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EarningsQ1 2027 Earnings Report
DECK Q1 2027 EPS Results
Actual EPS$0.94
Consensus EPS$0.88
Beat/MissBeat by +$0.06
One Year Ago EPS$0.93
DECK Q1 2027 Revenue Results
Actual Revenue$1.02B
Expected Revenue$1.02B
Beat/MissBeat by +$1.77M
YoY Revenue Growth+5.79%
Earnings Announcement Details
QuarterQ1 2027
Date07/23/2026
TimeAfter Close
Conference CallThursday, July 23, 2026
DECK Upcoming Earnings
Deckers Outdoor's next earnings date is estimated for October 22, 2026, based on past reporting schedules.
Q1 2027 Earnings Call Audio
DECK Q1 2027 Earnings Call
0:00 / 0:00
Q1 2027 Earnings Slide Deck
No slide deck is available for this earnings event.
Q1 2027 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational and financial execution: double-digit DTC growth, HOKA and UGG momentum, a Q1 gross margin beat and an EPS beat, alongside disciplined inventory and significant share repurchases. Near-term headwinds include higher tariffs (both realized in Q1 and a raised forward assumption), rising SG&A investments, and planned timing shifts that compress first-half wholesale results and pressure Q2 margins. Management raised full-year margin and EPS guidance and emphasized confidence in H2 acceleration driven by HOKA and international wholesale, indicating that company strengths and growth drivers outweigh current headwinds.Company Guidance
Record Quarterly Revenue Above $1 Billion
Total company revenue of $1.02 billion in Q1, up 5.7% versus prior year — the first time Deckers delivered over $1 billion in a first quarter.
Strong Direct-to-Consumer (DTC) Performance
Total company DTC increased 13% year-over-year. HOKA DTC grew 17% and UGG DTC grew 6%, driving higher-margin channel mix and supporting gross margin expansion.
Brand-Level Momentum — HOKA
HOKA revenue of $704 million, up 8% YoY. Broad-based demand across road, trail and lifestyle, successful new launches (e.g., Clifton Pro, Clifton 11, Speedgoat 7) and strong wholesale sell-through in the U.S.; global DTC and international regions showed robust growth.
Brand-Level Momentum — UGG
UGG revenue of $278 million, up 5% YoY. Balanced growth across DTC (+6%) and wholesale (+5%), with progress in 365 and men's initiatives and favorable product mix (sneakers, sandals, apparel) contributing to higher gross margins.
Gross Margin Improvement
Q1 gross margin 56.4%, up 60 basis points versus 55.8% last year. Management attributes the improvement to favorable channel mix (DTC vs. wholesale), product mix, strong full-price selling, better closeout management and FX.
EPS Beat and Strong Cash Position
Diluted EPS of $0.94 in Q1 (vs. $0.93 prior year) modestly above expectations. Cash and equivalents of $1.6 billion and no outstanding borrowings at quarter end.
Aggressive Share Repurchase Activity
Repurchased approximately $338 million of shares in Q1 at an average price of $103.79; approximately $4.7 billion remains available under the repurchase authorization.
Inventory Discipline and Cleaner Channels
Inventory of $808 million, down 5% versus prior year, with management highlighting tighter inventory, scarcity strategy and high levels of full-price business to preserve brand heat and pricing integrity.
Raised Full-Year Margin and EPS Outlook
Updated FY27 outlook: revenue $5.86B–$5.91B (high single-digit growth); gross margin now expected slightly better than 56.5%; operating margin slightly better than 21.5%; diluted EPS increased to $7.35–$7.50 (a $0.05 raise).
DECK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed