Deckers Brands (DECK) official guidance

Effective tax rate is still expected to be approximately 23%.

Our effective tax rate is still projected to be approximately 23%, and we now expect diluted earnings per share in the range of $7.35-$7.50, which represents a $0.05 increase due to our increased gross margin expectations on the year.

•Effective tax rate is still expected to be approximately 23%.

We are projecting an effective tax rate of approximately 23%.

Effective tax rate is expected to be approximately 23%.

Diluted earnings per share is now expected to be in the range of $7.80 to $7.95.

Our effective tax rate is still projected to be approximately 23%, and we now expect diluted earnings per share in the range of $7.35-$7.50, which represents a $0.05 increase due to our increased gross margin expectations on the year.

•Diluted earnings per share is now expected to be in the range of $7.35 to $7.50, reflecting an increase of five cents versus the prior outlook.

This all results in an expected diluted earnings per share in the range of $7.30-$7.45, which includes an expectation to repurchase an amount equivalent to at least 80% of our free cash flow.

Diluted earnings per share is expected to be in the range of $7.30 to $7.45.

Gross margin is now expected to be approximately 58.5%.

We have increased our gross margin expectation to now be slightly better than 56.5%, reflecting the first quarter outperformance, while also updating our go-forward tariff rate assumption to 12.5% from the prior 10%.

•Gross margin is now expected to be slightly better than 56.5%.

Gross margin is expected to be approximately 56.5%, which is down versus last year, primarily due to higher freight costs from rising transportation costs and shipping disruption related to the ongoing Middle East conflict, and increased input costs related to material upgrades and inflationary pressures.

Gross margin is expected to be approximately 56.5%.

SG&A expenses as a percentage of net sales are now expected to be approximately 35.5%.

SG&A is still expected to be approximately 35% of revenue as we remain committed to investing in our key growth initiatives.

◦SG&A expenses as a percentage of net sales are still expected to be approximately 35%.

SG&A is expected to be approximately 35% of revenue as we reinforce our foundation and support key growth initiatives.

SG&A expenses as a percentage of net sales are expected to be approximately 35%.

Operating margin is now expected to be approximately 23%.

With these updates, operating margin is now expected to be slightly better than 21.5%, reflecting an increase from our prior outlook as we flow through a higher expected gross margin.

•Operating margin is now expected to be slightly better than 21.5%.

We expect an operating margin of approximately 21.5%, reflecting our commitment to deliver top-tier levels of profitability while continuing to invest in the long-term growth of our brands.

Operating margin is expected to be approximately 21.5%.

Net consolidated sales are now expected to be in the range of $5.700 billion to $5.725 billion.

Moving into our updated outlook for fiscal year 2027, we still expect total company revenue in the range of $5.86 billion-$5.91 billion, reflecting high single-digit growth versus the prior year.

•Net consolidated sales are still expected to be in the range of $5.86 billion to $5.91 billion.

For the full fiscal year 2027, we expect revenue in the range of $5.86 billion-$5.91 billion, reflecting high single-digit growth versus the prior year, with HOKA increasing low double digits versus the prior year, reflecting a higher DTC growth rate relative to wholesale, and UGG increasing mid-single digits with balanced growth across channels.

Net consolidated sales are expected to be in the range of $5.86 billion to $5.91 billion.

HOKA is now expected to increase by a high-single-digit percentage versus last year.

HOKA is still expected to increase low double digits, and UGG is still expected to increase mid-single digits.

◦HOKA is still expected to increase by a low-double-digit percentage versus last year.

For the full fiscal year 2027, we expect revenue in the range of $5.86 billion-$5.91 billion, reflecting high single-digit growth versus the prior year, with HOKA increasing low double digits versus the prior year, reflecting a higher DTC growth rate relative to wholesale, and UGG increasing mid-single digits with balanced growth across channels.

HOKA is expected to increase by a low-double-digit percentage versus last year.

UGG is now expected to increase by a low-single-digit percentage versus last year.

HOKA is still expected to increase low double digits, and UGG is still expected to increase mid-single digits.

◦UGG is still expected to increase by a mid-single-digit percentage versus last year.

For the full fiscal year 2027, we expect revenue in the range of $5.86 billion-$5.91 billion, reflecting high single-digit growth versus the prior year, with HOKA increasing low double digits versus the prior year, reflecting a higher DTC growth rate relative to wholesale, and UGG increasing mid-single digits with balanced growth across channels.

UGG is expected to increase by a mid-single-digit percentage versus last year.

Yes, we're anticipating growth for UGG in FY 2027.

The earnings per share guidance assumes the repurchase of shares with a value equal to $1.0 billion.