Textiles, Apparel & Luxury Goods
Price
$104.69
+4.35%Market Cap
$14.54B
Day High
$106.20
Day Low
$101.86
Deckers Outdoor Corporation delivered a strong fiscal year 2026 with revenue growing 9.8% to $5.47B, net income rising 6.0% to $1.02B, and operating cash flow surging 13.2% to $1.18B, while aggressively returning capital to shareholders via $1.08B in share buybacks.
Key risk: Operating Leverage Risk from Rising SG&A and R&D
SG&A and R&D expenses are growing faster than revenue, with SG&A up 11.0% and R&D up 21.6% versus revenue growth of 9.8%. If revenue growth decelerates, the company may face meaningful margin pressure given its elevated fixed cost base. Operating margin has already compressed by ~57 basis points year-over-year to 23.08%.