Deckers Outdoor stock: Tariff refunds lift fiscal 2027 EPS outlook

Deckers Brands raised its fiscal 2027 diluted earnings outlook after reporting second-quarter results on October 22, 2026. The company said the quarter benefited from IEEPA tariff refunds, while HOKA and UGG continued to post sales growth.

Deckers Outdoor stock traded at 79.71 euros on Lang & Schwarz at 11:00 p.m. CET on Wednesday, November 11.

Refunds lift the earnings outlook

Second-quarter net sales rose 3.5 percent to 1.481 billion US dollars, according to the Deckers Brands release. HOKA sales increased 6.8 percent to 677.2 million US dollars, while diluted earnings per share reached 2.31 US dollars, including a 0.28 US dollar benefit from tariff refunds.

Deckers now expects fiscal 2027 diluted earnings per share of 7.80 to 7.95 US dollars. The outlook includes an estimated 0.52 US dollar benefit from tariff refunds received through October 8 and assumes no further collections. Full-year net sales are expected between 5.700 billion and 5.725 billion US dollars.

Holiday demand is the next test

The updated outlook calls for HOKA growth in the high-single-digit range and UGG growth in the low-single-digit range. The December quarter is particularly important because UGG generates much of its direct-to-consumer sales during the late-November to mid-February period.

The broader US equity backdrop is covered in the S&P 500 market report.

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