Shares for Hoka and Ugg mum or dad firm Deckers Manufacturers surged 15 p.c in after-market buying and selling on Thursday after the footwear maker beat expectations within the first quarter of fiscal 2026.
The Goleta, Calif.-based firm reported a internet gross sales improve of 16.9 p.c in Q1 to $964.5 million in comparison with $825.3 million the identical time final yr. Web revenue for the primary quarter was $139.2 million or 93 cents per diluted share, up from $115.6 million, or 75 cents per diluted share, the prior yr.
These outcomes beat consensus estimates which known as for revenues of $900.3 million, and earnings per share of 68 cents, in accordance with Yahoo Finance.
By model, Hoka led the way in which with internet gross sales of $653.1 million, a 19.8 p.c improve in comparison with $545.2 million the identical time final yr. At Ugg, internet gross sales elevated 18.9 p.c to $265.1 million in comparison with $223.0 million final Q1. Deckers’ “Different” manufacturers division – which incorporates the Teva and Ahnu manufacturers – noticed internet gross sales lower 19 p.c to $46.3 million in comparison with $57.2 million.
As for wholesale, Deckers stated that internet gross sales within the channel elevated 26.7 p.c to $652.4 million in comparison with $514.8 million, whereas the direct-to-consumer channel noticed internet tick up 0.5 p.c to $312.2 million in comparison with $310.6 million the identical time final yr.
By area, the corporate famous that internet gross sales domestically declined 2.8 p.c to $501.3 million in comparison with $515.9 million in Q1 2025. Nevertheless, worldwide internet gross sales within the interval elevated 49.7 p.c to $463.3 million in comparison with $309.5 million.
Stefano Caroti, president and chief government officer of Deckers Manufacturers, stated in an announcement on Thursday that Hoka and Ugg “outperformed” the corporate’s first quarter expectations, with “strong development delivering stable outcomes to start fiscal yr 2026.”
“Although uncertainty stays elevated within the world commerce atmosphere, our confidence in our manufacturers has not modified, and the long-term alternatives forward are important,” Caroti stated. “We are going to lean on the elemental strengths of our highly effective working mannequin as we proceed executing our technique.”
Trying forward, Deckers Manufacturers stated that given the continued uncertainty from evolving world commerce coverage and associated macroeconomic pressures, the corporate will solely be offering second quarter steering.
In Q2 2026, Deckers expects internet gross sales to be within the vary of $1.38 billion to $1.42 billion, with diluted earnings per share anticipated to be within the vary of $1.50 to $1.55.
These outcomes additionally come as the corporate confirms that former CEO Dave Powers won’t stand for reelection to the board at its subsequent annual assembly, retiring after greater than 9 years of service as a director.
