Deckers Outdoor Corporation's stock surged 11.82% in after-hours trading on Thursday. The significant upward movement followed the company's release of its third-quarter fiscal 2026 financial results, which substantially exceeded analyst expectations.
The footwear and apparel maker reported quarterly earnings per share of $3.33, beating the consensus estimate of $2.80. Quarterly revenue reached $1.96 billion, also surpassing estimates of $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. The company also increased its annual sales forecast to between $5.40 billion and $5.43 billion. This optimistic outlook, coupled with the announcement that share repurchases for the year are expected to exceed $1.0 billion, fueled investor optimism and drove the stock's sharp gains.