Investing.com — stock is sliding 3.4% in pre-open trading to reach $93, extending a sharp post-earnings selloff that began the prior evening after the company reported fiscal first-quarter 2027 results. The headline numbers were mixed: adjusted EPS of $0.94 beat the $0.87 analyst consensus, and revenue of $1.02 billion matched estimates while marking the first time in company history that quarterly sales exceeded $1 billion — yet the market’s reaction turned decidedly negative once investors looked past the top-line milestones.
The core concern was the full-year outlook. Management guided FY2027 EPS to a range of $7.35–$7.50, falling short of the Street’s $7.50 consensus, while revenue guidance of $5.86B–$5.91B also came in at the low end of expectations. Compounding the disappointment, net income actually declined 6.6% year-over-year to $130 million, meaning the EPS beat was largely a function of a shrinking share count from buybacks rather than genuine profit growth. Tariff headwinds also loomed large, with the company raising its tariff assumption to 12.5% and signaling continued margin pressure through the fiscal year.
At the brand level, HOKA net sales rose 7.7% and UGG advanced 4.9%, both solid but representing a meaningful deceleration from the double-digit growth rates investors had grown accustomed to. The broader U.S. market provided no cover for the decline — the S&P 500 edged up 0.2%, the Dow Jones gained 0.4%, and the Nasdaq was essentially flat, underscoring that today’s pressure on DECK is entirely company-specific.
Taken together, an EPS beat that relied on financial engineering rather than earnings power, guidance that missed on both the top and bottom lines, and a structural tariff overhang combined to push the stock well below its opening price of $100.80, with shares now trading near the lower end of today’s range and sitting meaningfully below their 52-week high of $126.50.
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