Deckers Outdoor Corp

DECK: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Deckers Brands Earnings: International and Wholesale Power Outperformance; Shares Attractive

David Swartz

Oct 24, 2025

Led by 11% and 10% sales growth for Hoka (44% of total) and Ugg (53%), respectively, Deckers had 9% sales growth in second-quarter fiscal 2026. Its gross margin rose 30 basis points to 56.2% despite higher tariffs, but its operating margin slid 50 basis points to 22.8% on increased marketing.

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Deckers Outdoor Corp

Deckers Brands Earnings: International and Wholesale Power Outperformance; Shares Attractive

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