DECK

EX-99.1

2 deckex991pressrelease-9302.htm

EX-99.1

Document

Exhibit 99.1

DECKERS BRANDS REPORTS SECOND QUARTER FISCAL YEAR 2027 FINANCIAL RESULTS

•SECOND QUARTER FY 2027 REVENUE INCREASED TO A RECORD $1.48 BILLION

•SECOND QUARTER FY 2027 DILUTED EPS INCREASED 27% TO $2.31, INCLUDING A $0.28 BENEFIT RELATED TO IEEPA TARIFF NET REFUNDS RECEIVED IN THE QUARTER(1)

•FULL YEAR FY 2027 DILUTED EPS GUIDANCE RAISED TO RANGE OF $7.80-$7.95, INCLUDING AN APPROXIMATE $0.52 BENEFIT RELATED TO IEEPA TARIFF NET REFUNDS RECEIVED(2)

•COMPANY REPURCHASED $299 MILLION OF SHARES IN SECOND QUARTER FY 2027, BRINGING 1H FY 2027 TOTAL TO $637 MILLION

Goleta, California (October 22, 2026) -- Deckers Brands (NYSE: DECK), a global leader in designing, marketing, and distributing innovative footwear, apparel, and accessories, today announced financial results for the second fiscal quarter ended September 30, 2026. The Company also provided an update to its financial outlook for the full fiscal year ending March 31, 2027.

“We delivered earnings above our expectations in the second quarter by maintaining disciplined marketplace management and a focus on expense control in a challenging consumer environment,” said Stefano Caroti, President and Chief Executive Officer. “As we move through the back half of fiscal 2027, we are taking deliberate actions to strengthen our connection with consumers, sharpen execution, and concentrate resources behind our greatest opportunities. We remain confident in the significant global opportunities ahead for both HOKA and UGG, and our ability to drive sustainable growth and create long-term shareholder value."

Second Quarter Fiscal 2027 Financial Review(1) (Compared to the Same Period Last Year)

•Net sales increased 3.5% to $1.481 billion compared to $1.431 billion. On a constant currency basis, net sales increased 2.8%.

◦Brand

▪HOKA® brand net sales increased 6.8% to $677.2 million compared to $634.1 million.

▪UGG® brand net sales increased 3.5% to $786.4 million compared to $759.6 million.

▪Other brands net sales decreased 54.3% to $17.0 million compared to $37.2 million.

◦Channel

▪Wholesale net sales increased 5.5% to $1.093 billion compared to $1.036 billion.

▪Direct-to-Consumer (DTC) net sales decreased 1.8% to $387.5 million compared to $394.6 million. DTC comparable net sales decreased 6.4%.

◦Geography

▪Domestic net sales decreased 0.4% to $835.8 million compared to $839.5 million.

▪International net sales increased 9.0% to $644.7 million compared to $591.3 million.

•Gross margin(1) was 60.5% compared to 56.2%.

•Selling, General, and Administrative (SG&A) expenses were $505.7 million compared to $477.3 million.

•Operating income(1) was $389.5 million compared to $326.5 million.

•Diluted earnings per share(1) was $2.31 compared to $1.82.

(1) During the second quarter of fiscal year 2027, the Company received International Emergency Economic Powers Act ("IEEPA") tariff net refunds totaling $46.0 million, plus associated interest of $3.0 million, which were recognized as a reduction of cost of sales and an increase to total other income, respectively. The net benefit to both gross margin and operating margin was approximately 310 basis points. Net of tax, this resulted in an approximate $0.28 benefit to second quarter fiscal year 2027 diluted earnings per share.

Net sales in the above results for the respective Other brands, Wholesale channel, and Domestic geography include current fiscal year declines related to the phase-out of Koolaburra brand standalone operations.

Balance Sheet (September 30, 2026 as compared to September 30, 2025)

•Cash and cash equivalents were $1.210 billion compared to $1.414 billion.

•Inventories were $860.8 million compared to $835.6 million.

•The Company had no outstanding borrowings.

Capital Allocation

During the second fiscal quarter, the Company repurchased approximately 3.2 million shares of its common stock for a total of $299.3 million at a weighted average price paid per share of $93.65. Fiscal year to date through September 30, 2026, the Company repurchased approximately 6.5 million shares of its common stock for a total of $637.5 million at a weighted average price paid per share of $98.77. As of September 30, 2026, the Company had approximately $4.4 billion remaining under its stock repurchase authorization.

Full Fiscal Year 2027 Outlook(2) for the Twelve Month Period Ending March 31, 2027

The Company’s outlook is forward-looking in nature, reflecting our expectations as of October 22, 2026, and is subject to significant risks and uncertainties that limit our ability to accurately forecast results. This outlook assumes no meaningful changes to the Company’s business prospects or risks and uncertainties identified by management that could impact future results, which include but are not limited to: changes in macroeconomic and geopolitical conditions, including escalating global conflicts, shifts in consumer confidence and discreti

SEC.gov | Request Rate Threshold Exceeded

U.S. Securities and Exchange Commission

You’ve Exceeded the SEC’s Traffic Limit

Your request rate has exceeded the SEC’s maximum allowable requests per second. Your access to SEC.gov will be limited for 10 minutes.

Current guidelines limit each user to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests. To ensure that SEC.gov remains available to all users, we reserve the right to block IP addresses that submit excessive requests.

The block will be lifted automatically by waiting 10 minutes. Continuing to exceed the SEC’s maximum allowable request rate during the time-out period will extend the duration of the time-out period. To ensure fair access for all users, please reduce the rate of your requests and visit SEC.gov again after the 10 minute time-out period has passed.

For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. You can also sign up for email updates on the SEC open data program, including best practices that make it more efficient to download data, and SEC.gov enhancements that may impact scripted downloading processes. For more information, contact opendata@sec.gov.

For more information, please see the SEC’s Web Site Privacy and Security Policy. Thank you for your interest in the U.S. Securities and Exchange Commission.

Reference ID: 0.e618d017.1785159617.36cb456d

More Information

Internet Security Policy

By using this site, you are agreeing to security monitoring and auditing. For security purposes, and to ensure that the public service remains available to users, this government computer system employs programs to monitor network traffic to identify unauthorized attempts to upload or change information or to otherwise cause damage, including attempts to deny service to users.

Unauthorized attempts to upload information and/or change information on any portion of this site are strictly prohibited and are subject to prosecution under the Computer Fraud and Abuse Act of 1986 and the National Information Infrastructure Protection Act of 1996 (see Title 18 U.S.C. §§ 1001 and 1030).

To ensure our website performs well for all users, the SEC monitors the frequency of requests for SEC.gov content to ensure automated searches do not impact the ability of others to access SEC.gov content. We reserve the right to block IP addresses that submit excessive requests. Current guidelines limit users to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests.

If a user or application submits more than 10 requests per second, further requests from the IP address(es) may be limited for a brief period. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. This SEC practice is designed to limit excessive automated searches on SEC.gov and is not intended or expected to impact individuals browsing the SEC.gov website.

Note that this policy may change as the SEC manages SEC.gov to ensure that the website performs efficiently and remains available to all users.

Note: We do not offer technical support for developing or debugging scripted downloading processes.

EX-99.1

2 deckex991pressrelease-3312.htm

EX-99.1

Document

Exhibit 99.1

DECKERS BRANDS REPORTS FOURTH QUARTER AND FULL FISCAL YEAR 2026 FINANCIAL RESULTS

•FOURTH QUARTER FY 2026 REVENUE INCREASED 10% TO A RECORD $1.12 BILLION

•FULL YEAR FY 2026 REVENUE INCREASED 10% TO A RECORD $5.47 BILLION

•FULL YEAR FY 2026 DILUTED EPS INCREASED 11% TO A RECORD $7.02

•GUIDES FY 2027 REVENUE GROWTH OF HIGH-SINGLE-DIGIT PERCENTAGES

•GUIDES FY 2027 DILUTED EPS RANGE OF $7.30-$7.45

•COMPANY PROVIDES MULTI-YEAR FRAMEWORK THROUGH FISCAL YEAR 2030

•SHARE REPURCHASE AUTHORIZATION INCREASED BY AN ADDITIONAL $3.5 BILLION, BRINGING THE NEW TOTAL TO APPROXIMATELY $5 BILLION

Goleta, California (May 21, 2026) -- Deckers Brands (NYSE: DECK), a global leader in designing, marketing, and distributing innovative footwear, apparel, and accessories, today announced financial results for the fourth fiscal quarter and full fiscal year ended March 31, 2026. The Company also provided its financial outlook for the full fiscal year ending March 31, 2027 and a multi-year financial framework for the fiscal years ending March 31, 2028 through March 31, 2030.

“Fiscal 2026 was another record year for Deckers, with revenue and earnings growth powered by the continued momentum of HOKA and the enduring strength of UGG,” said Stefano Caroti, President and Chief Executive Officer. “Our focus on brand building, product innovation and category leadership, along with marketplace execution continues to drive full-price demand across an expanding global audience, underscoring the long-term potential of our portfolio. We are confident in our ability to deliver compelling value for years to come, further reinforcing our competitive posture as an industry leader."

Fourth Quarter Fiscal 2026 Financial Review (Compared to the Same Period Last Year)

•Net sales increased 9.6% to $1.119 billion compared to $1.022 billion. On a constant currency basis, net sales increased 7.7%.

◦Brand

▪HOKA® brand net sales increased 14.5% to $671.2 million compared to $586.1 million.

▪UGG® brand net sales increased 9.2% to $408.6 million compared to $374.3 million.

▪Other brands net sales decreased 35.6% to $39.5 million compared to $61.3 million.

◦Channel

▪Wholesale net sales increased 7.1% to $654.9 million compared to $611.6 million.

▪Direct-to-Consumer (DTC) net sales increased 13.2% to $464.4 million compared to $410.2 million. DTC comparable net sales increased 8.2%.

◦Geography

▪Domestic net sales increased 0.3% to $649.8 million compared to $647.7 million.

▪International net sales increased 25.5% to $469.5 million compared to $374.1 million.

•Gross margin was 57.6% compared to 56.7%.

•Selling, General, and Administrative (SG&A) expenses were $487.9 million compared to $405.8 million.

•Operating income was $156.7 million compared to $173.9 million.

•Diluted earnings per share was $0.96 compared to $1.00.

Full Fiscal Year 2026 Financial Review (Compared to the Same Period Last Year)

•Net sales increased 9.8% to $5.472 billion compared to $4.986 billion. On a constant currency basis, net sales increased 9.0%.

◦Brand

▪HOKA® brand net sales increased 15.9% to $2.587 billion compared to $2.233 billion.

▪UGG® brand net sales increased 8.2% to $2.739 billion compared to $2.531 billion.

▪Other brands net sales decreased 33.9% to $146.2 million compared to $221.2 million.

◦Channel

▪Wholesale net sales increased 12.3% to $3.208 billion compared to $2.856 billion.

▪DTC net sales increased 6.3% to $2.264 billion compared to $2.130 billion. DTC comparable net sales increased 4.6%.

◦Geography

▪Domestic net sales increased 0.2% to $3.192 billion compared to $3.187 billion.

▪International net sales increased 26.8% to $2.281 billion compared to $1.799 billion.

•Gross margin was 57.7% compared to 57.9%.

•SG&A expenses were $1.895 billion compared to $1.707 billion.

•Operating income was $1.263 billion compared to $1.179 billion.

•Diluted earnings per share was $7.02 compared to $6.33.

Net sales in the above results for the respective Other brands, Wholesale channel, and Domestic geography include current fiscal year declines primarily driven by the phase-out of Koolaburra brand standalone operations and the sale of the Sanuk brand.

Balance Sheet (March 31, 2026 as compared to March 31, 2025)

•Cash and cash equivalents were $1.907 billion compared to $1.889 billion.

•Inventories, including the impact of incremental tariffs, were $487.0 million compared to $495.2 million.

•The Company had no outstanding borrowings.

Capital Allocation

During the fourth fiscal quarter, the Company repurchased approximately 2.5 million shares of its common stock for a total of $261.6 million at a weighted average price paid per share of $105.61.

During the full fiscal year 2026, the Company repurchased approximately 10.5 million shares of its common stock for a total of $1.075 billion at a weighted average price paid per share of $102.43. As of March 31, 2026, the Comp