Deckers(US:DECK)2025-10-23 20:10Financial Performance - Second quarter fiscal 2026 revenue increased 9% to $1.43 billion compared to $1.31 billion, with a constant currency increase of 8.3%[6] - HOKA brand net sales rose 11.1% to $634.1 million, while UGG brand net sales increased 10.1% to $759.6 million[7] - Gross margin improved to 56.2% from 55.9%, and diluted earnings per share increased 14% to $1.82[6] - Full fiscal year 2026 net sales are expected to be approximately $5.35 billion, with HOKA projected to grow by a low-teens percentage and UGG by a low-to-mid-single-digit percentage[12] - Operating margin is projected to be approximately 21.5% for the full fiscal year 2026[12] Shareholder Actions - The company repurchased approximately 2.6 million shares for $282 million at an average price of $109.31 per share, with $2.2 billion remaining under its stock repurchase authorization[8] Expenses and Cash Flow - SG&A expenses as a percentage of net sales are expected to be approximately 34.5%[12] - Cash and cash equivalents increased to $1.414 billion from $1.226 billion year-over-year[7] - Inventories rose to $835.6 million compared to $777.9 million from the previous year[7] - The company had no outstanding borrowings as of September 30, 2025[7]