Deckers Outdoor Corporation reported a record-breaking performance in Q3 2025, achieving revenue of $1.83 billion, reflecting a 17% increase year-over-year. This achievement underscored the strength of the UGG and HOKA brands, with UGG growing by 16% and HOKA experiencing even stronger growth at 24%. Management highlighted that this quarter's gross margin improved to 60.3%, a significant accomplishment attributed to effective inventory management and a focus on full-price selling. With a strong cash position of $2.2 billion and no debt, Deckers is well-positioned for sustained growth as management raises its fiscal year revenue expectation to over $4.9 billion. The upcoming launches, specifically for the HOKA brand, are anticipated to further bolster performance in the coming quarters.