Deckers二季度营收14.81亿美元增3.5% 每股收益2.31美元 HOKA增幅预期下调 全年营收展望降至57亿美元区间
戈利塔——旗下拥有 HOKA 与 UGG 的鞋服集团 Deckers Outdoor（纽交所：DECK）10月22日盘后发布2027财年二季度（截至2026年9月30日）业绩。据公司官方业绩稿，该季度净销售额14.81亿美元，同比增长3.5%，按固定汇率计算增长2.8%；净利润3.131亿美元，摊薄每股收益2.31美元，上年同期为1.82美元；毛利率60.5%，上年同期为56.2%；营业利润3.895亿美元，上年同期为3.265亿美元。
分品牌看，HOKA 净销售额增长6.8%至6.772亿美元，UGG 增长3.5%至7.864亿美元，其他品牌因 Koolaburra 品牌退出下降54.3%至1,700万美元。渠道方面，批发净销售额增长5.5%至10.93亿美元，直面消费者（DTC）净销售额下降1.8%至3.875亿美元（可比口径下降6.4%）；美国市场下降0.4%至8.358亿美元，国际市场增长9.0%至6.447亿美元。季末现金及现金等价物12.10亿美元，上年同期为14.14亿美元；季内公司回购约320万股普通股，金额2.993亿美元。
本季业绩包含与 IEEPA 关税净退款4,600万美元、利息300万美元相关的收益，约使毛利率提高310个基点、每股收益（税后）增加约0.28美元，剔除后每股收益约2.03美元。公司同时更新2027财年全年展望：净销售额由约58.6亿至59.1亿美元下调至约57.00亿至57.25亿美元，摊薄每股收益展望由7.35至7.50美元上调至7.80至7.95美元（含约0.52美元的关税退款收益）；其中 HOKA 全年销售增幅预期由低双位数下调为高个位数，UGG 则由中个位数下调为低个位数。据路透社等媒体报道，该季营收低于市场预期的15.1亿美元，盘后股价下跌约8%。
首席执行官 Stefano Caroti 在业绩稿中表示：「Deckers 在二季度交出又一份稳健业绩，HOKA 与 UGG 均实现增长、毛利率超预期，驱动每股收益超过上年同期30%以上。我们在美国市场面临一定逆风，但国际市场仍在以双位数增长；同时，我们主动重塑投资组合、押注最具潜力的机遇。展望未来，我们最强大的品牌正为长期增长做好准备，我们对旗下品牌的长期潜力充满信心。」
Deckers Q2 Sales Rise 3.5% to $1.48 Billion; EPS $2.31; HOKA Outlook Cut as Full-Year Sales Guidance Lowered to About $5.7 Billion
GOLETA — Deckers Outdoor (NYSE: DECK), owner of HOKA and UGG, reported fiscal 2027 second-quarter results (for the quarter ended September 30, 2026) after the close on October 22. According to the company's official earnings release, net sales rose 3.5% to $1.481 billion (up 2.8% in constant currency). Net income was $313.1 million, or $2.31 per diluted share, versus $1.82 a year earlier. Gross margin was 60.5%, versus 56.2% a year earlier; operating income was $389.5 million, versus $326.5 million.
By brand, HOKA net sales rose 6.8% to $677.2 million and UGG rose 3.5% to $786.4 million, while other brands fell 54.3% to $17.0 million on the Koolaburra wind-down. Wholesale net sales rose 5.5% to $1.093 billion; direct-to-consumer net sales fell 1.8% to $387.5 million (comparable DTC down 6.4%). Domestic sales fell 0.4% to $835.8 million; international sales rose 9.0% to $644.7 million. Cash and cash equivalents ended the quarter at $1.210 billion, versus $1.414 billion a year earlier; the company repurchased about 3.2 million shares for $299.3 million during the quarter.
Results included a benefit from IEEPA tariff refunds of $46.0 million plus $3.0 million of interest, lifting gross margin by about 310 basis points and adding about $0.28 per share after tax; excluding it, EPS was about $2.03. The company updated its fiscal 2027 outlook, cutting net sales guidance from $5.86–$5.91 billion to about $5.700–$5.725 billion while raising diluted EPS guidance from $7.35–$7.50 to $7.80–$7.95 (including about $0.52 of tariff-refund benefit); HOKA's full-year growth expectation was cut from a low-double-digit percentage to a high single-digit percentage and UGG's from a mid-single-digit percentage to a low single-digit percentage. Reuters and other outlets reported that quarterly revenue missed the $1.51 billion analyst consensus and that the stock fell about 8% after hours.
CEO Stefano Caroti said in the release: "Deckers delivered another strong performance in the second quarter, with HOKA and UGG growing, margins exceeding expectations, and EPS up more than 30% over the prior year. While we face some headwinds in the U.S., international markets continue to grow at double-digit rates, and we are actively reshaping our portfolio to invest behind our most promising opportunities. Looking ahead, our strongest brands are positioned for long-term growth, and we remain confident in their long-term potential."
来源：GSM·美国（原文链接）
图片来源：图：纽约市HOKA熨斗区门店。照片：Nielsoncaetanosalmeron，CC BY 4.0，经Wikimedia Commons。Photo: The HOKA Flatiron store in New York City. Photo: Nielsoncaetanosalmeron, CC BY 4.0, via Wikimedia Commons.
