source-verified from EDGAR · Narrative written by AI · Jul 31, 2026 · How we verify