Shares of Deckers Outdoor Corporation (DECK) surged 11.49% in pre-market trading on Friday, following the company's impressive first-quarter fiscal 2026 financial results released after market close on Thursday. The footwear maker, known for its popular HOKA and UGG brands, reported earnings and revenue that significantly exceeded analysts' expectations.
Deckers posted quarterly earnings of $0.93 per share, surpassing the analyst consensus estimate of $0.72 by 28.28%. The company's net sales jumped 16.9% year-over-year to $964.5 million, beating the Street estimate of $902.08 million. The strong performance was primarily driven by robust international demand, with international net sales surging by 49.7%. HOKA brand sales increased 19.8% to $653.1 million, while UGG brand sales rose 18.9% to $265.1 million.
Despite ongoing uncertainties in the global trade environment, Deckers provided an optimistic outlook for the second quarter, projecting net sales between $1.38 billion and $1.42 billion. CEO Stefano Caroti expressed confidence in the company's brands, stating, "HOKA and UGG outperformed our first quarter expectations, with robust growth delivering solid results to begin fiscal year 2026." The strong results and positive outlook have clearly resonated with investors, driving the significant pre-market stock price increase.
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