Deckers Brands is scheduled to report fiscal fourth-quarter 2026 results after the close on May 21, with analysts expecting total revenue near $1.09 billion. In the prior quarter ended December 2025, HOKA delivered record net sales of $628.9 million, up 18.5 percent year-over-year, prompting management to raise full-year HOKA guidance to mid-teens growth and project 13–14 percent expansion for the final quarter—the brand’s largest quarterly revenue on record. This outlook reflects sustained momentum in both direct-to-consumer and wholesale channels, international expansion, and continued U.S. market-share gains, though partially offset by a roughly 200-basis-point gross-margin headwind tied to tariff pressures. Traders are therefore focused on whether actual HOKA revenue exceeds the implied threshold embedded in current guidance, with any beat or miss likely to influence near-term share-price reaction and full-year consensus estimates.