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.
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.
SANTA BARBARA, Calif., April 7, 2021 /PRNewswire/ -- UGG®, a division of Deckers Brands (NYSE: DECK), is supporting Patrisse Cullors, co-founder of Black Lives Matter, in launching the worldwide dance event 'F*ck White Supremacy, Let's Get Free' on April 11, 2021, from 12:00-6:00 PM PT. This digital event, in collaboration with the Hammer Museum, invites participants to unite through dance to address social issues, especially during challenging times. Submissions for dance videos are accepted until April 7, 2021. The program aims to regenerate joy and build community.
Teva, a division of Deckers Brands (NYSE: DECK), has launched the TevaForever Recycling Program in partnership with TerraCycle to promote sustainability in footwear. The program allows customers to mail their worn sandals for recycling at no cost, helping to minimize environmental impact. Teva's initiatives include transitioning to 100% recycled plastic straps and significant reductions in water usage and greenhouse gas emissions. Since 2020, Teva has diverted over 40.2 million plastic bottles from landfills and aims to fully recycle old sandals into new ones.
Deckers Brands' HOKA ONE ONE has partnered with outdoor brand Cotopaxi to release a limited-edition collaboration featuring the Torrent 2 trail shoe ($130) and Batac 16L Del Día Backpack ($65). This initiative is rooted in sustainable manufacturing and aims to promote accessibility to the outdoors. The collaboration includes a virtual event, Questival, on April 23, with proceeds benefiting Big City Mountaineers, which provides outdoor experiences for underserved youth. The products launched online on March 30 at HOKA and Cotopaxi websites and select retailers.
FAQ
What is the current stock price of Deckers Outdoor (DECK)?
What is the market cap of Deckers Outdoor (DECK)?
What does Deckers Outdoor Corp do?
Which brands are owned by Deckers Outdoor Corp?
Where are Deckers' products sold?
What recent product innovations has Deckers introduced?
How did Deckers perform financially in recent quarters?
What sustainability initiatives is Deckers involved in?
Who is the current CEO of Deckers Outdoor Corp?
How does Deckers distribute its products?
What is Deckers' approach to innovation?
What are the key markets for Deckers' products?
