Ugg and Hoka drive strong Q1 growth for Deckers
Deckers Brands reported strong Q1 results for fiscal 2026, with sales rising 16.9% year-on-year to $964.5 million, driven by continued growth from its key brands Ugg and Hoka.
Hoka led with $653.1 million in sales, while Ugg contributed $265.1 million, both exceeding expectations.
International sales jumped nearly 50%, offsetting a decline in the US market. Wholesale sales rose 26.7%, and DTC sales were stable. Net income increased 20.4% to $139.2 million, with EPS at $0.93 after a stock split.
Deckers projects Q2 sales between $1.38 billion and $1.42 billion, but remains cautious due to global uncertainties.