Deckers Brands saw a 7.1% increase in Q3 net sales, with a rise in diluted earnings per share from $3.00 to $3.33. HOKA brand revenue grew by 18.5%, UGG brand sales rose by 4.9%, but other brand sales dropped by 55.5%. Wholesale net sales went up by 6%, DTC net sales by 8.1%, and international sales by 15%. Gross margin decreased slightly to 59.8%, while operating income improved to $614.4m. The company repurchased around 3.8m shares for $348.5m in the quarter and provided a financial outlook for FY2026. CEO Stefano Caroti attributed the positive results to strategic initiatives and marketplace management, highlighting growth in both HOKA and UGG brands. CFO Steven J. Fasching emphasized the importance of balancing wholesale and DTC channels for sustainable growth. Looking ahead, challenges like macroeconomic conditions were acknowledged, but the company expressed confidence in maintaining momentum through pricing strategies. Expected figures for FY2026 include an operating margin of 22.5% and diluted earnings per share between $6.80 and $6.85. Deckers Brands aims to exceed $1bn in share repurchases by the end of the fiscal year as part of their capital return strategy to enhance shareholder value amidst challenging economic landscapes globally.

Read more at Yahoo Finance: Deckers Brands reports 7.1% increase in Q3 net sales