Deckers FY27 Q1: $1.02 billion revenue, EPS beat, profit outlook raised
Deckers grew revenue 5.7% to $1.02 billion and beat the $0.8892 EPS estimate with $0.94, but net income fell 6.6% to $130.0 million and operating income slipped 6.0%. The story now rests on margin and buybacks rather than volume: full-year sales guidance was left unchanged while the EPS range was raised by five cents. View: Neutral.
1 · Expected vs. Actual
Free preview belowDiluted EPS came in at $0.94 against a consensus estimate of $0.8892, a beat of roughly $0.05. The catch is that net income actually fell 6.6% to $130.0 million and operating income dropped 6.0% to $155.3 million. The per-share gain came from a smaller share count: 138.6 million diluted shares versus 149.6 million a year earlier.
Net sales rose 5.7% to $1.02 billion from $964.5 million, the first quarter above $1 billion, and constant-currency growth was 4.8%. HOKA did the heavy lifting at $703.5 million, up 7.7%, while UGG added $278.0 million, up 4.9%. Other brands fell 18.1% to $37.9 million, helped down by the Koolaburra phase-out.
Full-year sales guidance was left at $5.86 billion to $5.91 billion, so the raised profit outlook is about margin and buybacks rather than demand. Gross margin is now expected to be slightly better than 56.5% and operating margin slightly better than 21.5%. Diluted EPS guidance moved up five cents to a range of $7.35 to $7.50, and that assumes repurchasing shares worth about 80% of projected free cash flow.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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