Deckers Outdoor Corporation's stock surged 15.04% in after-hours trading on Thursday. The significant move followed the company's release of its third-quarter fiscal 2026 financial results, which exceeded analyst expectations.

The footwear and apparel maker reported quarterly earnings per share of $3.33, significantly beating the FactSet consensus estimate of $2.77. Quarterly sales reached $1.96 billion, also surpassing estimates of approximately $1.87 billion. The strong performance was attributed to robust global demand for its HOKA and UGG brands.

Furthermore, Deckers Outdoor raised its full-year guidance, now expecting earnings per share in the range of $6.80 to $6.85, up from its previous projection of $6.30 to $6.39. The company also increased its annual sales forecast to between $5.40 billion and $5.42 billion. This optimistic outlook, coupled with the announcement that share repurchases for the year are expected to exceed $1.0 billion, fueled investor optimism and drove the stock's sharp after-hours gain.