Shares for Deckers Brands increased over 4 percent on Thursday after the market close following the footwear company’s latest earnings report.
The Goleta, Calif.-based company reported that net sales in the fourth quarter of fiscal 2026 increased 9.6 percent to $1.12 billion compared to $1.02 billion the same time last year. Net income for the fourth quarter was $135.57 million, or 96 cents per diluted share, down from $151.41 million, or $1.00 per diluted share, the prior year.
These results beat analysts’ expectations, which called for net sales in Q4 to be in the range of $1.07 billion to $1.11 billion, with diluted earnings per share expected to be in the range of 73 cents to 94 cents, according to Yahoo Finance.
By brand, Hoka led the way with net sales of $671.2 million, a 14.5 percent increase compared to $586.1 million the same time last year. At Ugg, net sales increased 9.2 percent to $408.6 million compared to $374.3 million last Q4.
Deckers’ “Other” brands division – which includes the Teva brand – saw net sales decrease 35.6 percent to $39.5 million compared to $61.3 million. The company noted that the net sales decline in “Other” brands division includes the impact from the phase-out of the Koolaburra brand standalone operations and the sale of the Sanuk brand.
As for wholesale, Deckers said that net sales in the channel increased 7.1 percent to $654.9 million compared to $611.6 million, while the direct-to-consumer channel saw net sales rise 13.2 percent to $464.4 million compared to $410.2 million the same time last year.
By region, the company noted that net sales domestically increased 0.3 percent to $649.8 million compared to $647.7 million in Q4 2025. International net sales in the period jumped 25.5 percent to $469.5 million compared to $374.1 million.
As for the full fiscal year 2026, net sales at the company increased 9.8 percent to $5.47 billion compared to $4.99 billion in fiscal 2025. Net income for the year was $1.02 billion, or $7.07 per diluted share, up from $966.09 million, or $6.33 per diluted share in fiscal 2025.
By brand, Hoka saw net sales jump 15.9 percent to $2.59 billion in fiscal 2025 compared to $2.23 billion last year. At Ugg, net sales increased 8.2 percent in the year to $2.74 billion compared to $2.53 billion. Deckers’ “Other” brands division saw net sales decline 33.9 percent to $146.2 million compared to $221.2 million in 2025.
As for wholesale, Deckers said that net sales in the channel increased 12.3 percent to $3.21 billion compared to $2.86 billion, while the direct-to-consumer channel saw net sales rise 6.3 percent to $2.26 billion compared to $2.13 billion last year.
By region, the company noted that net sales domestically increased 0.2 percent to $3.19 billion in 2026, compared to $3.19 billion in 2025. International net sales in the period increased 26.8 percent to $2.28 billion compared to $1.80 billion last year.
Stefano Caroti, president and chief executive officer of Deckers Brands, said in a statement on Thursday that fiscal 2026 was another “record year” for Deckers, with revenue and earnings growth powered by the “continued momentum of Hoka and the enduring strength of Ugg.”
“Our focus on brand building, product innovation and category leadership, along with marketplace execution continues to drive full-price demand across an expanding global audience, underscoring the long-term potential of our portfolio,” Caroti said. “We are confident in our ability to deliver compelling value for years to come, further reinforcing our competitive posture as an industry leader.”
Looking ahead, the company expects net consolidated sales in fiscal 2027 to be in the range of $5.86 billion to $5.91 billion. Diluted earnings per share in the year are expected to be in the range of $7.30 to $7.45.