Following a challenging year, Deckers Outdoor is positioned for a critical 2026. The company's stock has fallen approximately 53% year-to-date in 2025, attributed to disappointing guidance, tariff concerns, and slowing growth. Weakening consumer spending has particularly impacted domestic sales, which saw minimal growth in the most recent fiscal quarter. In contrast, international sales have been a bright spot, surging nearly 30% and now accounting for over 40% of total revenue. For the company to rebound in 2026, investors will be closely watching several key factors. These include the macroeconomic environment's effect on US consumer demand, the continued performance in international markets, the company's ability to maintain strong gross margins, and its currently low stock valuation.