Deckers Q3 revenue beats expectations, helped by strong global demand for UGG and HOKA brands

Deckers Outdoor

29/01/2026 21:15

Overview

Footwear and apparel firm's fiscal Q3 revenue rose 7%, beating analyst expectations

Diluted EPS for fiscal Q3 increased 11% to a record $3.33

Company expects FY 2026 share repurchases to exceed $1 bln

Outlook

Deckers raises FY 2026 HOKA revenue guidance to mid-teens percent increase

Deckers raises FY 2026 UGG revenue guidance to mid-single-digits percent increase

Deckers expects FY 2026 diluted EPS to be $6.80-$6.85

Result Drivers

HIGH DEMAND FOR UGG AND HOKA - Co attributed record revenue and EPS to strong global demand for UGG and HOKA brands

BALANCED CHANNEL GROWTH - Co reported balanced growth in DTC and wholesale channels, with continued international momentum

PHASE-OUT IMPACT - Declines in other brands' sales attributed to phase-out of Koolaburra brand operations

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Beat
$1.96 bln
$1.87 bln (19 Analysts)
Q3 EPS
$3.33
Q3 Gross Margin
59.80%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 12 "strong buy" or "buy", 11 "hold" and 3 "sell" or "strong sell"

The average consensus recommendation for the footwear peer group is "buy."

Wall Street's median 12-month price target for Deckers Outdoor Corp is $113.00, about 15.8% above its January 28 closing price of $97.62

The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 15 three months ago

Press Release: ID:nBw4gjqgPa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)