Q1 2026 Deckers Outdoor Corp Earnings Call Transcript
Key Points
- Deckers Outdoor Corp (DECK) reported a strong start to fiscal year 2026, with revenue growing 17% year-over-year to $965 million.
- HOKA brand delivered its largest quarter in history, with global revenue increasing 20% to $653 million, driven by strong international growth.
- UGG brand also saw significant growth, with global revenue increasing 19% to $265 million, supported by strong wholesale performance.
- International markets contributed to a 50% increase in revenue, showcasing the global appeal and demand for DECK's brands.
- The company maintained a high degree of full-price integrity, indicating strong brand positioning and consumer demand.
- Gross margin decreased by 110 basis points to 55.8%, impacted by unfavorable channel mix and increased promotional activity.
- The US market faced challenges, with ongoing pressure in the online channel and a choppy consumer environment.
- Higher freight rates and increased tariffs are expected to continue impacting gross margins throughout fiscal year 2026.
- Inventory levels increased by 13% year-over-year, which could pose a risk if consumer demand fluctuates.
- The company is not providing a formal outlook for fiscal year 2026 due to macroeconomic uncertainties, including global trade policy and consumer behavior.
Good afternoon, and thank you for standing by. Welcome to the Deckers Brands first-quarter fiscal 2026 earnings conference call. (Operator Instructions) I would like to remind everyone that this conference call is being recorded.
I'll now turn the call over to Erinn Kohler, VP, Investor Relations and Corporate Planning.
Hello, and thank you, everyone, for joining us today. On the call is Stefano Caroti, President and Chief Executive Officer; and Steve Fasching, Chief Financial Officer.
Before we begin, I would like to remind everyone of the company's Safe Harbor policy. Please note that certain statements made on this call are forward-looking statements within the meaning of the federal securities laws, which are subject to considerable risks and uncertainties. These forward-looking statements are intended to qualify for the Safe Harbor from liability established by the Private Securities Litigation Reform Act of 1995.
All statements made
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