Deckers Outdoor Corp reported first-quarter revenue of $1.02 billion, the first time quarterly sales have crossed the billion-dollar mark, up 5.7% year-over-year. HOKA brand revenue rose 8% to $704 million, while UGG revenue increased 5% to $278 million. Gross margin expanded 60 basis points to 56.4%, and diluted earnings per share edged up to $0.94 from $0.93 a year earlier. The company raised its fiscal 2027 revenue guidance to a range of $5.86 billion to $5.91 billion, implying high single-digit growth, and expects gross margin slightly above 56.5% with diluted EPS of $7.35 to $7.50. Direct-to-consumer channel sales grew 13%, and the company repurchased approximately $338 million of its shares during the quarter.
Deckers Outdoor CorporationRecord quarterly revenue, raised full-year guidance, and strong earnings beat.