Deckers Outdoor Corporation's stock surged 12.74% in pre-market trading Friday. The significant upward movement followed the company's release of its third-quarter fiscal 2026 financial results after the previous trading session.
The footwear and apparel maker reported quarterly earnings per share of $3.33, substantially beating the FactSet consensus estimate of $2.77. Quarterly revenue reached $1.96 billion, also surpassing estimates of approximately $1.87 billion. The strong performance was driven by robust global demand for its HOKA and UGG brands, with HOKA sales jumping 19% and UGG sales rising 4.9% during the quarter.
Furthermore, Deckers Outdoor raised its full-year guidance, now expecting earnings per share in the range of $6.80 to $6.85, up from its previous projection of $6.30 to $6.39. The company also increased its annual sales forecast to between $5.40 billion and $5.43 billion. This optimistic outlook, coupled with positive analyst reactions including target price increases, fueled the pre-market rally.