🔹 Net Sales: $964.5 M (Est. $900.31 M) 🟢; UP +16.9% YoY
🔹 EPS: $0.93 (Est. $0.68) 🟢; UP +24% YoY
🔹 Net Income: $139.2 M; —
🔹 Gross Profit: $537.9 M; Gross Margin: 55.8% (vs. 56.9% YoY)
Q2’26 Guidance
🔹 Net Sales: $1.38 B – $1.42 B (Est. $1.51 B) 😐
🔹 EPS: $1.50 – $1.55 (Est. $1.40) 🟢
Q1 Segment / Brand Results
🔹 HOKA® Net Sales: $653.1 M; UP +19.8% YoY
🔹 UGG® Net Sales: $265.1 M; UP +18.9% YoY
🔹 Other Brands Net Sales: $46.3 M; DOWN –19.0% YoY
Channel Performance
🔹 Wholesale Net Sales: $652.4 M; UP +26.7% YoY
🔹 DTC Net Sales: $312.2 M; UP +0.5% YoY (Comp. Sales DOWN –2.2% YoY)
Geographic Performance
🔹 Domestic Net Sales: $501.3 M; DOWN –2.8% YoY
🔹 International Net Sales: $463.3 M; UP +49.7% YoY
Other Metrics
🔹 Operating Income: $165.3 M; UP +24.5% YoY
🔹 Pre‑Tax Profit: $183.1 M
🔹 SG&A Expenses: $372.6 M; UP +10.5% YoY
CEO Commentary
🔸 “HOKA and UGG outperformed our first quarter expectations, with robust growth delivering solid results to begin fiscal year 2026.”
🔸 “Though uncertainty remains elevated in the global trade environment, our confidence in our brands has not changed, and the long‑term opportunities ahead are significant. We will lean on the fundamental strengths of our powerful operating model as we continue executing our strategy.”
