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.
HOKA ONE ONE®, a division of Deckers Brands (NYSE: DECK), is set to launch the Bondi X on October 1, 2021. This new shoe enhances the original Bondi model with a carbon fiber plate for increased efficiency and propulsion. Weighing just 9.1 oz for women and 10.6 oz for men, the Bondi X also features an early stage meta-rocker for smooth transitions. Priced at $200, the shoe aims to cater to all athletes, not just competitive runners, showcasing HOKA's commitment to innovation in performance footwear.
HOKA ONE ONE®, a division of Deckers Brands (NYSE: DECK), has unveiled its fourth collaboration with Engineered Garments, featuring a limited edition Bondi L sneaker. Set to launch on August 12 at Nepenthes New York and August 19 at select retailers and websites, the all-gender sneaker offers a unique design with a leather upper and enhanced Meta-Rocker technology for comfort. Retailing at $200, it is available in four distinct colorways, reflecting a blend of performance and fashion.
Deckers Brands (NYSE: DECK) reported a strong first quarter for fiscal 2022, with revenues soaring 78.2% to $504.7 million and earnings per share increasing to $1.71. The company raised its full-year EPS outlook to $14.45 to $15.10. UGG and HOKA brands drove sales growth, increasing 70.8% and 95.5%, respectively. However, ongoing supply chain disruptions and operational challenges due to COVID-19 were noted. Despite these hurdles, the company remains confident in consumer demand and its strategic priorities.
Deckers Brands (NYSE:DECK) announced a conference call on July 29, 2021, at 4:30 pm Eastern Time to review its first quarter fiscal 2022 results. The call will be accessible through their investor relations website at ir.deckers.com and will remain available for 30 days post-call. Deckers is recognized for its innovative footwear and apparel, with brands including UGG, HOKA ONE ONE, and others, sold in over 50 countries.
HOKA ONE ONE®, a division of Deckers Brands (NYSE: DECK), announces the launch of the Rincon 3 running shoe, available for pre-order now and set for release on August 1. This lightweight shoe features over 20mm of cushioning, weighing 6.2 oz for women and 7.4 oz for men, providing an impressive weight-to-cushion ratio. Priced at $115, the Rincon 3 combines support and speed, targeting runners looking for performance without sacrificing comfort. Improvements include a redesigned upper and enhanced durability for everyday training and racing scenarios.
HOKA ONE ONE®, a division of Deckers Brands (NYSE: DECK), has launched the Anacapa Mid and Low GTX, lightweight hiking shoes designed for outdoor exploration. Weighing only 16.0 oz (Mid) and 14.0 oz (Low) for men, and 14.0 oz (Mid) and 12.0 oz (Low) for women, these shoes combine comfort with performance. Made from recycled materials and featuring advanced cushioning technology, they offer a smooth, stable ride. Available now, the MSRP is $170 for the Mid and $155 for the Low. This launch aims to make hiking more accessible with innovative design.
HOKA ONE ONE®, a division of Deckers Brands (NYSE: DECK), announced the hiring of Evie Moe and Matt Rask as Senior Directors of Apparel and Footwear Design, respectively. Moe brings 20 years of experience from Cotopaxi and New Balance, while Rask has a rich background with Under Armour and Nike. Their expertise aims to innovate HOKA's product offerings, enhancing performance and design. With the apparel division launched in March 2020, HOKA continues to aim at pushing boundaries and enhancing athletic performance, potentially driving growth in the competitive footwear and apparel market.
Sanuk, a division of Deckers Brands (NYSE: DECK), has launched its second capsule collection in partnership with Airstream. This new footwear line features four styles, including the popular Donna and Vagabond slip-ons, as well as Glamper ST and Tow'd Up ST flip-flops, all available on Sanuk.com. The collection emphasizes comfort and premium materials, including leather and eco-friendly foam, with prices ranging from $55 to $80. This release aligns with the summer travel season, enhancing Sanuk's efforts to provide stylish, travel-ready footwear.
Teva, a division of Deckers Brands (NYSE: DECK), has launched a limited-edition capsule collection in collaboration with designer Christian Cowan. The collection includes the Hurricane Gladiator - CC and Hurricane XLT2 - CC sandals, featuring bold colors and eco-friendly materials. Priced at $175 and $90 respectively, these sandals are designed for both style and comfort, catering to a wide range of sizes (4-14). This collaboration aims to merge the worlds of fashion and outdoor adventure, highlighting Teva's commitment to sustainability through the use of recycled materials.
Deckers Brands (NYSE: DECK) reported strong financial results for Q4 and FY2021, with net sales climbing 49.7% year-over-year to $561.2 million. Fiscal year net sales increased 19.4% to $2.546 billion. Gross margin improved to 54.0%, while diluted EPS rose to $13.47 from $9.62 in the prior year. The company anticipates FY2022 net sales between $2.950 billion and $3.000 billion and plans to continue adapting to COVID-19 challenges. Deckers remains optimistic about brand growth, particularly in HOKA and UGG.
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