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), 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.
UGG®, a global lifestyle brand and division of Deckers Brands (NYSE: DECK), has joined The Valuable 500, a movement focused on disability inclusion. The partnership aims to amplify the voices of individuals with disabilities and enhance accessibility within the brand. UGG® is committed to six strategic focuses, including adaptive product offerings, ensuring website accessibility, and promoting diversity in marketing. Established in 2019, The Valuable 500 has gained support from 500 influential brands worldwide to create systemic change for 1.3 billion people with disabilities.
Sanuk, a division of Deckers Brands (NYSE: DECK), has launched an all-gender footwear collection in collaboration with the Pacific Pride Foundation in support of the LGBTQ+ community. Debuting on May 18, 2021, the collection features two new styles: the Sling ST and We Got Your Back, offering comfortable and eco-friendly designs. For every pair sold, Sanuk will donate $3, aiming for a total contribution of $40,000 to the Foundation. The collection aligns with Pride Month and emphasizes inclusivity, with proceeds supporting vital community programs.
HOKA ONE ONE®, a division of Deckers Brands (NYSE: DECK), has launched the Clifton 8, the latest model in its popular running shoe line. This model refines fit, weight, and ride, improving on the previous versions. The Clifton 8 features a new ultra-light midsole foam and engineered mesh upper for enhanced comfort and durability. Priced at $130, the shoe is designed to appeal to runners seeking a lightweight yet cushioned experience. HOKA continues to innovate with this shoe, aiming to exceed the expectations of runners every day.
Deckers Brands (NYSE: DECK) will hold a conference call on May 20, 2021 at 4:30 pm Eastern Time to discuss its fourth quarter and fiscal 2021 results. The call will be accessible via their investor relations website at ir.deckers.com, and the recording will be available for at least 30 days post-call. Deckers Brands specializes in innovative footwear, apparel, and accessories, with a strong portfolio including UGG®, HOKA ONE ONE®, and Teva®.
Teva, a division of Deckers Brands (NYSE: DECK), has launched a limited-edition collaboration with Polaroid, marking a fusion of nostalgia and creativity. The collection features two sandal styles made from recycled materials, priced at $70 and $80, and a refurbished Polaroid 600 camera retailing at $160. Designed for summer adventures, the footwear showcases a colorful Polaroid-inspired design. Both brands aim to inspire creativity through their shared heritage, encouraging users to capture and make new memories.
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