| DECK |
Report |
Total Net Sales (Q1 FY27, quarter ended 6/30/26) |
BEAT |
pred ~$1.035B vs. cons ~$1.020B |
MEDIUM |
| DECK |
Report |
Diluted EPS (Q1 FY27) |
BEAT |
pred ~$0.90 vs. cons ~$0.875 |
MEDIUM |
| DECK |
Report |
HOKA brand net sales (Q1 FY27) |
IN-LINE |
pred ~$706M vs. cons ~$712M |
MEDIUM |
| DECK |
Guide |
FY2027 full-year revenue guidance (reaffirm/raise) |
UNCHANGED |
guide ~$5.885B midpoint vs. cons ~$5.90B (FY2027, ending 3/31/27) |
MEDIUM |
| DECK |
Guide |
FY2027 full-year diluted EPS guidance (reaffirm/raise) |
UNCHANGED |
guide ~$7.375 midpoint vs. cons ~$7.40 (FY2027, ending 3/31/27) |
MEDIUM |
| DECK |
Guide |
Q2 FY2027 (Sept-quarter) revenue guide |
BETTER |
guide ~$1.49B vs. cons ~$1.48B (Q2 FY2027, quarter ending 9/30/26) |
LOW |
| DECK |
Guide |
Gross margin trajectory / tariff commentary |
UNCHANGED |
guide ~56.5% FY27 GM reaffirmed vs. cons ~56.4% (FY2027 full year) |
LOW |
| DECK |
Return |
Day-1 residual (stock − beta × S&P 500) |
+3.0% |
— |
MEDIUM |
| DECK |
Return |
5-day cumulative residual |
+1.0% (FADE) |
Consensus already sits at the top of management's own $0.82-0.87 EPS guide and revenue is bid up near guidance ceiling, so the 'beat' is largely priced in versus last year's much larger surprise (actual $0.93 vs. depressed prior-year comp). Analyst estimate revisions drifted lower over the trailing 90 days (only stabilizing in the last 30), and full-year FY27 guidance/framework was already laid out in detail two months ago with no fresh raise expected -- limiting incremental upside to numbers. Historical precedent (last year's Q1 print) saw an outsized initial pop fade roughly 10%+ over the following week as investors reset to the next quarter's more modest guide; this year's smaller initial surprise combined with tariff-driven gross-margin wraparound and 2x SG&A growth vs. revenue growth (flagged explicitly by CFO) gives bears ammunition to fade the initial reaction once the Clifton 11 launch/APAC shipment-timing explanations are digested and out-quarter margin math is modeled through. |
MEDIUM |