Deckers Increases Share Buyback by $3.5B After Q4 Revenue Jumps 9.6%
DECK•Deckers Brands delivered Q4 revenue of $1.12B, up 9.6% year-over-year, and diluted EPS of $0.96, beating analyst forecasts of $1.07-1.11B and $0.73-0.94. Hoka set a quarterly record with $671.2M (+14.5%) and UGG revenue rose 9.2% to $408.6M, while direct-to-consumer sales advanced 13.2%.
1. Q4 Financial Results
Deckers delivered Q4 revenue of $1.12 billion, up 9.6% year-over-year, topping estimates of $1.07–$1.11 billion and generating diluted EPS of $0.96 versus $1.00 last year, exceeding the $0.73–$0.94 forecast range.
2. Brand Performance
Hoka set a quarterly record with $671.2 million in revenue, up 14.5%, driven by new product launches, expanded direct-to-consumer channels and strengthened domestic positioning. UGG revenue grew 9.2% to $408.6 million, while other brands declined 35.6% to $39.5 million following the Koolaburra wind-down and Sanuk divestiture.
3. Geographic and Channel Growth
International revenue surged 25.5% to $469.5 million, while U.S. sales held at $649.8 million. Direct-to-consumer channels outpaced wholesale, with DTC revenue rising 13.2% to $464.4 million compared to a 7.1% gain in wholesale.
4. Fiscal 2027 Outlook and Buyback
For fiscal 2027, Deckers projects consolidated revenue of $5.86–$5.91 billion and diluted EPS of $7.30–$7.45, forecasting low-double-digit growth for Hoka and mid-single-digit gains for UGG. The board approved a $3.5 billion increase in share repurchase authorization, bringing total authorization to about $5 billion.
