DECK · PEAD → 3

Deckers Outdoor reported Q1 FY2027 EPS of $0.94 on 2026-07-23, beating the $0.88 consensus by $0.06 (+6.8%).

Print-day reaction was -6.1% versus the prior close, a sharp sell-the-news move despite the EPS beat. The overnight gap to the T+1 open extended losses by another -2.3%, suggesting no immediate stabilisation after hours. Over the following two trading days, however, DECK recovered strongly, drifting +8.2% from the T+1 close through the T+3 close — decisively reversing the initial reaction. Cumulative abnormal return of +2.3% versus SPY.US sits just inside the ±3% neutral band, yielding a PEAD verdict of none; the holding window closes 2026-10-20.