Deckers(DECK) - 2026 Q3 - Quarterly Results

Financial Performance - Third Quarter FY 2026 revenue increased 7% to a record $1.96 billion compared to $1.83 billion in the same period last year[7] - Diluted EPS for the third quarter FY 2026 increased 11% to a record $3.33 compared to $3.00 in the prior year[7] - HOKA brand net sales increased 18.5% to $628.9 million, while UGG brand net sales increased 4.9% to $1.305 billion[8] - Domestic net sales increased 2.7% to $1.201 billion, and international net sales increased 15.0% to $756.7 million[8] - FY 2026 diluted EPS guidance raised to a range of $6.80 to $6.85, reflecting the impact of expected share repurchases[15] - FY 2026 HOKA revenue guidance raised to a mid-teens percentage increase, while UGG revenue guidance raised to a mid-single-digit percentage increase[7] Expenses and Margins - Gross margin for the third quarter FY 2026 was 59.8%, slightly down from 60.3% in the previous year[8] - SG&A expenses for the third quarter FY 2026 were $557.0 million, compared to $535.3 million in the same period last year[8] Share Repurchase - The company repurchased approximately 3.8 million shares for a total of $348.5 million during the third quarter[10] Sales Forecast - Full fiscal year 2026 net sales are now expected to be in the range of $5.400 billion to $5.425 billion[15] Assets and Liabilities - Total assets increased to $4,102,150, up from $3,570,252, representing a growth of approximately 14.8%[26] - Total current assets rose to $3,282,390, compared to $2,860,475, reflecting an increase of about 14.7%[26] - Cash and cash equivalents reached $2,086,746, an increase from $1,889,188, showing a growth of approximately 10.4%[26] - Trade accounts receivable increased to $344,325 from $332,872, a rise of about 3.4%[26] - Inventories grew to $633,485, up from $495,226, indicating a significant increase of approximately 27.9%[26] - Total liabilities increased to $1,492,696, up from $1,057,239, representing a growth of around 41.1%[26] - Total stockholders' equity rose to $2,609,454 from $2,513,013, reflecting an increase of about 3.8%[26] - Current liabilities increased to $1,149,443, compared to $769,941, indicating a rise of approximately 49.2%[26] - Long-term operating lease liabilities increased to $266,111 from $222,522, a growth of about 19.6%[26] - Other long-term liabilities rose to $77,142 from $64,776, reflecting an increase of approximately 19.0%[26]