Shares of Deckers Outdoor Corporation (DECK) surged 14.59% in after-hours trading on Thursday following the release of its first-quarter fiscal year 2026 financial results. The footwear maker reported earnings and revenue that exceeded analysts' expectations, driven by robust performance from its HOKA and UGG brands.
Deckers posted quarterly earnings of $0.93 per share, significantly beating the analyst consensus estimate of $0.72. The company's net sales jumped 16.9% year-over-year to $964.5 million, surpassing the Street estimate of $902.08 million. The HOKA brand saw a 19.8% increase in net sales to $653.1 million, while UGG brand net sales rose 18.9% to $265.1 million.
Looking ahead, Deckers provided an optimistic outlook for the second quarter, projecting net sales between $1.38 billion and $1.42 billion, with diluted earnings per share expected to range from $1.50 to $1.55. CEO Stefano Caroti expressed confidence in the company's brands and long-term opportunities, despite ongoing uncertainties in the global trade environment.
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