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.
Lolë Brands, a global apparel company, has acquired Sanuk, an iconic outdoor lifestyle footwear brand previously owned by Deckers Brands (NYSE: DECK). This marks Lolë's expansion into the footwear market and its second acquisition in the past year. Sanuk, known for its comfort and creativity, will benefit from renewed investment to build on its core strengths. Katie Pruitt, with over a decade of experience at Sanuk, has been appointed as Vice President and General Manager to lead the brand's future growth.
The partnership aims to evolve Sanuk's brand strategy, prioritizing direct-to-consumer and wholesale customers. Sanuk will relocate its operations to Los Angeles, CA. Both Lolë and Sanuk share a commitment to responsibly produced, innovative, and stylish designs, aligning with Lolë's portfolio of environmentally conscious consumer brands.
UGG®, a division of Deckers Brands [NYSE: DECK], has launched its Autumn/Winter 2024 'Feels Like UGG®' campaign. Shot in Seoul, South Korea, the campaign celebrates self-expression, community, and global connection. It features a diverse cast of creatives including HANNI, Alex Consani, and Young Mazino, showcasing new footwear and ready-to-wear styles.
The campaign, directed by We Are From L.A. and photographed by Samuel Bradley, highlights UGG's commitment to inclusivity and unconventional attitudes. It showcases the cast's journey through Seoul, emphasizing individual expression and collective celebration. The campaign also introduces new product lines ranging from $140 to $378, including clogs, slides, boots, and jackets.
UGG plans to engage fans through in-person activations and events, including the #UGGSeason social campaign starting September 21st and a multi-sensory retail space called FEEL HOUSE later in the year.
Deckers Brands (NYSE: DECK) reported strong Q1 FY 2025 results, with revenue increasing 22.1% to $825.3 million and diluted EPS rising 87% to $4.52. The company raised its FY 2025 diluted EPS guidance to $29.75-$30.65. HOKA and UGG brands drove robust full-price demand, with HOKA sales up 29.7% and UGG sales up 14%. Direct-to-Consumer net sales grew 24%, while wholesale increased 21%. Gross margin improved to 56.9% from 51.3%. The company repurchased 177,000 shares for $152 million and announced plans to divest the Sanuk brand in August 2024. Deckers' strong performance and increased outlook reflect its successful brand strategy and market position.
Deckers Brands (NYSE:DECK), a global leader in footwear, apparel, and accessories, has announced its first quarter fiscal 2025 earnings conference call. The call is scheduled for Thursday, July 25, 2024, at approximately 4:30 pm Eastern Time. Investors and interested parties can access the broadcast at ir.deckers.com. The company has confirmed that the broadcast will remain available for at least 30 days following the conference call, providing ample time for stakeholders to review the results and any accompanying commentary.
HOKA, a division of Deckers Brands (NYSE: DECK), has launched the Speedgoat 6, the latest iteration of its award-winning trail running shoe franchise. The new model features ultralight CMEVA cushioning and aggressive traction, making it the lightest and most responsive Speedgoat to date. Key features include:
- Vibram® Megagrip outsole with 5mm lugs for enhanced grip
- Lightweight woven upper for breathability and durability
- HOKA patent pending dynamic vamp and internal support chassis
- 40mm stack height and 5mm drop
- Weight: 8.2 oz (women's size 8) and 9.8 oz (men's size 10)
HOKA is also launching a new campaign, 'MANY TRAILS. ONE GOAT.', featuring Strava challenges and local segment competitions. The Speedgoat 6 is available for purchase at $155 MSRP, with GORE-TEX® models coming later in Fall.
Deckers Brands (NYSE: DECK) announced a six-for-one forward stock split, approved by its Board of Directors. This stock split, along with a proportionate increase in authorized shares of common and preferred stock, is subject to stockholder approval. The approval will be sought at the upcoming annual meeting on September 9, 2024. If approved, the stock split will be implemented promptly after this meeting. The split aims to make DECK shares more affordable and attractive, increasing liquidity. Each share outstanding on September 6, 2024, will be split into six shares, effective for trading on September 17, 2024, pending NYSE approval.
Teva, a division of Deckers Brands (NYSE: DECK), has unveiled the Aventrail, a trail running sandal designed to provide the freedom of a sandal with the performance of a running shoe. This innovative product features a W Strapping System for a secure fit, HYPER-COMF cushioning for comfort, and a Spider Rubber® outsole for enhanced traction. The Aventrail is built for trail runners, fast hikers, and outdoor enthusiasts, and is available for $145 on Teva.com. The product weighs 11.9 oz for men and 9.7 oz for women, with a 6mm drop and stack height of 33.5mm heel/27.5mm toe.
Deckers Brands (NYSE: DECK) reported strong financial results for Q4 and FY 2024, with a revenue increase of 18% to $4.29 billion and a diluted EPS rise of 51% to $29.16. The company anticipates FY 2025 revenue growth of approximately 10% and EPS ranging from $29.50 to $30.00. Q4 net sales rose 21.2% to $959.8 million. Key brand performances included a 34% increase in HOKA brand sales and a 14.9% rise in UGG brand sales. However, Teva and Sanuk brand sales declined. Full-year DTC net sales grew by 26.5% and wholesale by 12.6%. Operating income for FY 2024 was $927.5 million, with a gross margin of 55.6%. Cash and cash equivalents were $1.502 billion, and inventories were reduced to $474.3 million. The company also repurchased $414.9 million worth of shares.
UGG, a division of Deckers Brands (NYSE: DECK), has partnered with artist ALOK to create the URSeen collection for Pride 2024. The all-gender collection, featuring the URSeen Platform and URSeen Dress, promotes self-expression within the LGBTQ+ community. The URSeen Platform, priced at $180, includes a bold color gradient and a soft sheepskin lining, while the URSeen Dress, at $128, embraces creativity with a faux-fur fabrication. UGG has donated $200,000 to LGBTQ+ organizations over the past year and will feature a float in the LA Pride Parade on June 9, 2024. The collection is available at UGG.com, UGG stores, and select retailers.
Deckers Brands (NYSE:DECK), a global leader in footwear, apparel, and accessories, announced a conference call to review its fourth quarter and full fiscal year 2024 earnings results. The call will take place on Thursday, May 23, 2024, at 4:30 pm Eastern Time and will be available at ir.deckers.com. The broadcast will remain accessible for at least 30 days after the call.
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