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Deckers Brands Posts 17% Q1 Revenue Rise; Powers Plans Retirement

International sales jumped 49.7% in Q1 under targeted price increases designed to counter tariff headwinds.

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Overview

  • Deckers reported Q1 FY2026 net sales of $964.5 million, up 16.9% year-over-year, and net income of $139.2 million, or $0.93 per diluted share.
  • Hoka net sales grew 19.8% to $653.1 million and Ugg sales rose 18.9% to $265.1 million while the Other brands division fell 19%.
  • International revenue soared 49.7% to $463.3 million as domestic sales declined 2.8% to $501.3 million.
  • The company issued Q2 guidance for net sales of $1.38–1.42 billion and diluted EPS of $1.50–1.55.
  • Former CEO Dave Powers will retire and leave the board as CEO Stefano Caroti continues executing the company’s strategy.