Deckers Outdoor (DECK) Jumps 19% W/W as Ugg, Hoka Boost Profits

We recently published Millionaire Makers: 10 Stocks That Paid Off Big Last Week.  Deckers Outdoor Corporation (NYSE:DECK) was one of the top performers last week.

Deckers Outdoor grew its share prices by 19.36 percent week-on-week, bolstered by a strong earnings performance, thanks to its brands Ugg and Hoka.

In an earnings call, Deckers Outdoor Corporation (NYSE:DECK) said that it grew its net income for the third quarter of fiscal year 2026 by 5.3 percent to $481 million from $456.7 million in the same period last year, while net sales grew by 7.1 percent to $1.96 billion from $1.83 billion year-on-year.

Ugg contributed the bulk of the revenues at $1.3 billion, up 4.9 percent from $1.24 billion in the same comparable period, while net sales from Hoka rose by 18.5 percent to $628.9 million from $530.9 million.

Meanwhile, sales from other brands decreased by 55.5 percent to $23.2 million from $52.1 million.

Following the results, Deckers Outdoor Corporation (NYSE:DECK) raised its growth outlook for the full fiscal year, with net sales now expected to be in the range of $5.4 billion to $5.425 billion, versus $5.35 billion previously.

Outlook for diluted earnings per share was also lifted to $6.80 to $6.85, from $6.30 to $6.39 previously.

“UGG and HOKA each delivered high levels of full-price selling, resulting in strong gross margins. We are on track to deliver another incredible year, with profitable growth at two premium and differentiated brands that operate in expanding segments of the global marketplace,” Deckers Outdoor Corp. (NYSE:DECK) President and CEO Stefano Caroti said.

While we acknowledge the potential of DECK as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.