Deckers Outdoor Q2 revenue misses estimates despite higher Hoka, Ugg sales
DECK•Deckers’ fiscal Q2 revenue rose 3.5% to $1.48 billion, below the $1.51 billion estimate, while adjusted EPS of $2.31 beat the $1.79 estimate. The company raised its fiscal 2027 diluted EPS outlook to $7.80-$7.95.
1. Quarterly results
Deckers Outdoor Corporation reported fiscal Q2 revenue of $1.48 billion, up 3.5% but below analyst expectations of $1.51 billion. Adjusted EPS rose 27% to $2.31, topping the $1.79 estimate; tariff refunds boosted gross margin and EPS by reducing cost of sales.
2. Brand and channel trends
Higher sales from HOKA and UGG offset declines in other brands. Wholesale growth offset declines in the direct-to-consumer channel. Gross margin was 60.50%, and Deckers repurchased $299 million of shares during the quarter.
3. Fiscal 2027 outlook
Deckers expects net sales of $5.7 billion to $5.725 billion and gross margin of about 58.5% for fiscal 2027. It raised its diluted EPS guidance to $7.80-$7.95.
