Deckers Racks Up Record Revenue in Q3 as ‘Significant Global Demand’ for Ugg and Hoka Continues

Core Insights - Deckers Brands' shares increased over 10% following the release of its Q3 fiscal 2026 earnings report, which showed strong financial performance [1] Financial Performance - Net sales for Q3 fiscal 2026 rose 7.1% to $1.96 billion, up from $1.83 billion in the same quarter last year [1] - Net income for Q3 was $481.15 million, or $3.33 per diluted share, compared to $456.73 million, or $3.00 per diluted share, in the prior year [1] Analyst Expectations - The reported results exceeded analysts' expectations, which forecasted net sales between $1.85 billion and $1.9 billion and diluted earnings per share between $2.67 and $2.88 [2] Brand Performance - Ugg brand net sales reached $1.31 billion, a 4.9% increase from $1.24 billion year-over-year [2] - Hoka brand net sales increased 18.5% to $628.9 million, up from $530.9 million in Q3 of the previous year [2] Other Brands Division - The "Other" brands division, including Teva and Ahnu, experienced a significant decline in net sales, dropping 55.5% to $23.2 million from $52.1 million [3] Sales Channels - Wholesale net sales increased 6% to $864.6 million compared to $815.8 million [4] - Direct-to-consumer channel net sales rose 8.1% to $1.09 billion from $1.01 billion year-over-year [4] Regional Performance - Domestic net sales increased 2.7% to $1.2 billion compared to $1.17 billion in Q3 2025 [4] - International net sales surged 15% to $756.7 million from $657.9 million [4] Strategic Insights - The CEO highlighted record revenue and earnings per share driven by strong global demand for Ugg and Hoka [5] - The company emphasized balanced growth in both direct-to-consumer and wholesale channels, with continued international momentum [6] Future Guidance - Deckers raised its full fiscal year 2026 guidance, expecting net sales between $5.4 billion and $5.43 billion, and diluted earnings per share between $6.80 and $6.85 [6]