REPORTABLE OPERATING SEGMENTS (Tables)

9 Months Ended

Dec. 31, 2025

Segment Reporting [Abstract]

Schedule of Operating Segment Information

Reportable operating segment information, with a reconciliation to the condensed consolidated statements of comprehensive income, was as follows:

Three Months Ended December 31, 2025	HOKA			UGG			Other Brands (5)			Total
Net sales	$	628,882		$	1,305,475		$	23,192		$	1,957,549
Less: Cost of sales (1)	274,678			496,554			14,957			786,189
Segment gross profit	354,204			808,921			8,235			1,171,360
Segment gross margin	56.3		%	62.0		%	35.5		%	59.8		%
Less: (1)
Payroll and related costs	33,681			45,409			4,586			83,676
Advertising, marketing, and promotion expenses	63,439			96,669			2,288			162,396
Rent and occupancy	11,826			26,677			25			38,528
Depreciation and other related costs (2)	2,273			2,940			6			5,219
Other segment items (3)	26,891			47,297			(2,745)			71,443
Segment SG&A expenses	138,110			218,992			4,160			361,262
Segment income from operations	$	216,094		$	589,929		$	4,075		$	810,098
Segment operating margin (4)	34.4		%	45.2		%	17.6		%	41.4		%

Three Months Ended December 31, 2024	HOKA			UGG			Other Brands (5)			Total
Net sales	$	530,908		$	1,244,189		$	52,068		$	1,827,165
Less: Cost of sales (1)	233,030			460,738			30,774			724,542
Segment gross profit	297,878			783,451			21,294			1,102,623
Segment gross margin	56.1		%	63.0		%	40.9		%	60.3		%
Less: (1)
Payroll and related costs	26,003			43,864			4,228			74,095
Advertising, marketing, and promotion expenses	56,396			81,537			6,121			144,054
Rent and occupancy	7,310			25,523			79			32,912
Depreciation and other related costs (2)	1,372			2,505			117			3,994
Other segment items (3)	19,864			41,160			3,385			64,409
Segment SG&A expenses	110,945			194,589			13,930			319,464
Segment income from operations	$	186,933		$	588,862		$	7,364		$	783,159
Segment operating margin (4)	35.2		%	47.3		%	14.1		%	42.9		%

Nine Months Ended December 31, 2025	HOKA			UGG			Other Brands (5)			Total
Net sales	$	1,916,087		$	2,330,154		$	106,686		$	4,352,927
Less: Cost of sales (1)	820,182			960,370			59,287			1,839,839
Segment gross profit	1,095,905			1,369,784			47,399			2,513,088
Segment gross margin	57.2		%	58.8		%	44.4		%	57.7		%
Less: (1)
Payroll and related costs	94,625			117,160			13,571			225,356
Advertising, marketing, and promotion expenses	191,008			171,941			13,406			376,355
Rent and occupancy	31,305			62,343			81			93,729
Depreciation and other related costs (2)	5,356			9,014			51			14,421
Other segment items (3)	82,692			93,141			5,759			181,592
Segment SG&A expenses	404,986			453,599			32,868			891,453
Segment income from operations	$	690,919		$	916,185		$	14,531		$	1,621,635
Segment operating margin (4)	36.1		%	39.3		%	13.6		%	37.3		%

Nine Months Ended December 31, 2024	HOKA			UGG			Other Brands (5)			Total
Net sales	$	1,646,982		$	2,157,005		$	159,845		$	3,963,832
Less: Cost of sales (1)	691,678			875,735			90,524			1,657,937
Segment gross profit	955,304			1,281,270			69,321			2,305,895
Segment gross margin	58.0		%	59.4		%	43.4		%	58.2		%
Less: (1)
Payroll and related costs	72,088			107,387			13,162			192,637
Advertising, marketing, and promotion expenses	168,275			144,989			20,337			333,601
Rent and occupancy	19,827			57,183			351			77,361
Depreciation and other related costs (2)	3,779			7,393			4,326			15,498
Other segment items (3)	58,923			77,223			10,261			146,407
Segment SG&A expenses	322,892			394,175			48,437			765,504
Segment income from operations	$	632,412		$	887,095		$	20,884		$	1,540,391
Segment operating margin (4)	38.4		%	41.1		%	13.1		%	38.9		%

(1) The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.

(2) Depreciation and other related costs generally include depreciation of property and equipment, amortization and impairment of intangible assets or other long-lived assets, accretion, and loss on disposal of assets.

(3) Other segment items are comprised of other SG&A expenses, which generally include credit card fees, commissions, materials and supplies, travel, certain 3PL service fees, net bad debt expense, and other miscellaneous expenses.

(4) Operating margin is defined as income from operations divided by net sales.

(5) The Other brands reportable operating segment for the three and nine months ended December 31, 2025 includes financial results for the Koolaburra and AHNU brands through their respective phase out dates. The Other brands reportable operating segment for the nine months ended December 31, 2024 includes financial results for the Sanuk brand through the Sanuk Brand Sale Date. Refer to the section titled “Reportable Operating Segments,” in Note 1, “General,” for further information regarding the phase out of standalone operations of the Koolaburra and AHNU brands, and the prior sale of the Sanuk brand.

Schedule of Reconciliation of Reportable Segment Income from Segments to Consolidated

A reconciliation of reportable segment income from operations to condensed consolidated statements of comprehensive income was as follows:

	Three Months Ended December 31,				Nine Months Ended December 31,
	2025		2024		2025		2024
Segment income from operations	$	810,098	$	783,159	$	1,621,635	$	1,540,391
Unallocated enterprise and shared brand expenses (1)	(195,732)		(215,885)		(515,461)		(535,224)
Total other income, net	12,547		16,668		46,161		46,840
Consolidated income before income taxes	$	626,913	$	583,942	$	1,152,335	$	1,052,007

(1) The change in reportable operating segments had an impact on segment income from operations, a measure of segment profitability, and a clarification was made that certain prior unallocated overhead costs are defined as unallocated enterprise and shared brand expenses and are excluded from the measure of segment profitability.