Deckers Outdoor Corp

DECK: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Deckers Earnings: Standout Results Demonstrate Power of Its Two Key Brands; Shares Attractive

David Swartz

May 22, 2026

Deckers' fiscal 2026 fourth-quarter sales grew 10% on increases of 15% and 9% for Hoka (60% of sales) and Ugg (37%), respectively. Its gross margin rose 90 basis points (to 57.6%) despite negative tariff impact, but its operating margin declined 3 percentage points on higher marketing spending.

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Deckers Outdoor Corp

Deckers Earnings: Standout Results Demonstrate Power of Its Two Key Brands; Shares Attractive

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