Deckers Brands Jumps After-Hours as Record Results and Multi-Year Outlook Beat Expectations

Deckers Brands (NYSE: DECK) jumped 3.8% in after-hours trading on Thursday after the HOKA and UGG parent delivered a record fiscal year 2026 and issued guidance that comfortably topped Wall Street estimates.

Shares closed the regular session at $102.62 before the post-market surge, rising 4.5%.

Q4 and Full-Year Results Beat Consensus

For the fourth quarter ending March 31, 2026, the footwear group posted net sales of $1.12 billion — a 9.6% year-on-year increase — edging above the Yahoo Finance analyst consensus of $1.09 billion. Full-year revenue climbed 9.8% to a record $5.47 billion, matching the top end of the analyst forecast range of $5.42–$5.47 billion.

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Full-year diluted earnings per share rose 11% to a record $7.02, comfortably clearing the consensus estimate of $6.89. For the fourth quarter alone, however, diluted EPS came in at $0.96, above the Yahoo Finance consensus of $0.83, though slightly below the prior year’s $1.00 as SG&A expenses climbed to $487.9 million.

HOKA and International Drive the Momentum

HOKA continued to lead the charge, with full-year brand revenues surging 15.9% to $2.59 billion. UGG posted a solid 8.2% gain to $2.74 billion. International sales were a standout, jumping 26.8% for the full year to $2.28 billion, with Q4 international revenues up 25.5%. Direct-to-consumer comparable net sales grew 8.2% in the quarter, reflecting strong full-price demand.

FY2027 Guidance and $5 Billion Buyback Fuel Rally

For fiscal year 2027, management guided for revenue of $5.86–$5.91 billion — ahead of the Yahoo Finance analyst consensus of $5.82 billion — with diluted EPS of $7.30–$7.45, bracketing the consensus estimate of $7.33. Operating margin is expected at approximately 21.5%.

Adding further fuel to the after-hours rally, the board approved a $3.5 billion increase to its share repurchase authorisation, bringing the total outstanding to approximately $5 billion. The company also unveiled a multi-year framework through fiscal 2030 targeting high-single-digit annual revenue growth and low-double-digit EPS expansion — a signal of management’s long-term confidence in the HOKA and UGG portfolio.

“Fiscal 2026 was another record year for Deckers,” said CEO Stefano Caroti, “with revenue and earnings growth powered by the continued momentum of HOKA and the enduring strength of UGG.”