Deckers Outdoor Corp

DECK: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Deckers Earnings: Profitability Shines Despite Competitive Pressure; Shares Attractive

David Swartz

Oct 23, 2026

Deckers' fiscal 2027 sales grew 3.5% due to increases of 6.8% and 3.5% for Hoka (46% of sales) and Ugg (53%), respectively. Including a 310-basis-point tariff refund benefit, gross margin rose 430 basis points (to 60.5%), and operating margin rose 350 basis points (to 26.3%).

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Deckers Outdoor Corp

Deckers Earnings: Profitability Shines Despite Competitive Pressure; Shares Attractive

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