{"success":true,"data":{"pressRelease":{"id":"97219","rtpr_id":"nBw3NJ3t7a","ticker":"DECK","exchange":"NYSE","all_tickers":["DECK"],"title":"Deckers Brands Reports First Quarter Fiscal Year 2027 Financial Results","author":"Business Wire","published_at":"2026-07-23T20:05:00.233Z","article_body":"Deckers Brands Reports First Quarter Fiscal Year 2027 Financial Results\n\n\n * FIRST QUARTER FY 2027 REVENUE INCREASED TO $1.02 BILLION\n\n * FIRST QUARTER FY 2027 DILUTED EPS INCREASED TO $0.94\n\n * FULL YEAR FY 2027 DILUTED EPS GUIDANCE RAISED TO RANGE OF $7.35-$7.50\n\n * COMPANY REPURCHASED $338 MILLION OF SHARES IN FIRST QUARTER FY 2027\n\nDeckers Brands (NYSE: DECK), a global leader in designing, marketing, and\ndistributing innovative footwear, apparel, and accessories, today announced\nfinancial results for the first fiscal quarter ended June 30, 2026. The\nCompany also provided an update to its financial outlook for the full fiscal\nyear ending March 31, 2027.\n\n“Deckers delivered a solid start to the fiscal year, surpassing $1 billion\nof first quarter revenue for the first time,” said Stefano Caroti, President\nand Chief Executive Officer. “This performance reflects the continued\nstrength of HOKA and UGG, with growing global demand as both brands extend\ntheir reach through compelling product innovation. As we build deeper\nconnections with consumers across geographies and channels, we remain focused\non advancing our premium brands and executing with discipline against our long\nterm strategies.\"\n\nFirst Quarter Fiscal 2027 Financial Review (Compared to the Same Period Last\nYear)\n\n\n * Net sales increased 5.7% to $1.020 billion compared to $964.5 million. On a\nconstant currency basis, net sales increased 4.8%.\n\n\n* Brand\n\n\n* HOKA® brand net sales increased 7.7% to $703.5 million compared to $653.1\nmillion.\n\n * UGG® brand net sales increased 4.9% to $278.0 million compared to $265.1\nmillion.\n\n * Other brands net sales decreased 18.1% to $37.9 million compared to $46.3\nmillion.\n\n\n\n\n * Channel\n\n\n* Wholesale net sales increased 2.2% to $666.7 million compared to $652.4\nmillion.\n\n * Direct-to-Consumer (DTC) net sales increased 13.0% to $352.8 million compared\nto $312.2 million. DTC comparable net sales increased 6.8%.\n\n\n\n\n * Geography\n\n\n* Domestic net sales increased 3.2% to $517.4 million compared to $501.3\nmillion.\n\n * International net sales increased 8.4% to $502.1 million compared to $463.3\nmillion.\n\n\n\n\n\n\n\n * Gross margin was 56.4% compared to 55.8%.\n\n * Selling, General, and Administrative (SG&A) expenses were $419.9 million\ncompared to $372.6 million.\n\n * Operating income was $155.3 million compared to $165.3 million.\n\n * Diluted earnings per share was $0.94 compared to $0.93.\n\nNet sales in the above results for the respective Other brands, Wholesale\nchannel, and Domestic geography include current fiscal year declines related\nto the phase-out of Koolaburra brand standalone operations.\n\nBalance Sheet (June 30, 2026 as compared to June 30, 2025)\n\n\n * Cash and cash equivalents were $1.603 billion compared to $1.720 billion.\n\n * Inventories were $807.6 million compared to $849.4 million.\n\n * The Company had no outstanding borrowings.\n\nCapital Allocation\n\nDuring the first fiscal quarter, the Company repurchased approximately 3.3\nmillion shares of its common stock for a total of $338.2 million at a weighted\naverage price paid per share of $103.79. As of June 30, 2026, the Company had\napproximately $4.7 billion remaining under its stock repurchase authorization.\n\nFull Fiscal Year 2027 Outlook for the Twelve Month Period Ending March 31,\n2027\n\nThe Company’s outlook is forward-looking in nature, reflecting our\nexpectations as of July 23, 2026, and is subject to significant risks and\nuncertainties that limit our ability to accurately forecast results. This\noutlook assumes no meaningful changes to the Company’s business prospects or\nrisks and uncertainties identified by management that could impact future\nresults, which include but are not limited to: changes in macroeconomic and\ngeopolitical conditions, including escalating global conflicts, shifts in\nconsumer confidence and discretionary spending, inflationary pressures, and\nforeign currency exchange rate fluctuations; changes to global trade policy,\nincluding tariffs and trade restrictions; and supply chain disruption. This\noutlook does not assume the collection of refunds for tariffs previously paid.\n\n\n * Net consolidated sales are still expected to be in the range of $5.86 billion\nto $5.91 billion.\n\n\n* HOKA is still expected to increase by a low-double-digit percentage versus\nlast year.\n\n * UGG is still expected to increase by a mid-single-digit percentage versus last\nyear.\n\n\n\n\n * Gross margin is now expected to be slightly better than 56.5%.\n\n * SG&A expenses as a percentage of net sales are still expected to be\napproximately 35%.\n\n * Operating margin is now expected to be slightly better than 21.5%.\n\n * Effective tax rate is still expected to be approximately 23%.\n\n * Diluted earnings per share is now expected to be in the range of $7.35 to\n$7.50, reflecting an increase of five cents versus the prior outlook.\n\n * The earnings per share guidance assumes the repurchase of shares with a value\nequal to approximately 80% of the projected fiscal year 2027 free cash flow.\n\nNon-GAAP Financial Measures\n\nIn certain instances the Company presents financial measures that were not\nprepared in accordance with generally accepted accounting principles in the\nUnited States (non-GAAP financial measures), including constant currency and\nfree cash flow. These non-GAAP financial measures provide information that may\nassist investors in understanding its financial results and assessing its\nprospects for future performance. The Company believes these non-GAAP\nfinancial measures are either important indicators of operating performance\nbecause they exclude items that are unrelated to, and may not be indicative\nof, its core operating results, or are useful supplemental measures of its\nliquidity.\n\nThe non-GAAP financial measures presented by the Company may not necessarily\nbe comparable to similarly titled measures of other companies and may not be\nappropriate measures for comparing the performance of other companies relative\nto Deckers. For example, to calculate constant currency information, the\nCompany calculates the current period financial information using the foreign\ncurrency exchange rates that were in effect during the previous comparable\nperiod, excluding the effects of foreign currency exchange rate hedges and\nremeasurements in the condensed consolidated financial statements. Further,\nthe Company reports DTC comparable net sales on a constant currency basis for\nDTC operations that were open throughout the current and prior reporting\nperiods, and may adjust prior reporting periods to conform to current year\naccounting policies.\n\nFinally, free cash flow is defined as net cash provided by operating\nactivities for a particular period less capital expenditures made during that\nsame period. The Company believes free cash flow is a useful supplemental\nmeasure of liquidity, as it reflects the cash generated from operations after\ninvestments required to support the strategic growth of the business.\n\nThe non-GAAP financial measures utilized by the Company are not intended to\nrepresent, and should not be considered to be more meaningful measures than,\nor alternatives to, measures of operating performance or liquidity determined\nin accordance with GAAP. To the extent the Company utilizes such non-GAAP\nfinancial measures in the future, it expects to calculate them using a\nconsistent method from period-to-period.\n\nConference Call Information\n\nThe Company’s conference call to review the results for the first quarter\nfiscal year 2027 will be broadcast live today, Thursday, July 23, 2026, at\n4:30 pm Eastern Time and hosted at ir.deckers.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fir.deckers.com&esheet=54576030&newsitemid=20260723881452&lan=en-US&anchor=ir.deckers.com&index=1&md5=52def6a9a829eb4b8ca39ae98b069ba1)\n. You can access the broadcast by clicking \"Earnings Webcast\" on the page. A\nreplay of the broadcast will be available for at least 30 days following the\nconference call and can be accessed under the “Financial Results” section\nof the “Financial Info” tab at the aforementioned website.\n\nAbout Deckers Brands\n\nDeckers Brands is a global leader in designing, marketing, and distributing\ninnovative footwear, apparel, and accessories developed for both everyday\ncasual lifestyle use and high-performance activities. The Company’s\nportfolio of brands includes HOKA®, UGG®, and Teva®. Deckers Brands\nproducts are sold in more than 50 countries and territories through select\ndepartment and specialty stores, Company-owned and operated retail stores, and\nselect online stores, including Company-owned websites. Deckers Brands has\nover 50 years of history building niche footwear brands into lifestyle market\nleaders attracting millions of loyal consumers globally. For more information,\nplease visit www.deckers.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.deckers.com&esheet=54576030&newsitemid=20260723881452&lan=en-US&anchor=www.deckers.com&index=2&md5=aae758d61f39743b5c25223cab2d3282)\n.\n\nForward-Looking Statements\n\nThis press release contains “forward-looking statements” within the\nmeaning of the safe harbor provisions of the U.S. Private Securities\nLitigation Reform Act of 1995, which statements are subject to considerable\nrisks and uncertainties. Forward-looking statements include all statements\nother than statements of historical fact contained in this press release,\nincluding statements regarding our projected financial results, including net\nsales, gross margin, SG&A expenses, operating margin, inventories,\neffective tax rate, and diluted earnings per share; the strength of our brands\nand demand for our products; our ability to drive future growth and\nprofitability; our ability to achieve our financial outlook; our ability to\nexecute on our long-term strategies, objectives, and opportunities; our\nability to differentiate our company in a competitive environment; and our\nability to return value to our stockholders, including potential repurchase of\nshares. We have attempted to identify forward-looking statements by using\nwords such as “anticipate,” “believe,” “estimate,” “intend,”\n“may,” “plan,” “predict,” “project,” “should,” “will,”\nor “would,” and similar expressions or the negative of these expressions.\n\nForward-looking statements represent our management’s current expectations\nand predictions about trends affecting our business and industry and are based\non information available as of the time such statements are made. Although we\ndo not make forward-looking statements unless we believe we have a reasonable\nbasis for doing so, we cannot guarantee their accuracy or completeness.\nForward-looking statements involve numerous known and unknown risks,\nuncertainties and other factors that may cause our actual results, performance\nor achievements to be materially different from any future results,\nperformance or achievements predicted, assumed or implied by the\nforward-looking statements. Some of the risks and uncertainties that may cause\nour actual results to materially differ from those expressed or implied by\nthese forward-looking statements are described in the section entitled “Risk\nFactors” in our Annual Report on Form 10-K for the fiscal year ended March\n31, 2026, as well as in our Quarterly Reports on Form 10-Q and other filings\nwith the Securities and Exchange Commission.\n\nAny forward-looking statement made by us in this press release is based only\non information currently available to us and speaks only as of the date on\nwhich it is made. Except as required by applicable law or the listing rules of\nthe New York Stock Exchange, we expressly disclaim any intent or obligation to\nupdate any forward-looking statements, or to update the reasons actual results\ncould differ materially from those expressed or implied by these\nforward-looking statements, whether to conform such statements to actual\nresults or changes in our expectations, or as a result of the availability of\nnew information.\n DECKERS OUTDOOR CORPORATION AND SUBSIDIARIES                                                               \n \n                                                                                                          \n \nCONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED)                                     \n \n                                                                                                          \n \n(dollar and share data amounts in thousands, except per share data)                                       \n                                                                                                            \n                                                          Three Months Ended June 30,                       \n                                                          2026                         2025                 \n Net sales                                                $     1,019,531              $     964,538        \n Cost of sales                                                  444,368                      426,632        \n Gross profit                                                   575,163                      537,906        \n Selling, general, and administrative expenses                  419,862                      372,619        \n Income from operations                                         155,301                      165,287        \n Total other income, net                                        (13,749    )                 (17,779  )     \n Income before income taxes                                     169,050                      183,066        \n Income tax expense                                             39,078                       43,863         \n Net income                                                     129,972                      139,203        \n Total other comprehensive income (loss), net of tax            3,287                        (8,435   )     \n Comprehensive income                                     $     133,259                $     130,768        \n                                                                                                            \n Net income per share                                                                                       \n Basic                                                    $     0.94                   $     0.93           \n Diluted                                                  $     0.94                   $     0.93           \n Weighted-average common shares outstanding                                                                 \n Basic                                                          138,263                      149,344        \n Diluted                                                        138,559                      149,635        \n\n DECKERS OUTDOOR CORPORATION AND SUBSIDIARIES                                                   \n \n                                                                                              \n \nCONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)                                             \n \n                                                                                              \n \n(dollar amounts in thousands)                                                                 \n                                                                                                \n                                                   June 30, 2026           March 31, 2026       \n ASSETS                                                                    (AUDITED)            \n Current assets                                                                                 \n Cash and cash equivalents                         $        1,602,589      $         1,907,249  \n Trade accounts receivable, net                             378,348                  318,978    \n Inventories                                                807,580                  487,018    \n Other current assets                                       133,512                  137,175    \n Total current assets                                       2,922,029                2,850,420  \n Property and equipment, net                                337,750                  337,782    \n Operating lease assets                                     432,484                  335,098    \n Other noncurrent assets                                    176,358                  164,465    \n Total assets                                      $        3,868,621      $         3,687,765  \n                                                                                                \n LIABILITIES AND STOCKHOLDERS’ EQUITY                                                           \n Current liabilities                                                                            \n Trade accounts payable                            $        726,407        $         384,529    \n Operating lease liabilities                                73,358                   83,931     \n Other current liabilities                                  263,866                  335,614    \n Total current liabilities                                  1,063,631                804,074    \n Long-term operating lease liabilities                      398,976                  291,263    \n Other long-term liabilities                                104,332                  92,790     \n Total long-term liabilities                                503,308                  384,053    \n Total stockholders’ equity                                 2,301,682                2,499,638  \n Total liabilities and stockholders’ equity        $        3,868,621      $         3,687,765  \n\n\n \n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260723881452/en/\n(https://www.businesswire.com/news/home/20260723881452/en/)\n\nInvestor Contact: \n\nErinn Kohler | VP, Investor Relations, Corporate Planning & Business\nAnalytics | Deckers Brands | 805.967.7611\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBw3NJ3t7a","title":"Deckers Brands Reports First Quarter Fiscal Year 2027 Financial Results","author":"Business Wire","ticker":"DECK","created":"2026-07-23T20:05:00.233Z","tickers":["DECK"],"exchange":"NYSE","article_body":"Deckers Brands Reports First Quarter Fiscal Year 2027 Financial Results\n\n\n * FIRST QUARTER FY 2027 REVENUE INCREASED TO $1.02 BILLION\n\n * FIRST QUARTER FY 2027 DILUTED EPS INCREASED TO $0.94\n\n * FULL YEAR FY 2027 DILUTED EPS GUIDANCE RAISED TO RANGE OF $7.35-$7.50\n\n * COMPANY REPURCHASED $338 MILLION OF SHARES IN FIRST QUARTER FY 2027\n\nDeckers Brands (NYSE: DECK), a global leader in designing, marketing, and\ndistributing innovative footwear, apparel, and accessories, today announced\nfinancial results for the first fiscal quarter ended June 30, 2026. The\nCompany also provided an update to its financial outlook for the full fiscal\nyear ending March 31, 2027.\n\n“Deckers delivered a solid start to the fiscal year, surpassing $1 billion\nof first quarter revenue for the first time,” said Stefano Caroti, President\nand Chief Executive Officer. “This performance reflects the continued\nstrength of HOKA and UGG, with growing global demand as both brands extend\ntheir reach through compelling product innovation. As we build deeper\nconnections with consumers across geographies and channels, we remain focused\non advancing our premium brands and executing with discipline against our long\nterm strategies.\"\n\nFirst Quarter Fiscal 2027 Financial Review (Compared to the Same Period Last\nYear)\n\n\n * Net sales increased 5.7% to $1.020 billion compared to $964.5 million. On a\nconstant currency basis, net sales increased 4.8%.\n\n\n* Brand\n\n\n* HOKA® brand net sales increased 7.7% to $703.5 million compared to $653.1\nmillion.\n\n * UGG® brand net sales increased 4.9% to $278.0 million compared to $265.1\nmillion.\n\n * Other brands net sales decreased 18.1% to $37.9 million compared to $46.3\nmillion.\n\n\n\n\n * Channel\n\n\n* Wholesale net sales increased 2.2% to $666.7 million compared to $652.4\nmillion.\n\n * Direct-to-Consumer (DTC) net sales increased 13.0% to $352.8 million compared\nto $312.2 million. DTC comparable net sales increased 6.8%.\n\n\n\n\n * Geography\n\n\n* Domestic net sales increased 3.2% to $517.4 million compared to $501.3\nmillion.\n\n * International net sales increased 8.4% to $502.1 million compared to $463.3\nmillion.\n\n\n\n\n\n\n\n * Gross margin was 56.4% compared to 55.8%.\n\n * Selling, General, and Administrative (SG&A) expenses were $419.9 million\ncompared to $372.6 million.\n\n * Operating income was $155.3 million compared to $165.3 million.\n\n * Diluted earnings per share was $0.94 compared to $0.93.\n\nNet sales in the above results for the respective Other brands, Wholesale\nchannel, and Domestic geography include current fiscal year declines related\nto the phase-out of Koolaburra brand standalone operations.\n\nBalance Sheet (June 30, 2026 as compared to June 30, 2025)\n\n\n * Cash and cash equivalents were $1.603 billion compared to $1.720 billion.\n\n * Inventories were $807.6 million compared to $849.4 million.\n\n * The Company had no outstanding borrowings.\n\nCapital Allocation\n\nDuring the first fiscal quarter, the Company repurchased approximately 3.3\nmillion shares of its common stock for a total of $338.2 million at a weighted\naverage price paid per share of $103.79. As of June 30, 2026, the Company had\napproximately $4.7 billion remaining under its stock repurchase authorization.\n\nFull Fiscal Year 2027 Outlook for the Twelve Month Period Ending March 31,\n2027\n\nThe Company’s outlook is forward-looking in nature, reflecting our\nexpectations as of July 23, 2026, and is subject to significant risks and\nuncertainties that limit our ability to accurately forecast results. This\noutlook assumes no meaningful changes to the Company’s business prospects or\nrisks and uncertainties identified by management that could impact future\nresults, which include but are not limited to: changes in macroeconomic and\ngeopolitical conditions, including escalating global conflicts, shifts in\nconsumer confidence and discretionary spending, inflationary pressures, and\nforeign currency exchange rate fluctuations; changes to global trade policy,\nincluding tariffs and trade restrictions; and supply chain disruption. This\noutlook does not assume the collection of refunds for tariffs previously paid.\n\n\n * Net consolidated sales are still expected to be in the range of $5.86 billion\nto $5.91 billion.\n\n\n* HOKA is still expected to increase by a low-double-digit percentage versus\nlast year.\n\n * UGG is still expected to increase by a mid-single-digit percentage versus last\nyear.\n\n\n\n\n * Gross margin is now expected to be slightly better than 56.5%.\n\n * SG&A expenses as a percentage of net sales are still expected to be\napproximately 35%.\n\n * Operating margin is now expected to be slightly better than 21.5%.\n\n * Effective tax rate is still expected to be approximately 23%.\n\n * Diluted earnings per share is now expected to be in the range of $7.35 to\n$7.50, reflecting an increase of five cents versus the prior outlook.\n\n * The earnings per share guidance assumes the repurchase of shares with a value\nequal to approximately 80% of the projected fiscal year 2027 free cash flow.\n\nNon-GAAP Financial Measures\n\nIn certain instances the Company presents financial measures that were not\nprepared in accordance with generally accepted accounting principles in the\nUnited States (non-GAAP financial measures), including constant currency and\nfree cash flow. These non-GAAP financial measures provide information that may\nassist investors in understanding its financial results and assessing its\nprospects for future performance. The Company believes these non-GAAP\nfinancial measures are either important indicators of operating performance\nbecause they exclude items that are unrelated to, and may not be indicative\nof, its core operating results, or are useful supplemental measures of its\nliquidity.\n\nThe non-GAAP financial measures presented by the Company may not necessarily\nbe comparable to similarly titled measures of other companies and may not be\nappropriate measures for comparing the performance of other companies relative\nto Deckers. For example, to calculate constant currency information, the\nCompany calculates the current period financial information using the foreign\ncurrency exchange rates that were in effect during the previous comparable\nperiod, excluding the effects of foreign currency exchange rate hedges and\nremeasurements in the condensed consolidated financial statements. Further,\nthe Company reports DTC comparable net sales on a constant currency basis for\nDTC operations that were open throughout the current and prior reporting\nperiods, and may adjust prior reporting periods to conform to current year\naccounting policies.\n\nFinally, free cash flow is defined as net cash provided by operating\nactivities for a particular period less capital expenditures made during that\nsame period. The Company believes free cash flow is a useful supplemental\nmeasure of liquidity, as it reflects the cash generated from operations after\ninvestments required to support the strategic growth of the business.\n\nThe non-GAAP financial measures utilized by the Company are not intended to\nrepresent, and should not be considered to be more meaningful measures than,\nor alternatives to, measures of operating performance or liquidity determined\nin accordance with GAAP. To the extent the Company utilizes such non-GAAP\nfinancial measures in the future, it expects to calculate them using a\nconsistent method from period-to-period.\n\nConference Call Information\n\nThe Company’s conference call to review the results for the first quarter\nfiscal year 2027 will be broadcast live today, Thursday, July 23, 2026, at\n4:30 pm Eastern Time and hosted at ir.deckers.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fir.deckers.com&esheet=54576030&newsitemid=20260723881452&lan=en-US&anchor=ir.deckers.com&index=1&md5=52def6a9a829eb4b8ca39ae98b069ba1)\n. You can access the broadcast by clicking \"Earnings Webcast\" on the page. A\nreplay of the broadcast will be available for at least 30 days following the\nconference call and can be accessed under the “Financial Results” section\nof the “Financial Info” tab at the aforementioned website.\n\nAbout Deckers Brands\n\nDeckers Brands is a global leader in designing, marketing, and distributing\ninnovative footwear, apparel, and accessories developed for both everyday\ncasual lifestyle use and high-performance activities. The Company’s\nportfolio of brands includes HOKA®, UGG®, and Teva®. Deckers Brands\nproducts are sold in more than 50 countries and territories through select\ndepartment and specialty stores, Company-owned and operated retail stores, and\nselect online stores, including Company-owned websites. Deckers Brands has\nover 50 years of history building niche footwear brands into lifestyle market\nleaders attracting millions of loyal consumers globally. For more information,\nplease visit www.deckers.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.deckers.com&esheet=54576030&newsitemid=20260723881452&lan=en-US&anchor=www.deckers.com&index=2&md5=aae758d61f39743b5c25223cab2d3282)\n.\n\nForward-Looking Statements\n\nThis press release contains “forward-looking statements” within the\nmeaning of the safe harbor provisions of the U.S. Private Securities\nLitigation Reform Act of 1995, which statements are subject to considerable\nrisks and uncertainties. Forward-looking statements include all statements\nother than statements of historical fact contained in this press release,\nincluding statements regarding our projected financial results, including net\nsales, gross margin, SG&A expenses, operating margin, inventories,\neffective tax rate, and diluted earnings per share; the strength of our brands\nand demand for our products; our ability to drive future growth and\nprofitability; our ability to achieve our financial outlook; our ability to\nexecute on our long-term strategies, objectives, and opportunities; our\nability to differentiate our company in a competitive environment; and our\nability to return value to our stockholders, including potential repurchase of\nshares. We have attempted to identify forward-looking statements by using\nwords such as “anticipate,” “believe,” “estimate,” “intend,”\n“may,” “plan,” “predict,” “project,” “should,” “will,”\nor “would,” and similar expressions or the negative of these expressions.\n\nForward-looking statements represent our management’s current expectations\nand predictions about trends affecting our business and industry and are based\non information available as of the time such statements are made. Although we\ndo not make forward-looking statements unless we believe we have a reasonable\nbasis for doing so, we cannot guarantee their accuracy or completeness.\nForward-looking statements involve numerous known and unknown risks,\nuncertainties and other factors that may cause our actual results, performance\nor achievements to be materially different from any future results,\nperformance or achievements predicted, assumed or implied by the\nforward-looking statements. Some of the risks and uncertainties that may cause\nour actual results to materially differ from those expressed or implied by\nthese forward-looking statements are described in the section entitled “Risk\nFactors” in our Annual Report on Form 10-K for the fiscal year ended March\n31, 2026, as well as in our Quarterly Reports on Form 10-Q and other filings\nwith the Securities and Exchange Commission.\n\nAny forward-looking statement made by us in this press release is based only\non information currently available to us and speaks only as of the date on\nwhich it is made. Except as required by applicable law or the listing rules of\nthe New York Stock Exchange, we expressly disclaim any intent or obligation to\nupdate any forward-looking statements, or to update the reasons actual results\ncould differ materially from those expressed or implied by these\nforward-looking statements, whether to conform such statements to actual\nresults or changes in our expectations, or as a result of the availability of\nnew information.\n DECKERS OUTDOOR CORPORATION AND SUBSIDIARIES                                                               \n \n                                                                                                          \n \nCONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED)                                     \n \n                                                                                                          \n \n(dollar and share data amounts in thousands, except per share data)                                       \n                                                                                                            \n                                                          Three Months Ended June 30,                       \n                                                          2026                         2025                 \n Net sales                                                $     1,019,531              $     964,538        \n Cost of sales                                                  444,368                      426,632        \n Gross profit                                                   575,163                      537,906        \n Selling, general, and administrative expenses                  419,862                      372,619        \n Income from operations                                         155,301                      165,287        \n Total other income, net                                        (13,749    )                 (17,779  )     \n Income before income taxes                                     169,050                      183,066        \n Income tax expense                                             39,078                       43,863         \n Net income                                                     129,972                      139,203        \n Total other comprehensive income (loss), net of tax            3,287                        (8,435   )     \n Comprehensive income                                     $     133,259                $     130,768        \n                                                                                                            \n Net income per share                                                                                       \n Basic                                                    $     0.94                   $     0.93           \n Diluted                                                  $     0.94                   $     0.93           \n Weighted-average common shares outstanding                                                                 \n Basic                                                          138,263                      149,344        \n Diluted                                                        138,559                      149,635        \n\n DECKERS OUTDOOR CORPORATION AND SUBSIDIARIES                                                   \n \n                                                                                              \n \nCONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)                                             \n \n                                                                                              \n \n(dollar amounts in thousands)                                                                 \n                                                                                                \n                                                   June 30, 2026           March 31, 2026       \n ASSETS                                                                    (AUDITED)            \n Current assets                                                                                 \n Cash and cash equivalents                         $        1,602,589      $         1,907,249  \n Trade accounts receivable, net                             378,348                  318,978    \n Inventories                                                807,580                  487,018    \n Other current assets                                       133,512                  137,175    \n Total current assets                                       2,922,029                2,850,420  \n Property and equipment, net                                337,750                  337,782    \n Operating lease assets                                     432,484                  335,098    \n Other noncurrent assets                                    176,358                  164,465    \n Total assets                                      $        3,868,621      $         3,687,765  \n                                                                                                \n LIABILITIES AND STOCKHOLDERS’ EQUITY                                                           \n Current liabilities                                                                            \n Trade accounts payable                            $        726,407        $         384,529    \n Operating lease liabilities                                73,358                   83,931     \n Other current liabilities                                  263,866                  335,614    \n Total current liabilities                                  1,063,631                804,074    \n Long-term operating lease liabilities                      398,976                  291,263    \n Other long-term liabilities                                104,332                  92,790     \n Total long-term liabilities                                503,308                  384,053    \n Total stockholders’ equity                                 2,301,682                2,499,638  \n Total liabilities and stockholders’ equity        $        3,868,621      $         3,687,765  \n\n\n \n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260723881452/en/\n(https://www.businesswire.com/news/home/20260723881452/en/)\n\nInvestor Contact: \n\nErinn Kohler | VP, Investor Relations, Corporate Planning & Business\nAnalytics | Deckers Brands | 805.967.7611\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-07-23T20:05:01.617013736Z","server_sent_at_ms":1784837101617},"received_at":"2026-07-23T20:05:01.707Z","source_url":"https://www.businesswire.com/news/home/20260723881452/en/"},"analysis":{"id":"86256","press_release_id":"97219","analysis_json":{"industry":{"label":"Textiles, Apparel & Luxury Goods","sector":"Consumer 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