Brand-wise, Hoka continued to outperform, with net sales surging 18.5 per cent to $628.9 million, reflecting strong full-price selling and international momentum. UGG posted a 4.9 per cent increase in net sales to $1.31 billion, supported by healthy demand across key markets. Sales from other brands declined sharply due to the phase-out of Koolaburra standalone operations.
Deckers Brands has posted record Q3 FY26 results, with net sales up 7.1 per cent to $1.96 billion and diluted EPS rising 11 per cent to $3.33, driven by strong demand for Hoka and UGG.
Hoka sales surged 18.5 per cent, while international revenue grew 15 per cent.
The company raised FY26 guidance and expects share buybacks to exceed $1 billion.
Across channels, direct-to-consumer (DTC) sales rose 8.1 per cent to $1.09 billion, with comparable DTC sales up 7.3 per cent, while wholesale revenue increased 6 per cent to $864.6 million. Geographically, international markets delivered standout growth of 15 per cent, significantly outpacing domestic growth of 2.7 per cent, Deckers Brands said in a press release.
Deckers also strengthened shareholder returns during the quarter, repurchasing 3.8 million shares for $348.5 million. For the first nine months (9M) of FY26, total share buybacks reached $813.5 million, and the company now expects full fiscal repurchases to exceed $1 billion.
Deckers ended the quarter with $2.09 billion in cash and no outstanding borrowings, reinforcing its solid balance sheet as it heads into the final quarter of FY26.
“Deckers produced record revenue and earnings per share in the third quarter. Our strategic marketplace management fuelled balanced growth in DTC and wholesale, inclusive of continued international momentum as well as healthy growth in the US across both channels. We are on track to deliver another incredible year, with profitable growth at two premium and differentiated brands that operate in expanding segments of the global marketplace,” said Stefano Caroti, president and chief executive officer (CEO) of Deckers Brands.
Reflecting the strong performance, Deckers raised its FY26 outlook. Net sales are now expected to range between $5.4 billion and $5.43 billion. Hoka revenue is forecast to grow at a mid-teens rate, while UGG revenue is expected to increase by a mid-single-digit percentage. Diluted EPS guidance has been lifted to a range of $6.8 to $6.85.
Fibre2Fashion News Desk (SG)
