Welcome to our dedicated page for Deckers Outdoor news (Ticker: DECK), a resource for investors and traders seeking the latest updates and insights on Deckers Outdoor stock.
Deckers Outdoor Corp (NYSE: DECK) is a globally recognized leader in the design, marketing, and distribution of innovative footwear, apparel, and accessories. The company’s product portfolio includes renowned brands such as UGG®, HOKA®, Teva®, Sanuk®, Koolaburra®, and AHNU®. These brands cater to both everyday casual lifestyle needs and high-performance activities, positioning Deckers as a versatile and influential player in the industry.
What Deckers Does: The company designs and sells a variety of casual and performance footwear, apparel, and accessories. Each of its brands has carved a niche in the market, appealing to a diverse global audience. UGG, for example, is celebrated for its luxurious sheepskin boots, while HOKA is acclaimed for its maximalist running shoes that offer superior cushioning and support.
Market Presence: Deckers' products are sold in more than 50 countries through a mix of wholesale channels, company-owned retail stores, and online platforms. This extensive distribution network ensures that their products are accessible to millions of consumers worldwide.
Recent Achievements: Deckers has recently celebrated several milestones and achievements. For instance, the HOKA brand launched the all-new Cielo X1, a cutting-edge road racing shoe that has been well-received by elite athletes. Additionally, UGG has reached a significant milestone by influencing one million acres of grasslands in Australia towards regenerative farmland, showcasing their commitment to sustainability.
Financial Performance: The company achieved record financial results for the third quarter of fiscal 2024, with significant revenue and earnings growth driven by the strong performance of HOKA and UGG. Deckers continues to maintain a robust balance sheet, with substantial stock repurchase programs reflecting confidence in its market position.
Leadership and Strategy: Recently, Deckers announced a leadership transition, with Dave Powers retiring as President and CEO, effective August 1, 2024, and Stefano Caroti stepping into the role. This planned transition underscores Deckers’ commitment to strategic succession planning and long-term growth.
Partnerships and Innovations: Deckers consistently pushes the envelope with innovative products and strategic partnerships. For example, the AHNU brand has introduced the Sequence 1 sneaker, blending performance and aesthetic to cater to modern consumers' demands.
With a 50-year history of building niche footwear brands into lifestyle market leaders, Deckers Outdoor Corp continues to attract loyal consumers globally, driving sustained growth and innovation in the footwear and apparel industry.
On March 15, 2022, Koolaburra by UGG, a division of Deckers Brands (NYSE: DECK), launched "Frenshe's Picks" with actress Ashley Tisdale. This collection features five sandal styles priced at $59.95 each, reflecting southern Californian living. The partnership emphasizes comfort, authenticity, and mental wellness through a curated selection that will be showcased on digital platforms. The collaboration aligns with a broader initiative, including a $40,000 donation to Women's Economic Ventures promoting women's economic empowerment.
Deckers Brands (NYSE: DECK) reported a record third fiscal quarter with net sales rising 10.2% to $1.188 billion year-over-year. The gross margin decreased to 52.3%, while SG&A expenses increased to $327.8 million. Operating income fell to $293.4 million, with diluted EPS at $8.42. UGG brand sales grew 7.9%, while HOKA brand sales surged 30.3%. The company anticipates full-year net sales between $3.03 billion and $3.06 billion, with EPS guidance of $14.50 to $15.15. Supply chain challenges persist, affecting operations.
Deckers Brands (NYSE:DECK) will hold a conference call on February 3, 2022, at 4:30 pm ET to discuss their third quarter fiscal 2022 results. The call will be accessible at ir.deckers.com and available for 30 days post-event. The company is known for its innovative footwear, apparel, and accessories, with brands like UGG®, HOKA®, Teva®, and others, sold in over 50 countries. Deckers Brands has a strong market presence, backed by over 40 years of experience.
On January 14, 2022, UGG, a division of Deckers Brands (NYSE: DECK), launched a collaboration with Sesame Workshop, introducing the UGG x Sesame Street collection. This exclusive line features children’s footwear inspired by iconic characters like Big Bird, Elmo, and Cookie Monster. Available exclusively at UGG.com and Kids Foot Locker in North America, the collection includes popular styles like the UGG Neumel and Fluff Yeah, designed for infants, toddlers, and kids. The innovative designs incorporate character themes while maintaining UGG's renowned quality and comfort.
HOKA®, a division of Deckers Brands (NYSE: DECK), has launched the Kawana, a versatile shoe designed for runners and fitness enthusiasts. The Kawana aims to provide premium comfort and support, blending innovative foam technology for a smooth ride. Weighing 10 ounces for men and 8.4 ounces for women, it features a unique upper design and is available worldwide from January 1, 2022, at an MSRP of $140. The shoe caters to both new and seasoned athletes, emphasizing adaptability for various activities and lifestyles.
UGG®, a division of Deckers Brands, has launched its global holiday campaign featuring comedians Heidi Gardner and Mikey Day from Saturday Night Live. Three humorous skits showcase UGG® as the ideal gift destination, catering to various difficult recipients. The campaign highlights UGG®'s commitment to quality and comfort while promoting its holiday collection available from November 11. UGG® also announced a $75,000 donation to three nonprofit organizations linked to the campaign. Additionally, on November 30, UGG® will contribute $25 from selected sales to these charities, with a maximum donation of $30,000.
Sanuk, a division of Deckers Brands (NYSE: DECK), has launched its fifth collaboration with the Grateful Dead featuring a new winter-ready capsule collection. This collection includes two styles: the Cozy Vibe Low and the Cozy Vibe Slipper, designed with eco-friendly materials like responsible leather and recycled polyester. Retail prices range from $85 to $95. The collection emphasizes comfort and sustainability, reflecting both Sanuk's and the Grateful Dead's commitment to environmental health. This capsule is exclusively available on Sanuk's website starting today.
UGG®, a brand of Deckers Brands, announced the launch of UGGrenew, a refurbishment program aimed at extending the life of its Classic Boots. The program features three service levels: Renew ($80), Restore ($60), and Refresh ($40). UGG's parent company also reported progress towards sustainability with approved science-based targets for carbon emission reductions and a goal of 40% reduction per pair of footwear by 2030. UGG aims to embrace material innovations, increase recycled materials by 35%, and support diversity initiatives while prioritizing long-term brand value.
Deckers Brands (NYSE:DECK) announced the establishment of science-based targets aimed at reducing its emissions, alongside the release of its Fiscal Year 2021 Corporate Responsibility and Sustainability Report. The report outlines significant commitments to environmental and social advancement, detailing achievements from April 2020 to March 2021. Key targets include a 46% reduction in absolute GHG emissions by FY30 and a 58% reduction in Scope 3 emissions per million dollars of gross profit. The initiative highlights Deckers' dedication to improving its Sustainability practices while supporting communities globally.
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