Deckers Brands reported record second-quarter revenue of $1.48 billion for fiscal year 2027, driven by strong performances from its Hoka and Ugg brands. The company raised its full-year diluted EPS guidance to a range of $7.80–$7.95, reflecting a $0.52 benefit from IEEPA tariff net refunds. CEO Stefano Caroti emphasized disciplined marketplace management and expense control as key drivers of earnings above expectations.
The company also repurchased $299 million in shares during the quarter, bringing total first-half buybacks to $637 million. Gross margin improved to 60.5% from 56.2% in the prior year, aided by a 310-basis-point benefit from tariff refunds. International sales grew 9.0% to $644.7 million, while domestic sales edged down 0.4%.
Hoka brand sales rose 6.8% to $677.2 million, and Ugg sales increased 3.5% to $786.4 million. Other brands saw a 54.3% decline, largely due to the phase-out of Koolaburra standalone operations. Deckers ended the quarter with $1.21 billion in cash and no outstanding borrowings.
Source: Wall Street Journal US Business · Summarized by HeadlinesBriefing