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Deckers Outdoor Corp - DECK STOCK NEWS

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.

News

UGG ACHIEVES SIGNIFICANT REGENERATIVE AGRICULTURE MILESTONE, ONE YEAR AHEAD OF SCHEDULE

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UGG, a lifestyle brand under Deckers Brands, achieves a significant milestone in regenerative agriculture by influencing one million acres of grasslands across eighty farms in Australia. This milestone, reached a year ahead of schedule, showcases UGG's commitment to supporting regenerative farming practices through its partnership with Land to Market and Savory Institute. The brand's Regenerate by UGG collection further emphasizes its dedication to sustainability by offering iconic silhouettes crafted with materials from farms practicing regenerative agriculture.
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UGG TAPS CELEBRITY STYLIST JASON BOLDEN TO STYLE NEW GOLDENGLOW SANDAL ON ACTRESS & DJ ELLA BALINSKA

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UGG® unveils the GoldenGlow Sandal in a digital lookbook styled by Jason Bolden, offering five versatile colorways. Priced at $100, this water-friendly sandal is part of the Golden Collection, embodying UGG®'s laidback California aesthetic and comfort-driven design.
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INTRODUCING AHNU®, FOOTWEAR FOR THOSE WHO LIVE ONE STEP AHEAD

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Deckers Brands launches AHNU, a division focused on high-performance technology and timeless style, introducing the Sequence 1 sneaker. Priced between $225-$255, the sneakers cater to individuals seeking style and functionality, available at select retailers and online from March 14.
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Teva Celebrates 40th Anniversary with the Launch of its 'Where to Next?' Campaign

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Teva®, a division of Deckers Brands (NYSE: DECK), celebrates its 40th anniversary with the 'Where to Next?' campaign, honoring the creation of the sport sandal category. The campaign features a four-part 'Revive' product series inspired by different decades, showcasing archival styles modernized for today.
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Deckers Brands Names Robin Green as President of HOKA

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Deckers Brands appoints Robin Green as President of HOKA, aiming to drive growth and innovation. Green's extensive experience in global businesses and brand growth positions her well to lead HOKA's expansion and product innovation.
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Deckers Brands Announces CEO Succession Plan

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Deckers Brands (NYSE: DECK) announced the retirement of President and CEO Dave Powers, effective August 1, 2024, with Chief Commercial Officer Stefano Caroti taking over. The succession planning process was assisted by a leading executive search firm, and Caroti is expected to be nominated to serve as a member of the Board at the 2024 Annual Meeting of Stockholders. Powers' retirement comes after a decade of instrumental leadership, with the organization experiencing explosive growth driven by brand heat across UGG and HOKA. Caroti, with over 32 years of industry experience, including roles at PUMA and NIKE, Inc., expressed confidence in Deckers' future and looks forward to a smooth transition.
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DECKERS BRANDS REPORTS THIRD QUARTER FISCAL 2024 FINANCIAL RESULTS

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Deckers Brands (DECK) reported a record third quarter FY 2024 revenue of $1.56 billion, a 16% increase from the previous year. Diluted EPS also increased by 44% to a record $15.11. The company raised its FY 2024 revenue guidance to approximately $4.15 billion, 14% above the prior year, and its diluted EPS guidance to a range of $26.25-$26.50, approximately 36% above the prior year. The UGG and HOKA brands drove exceptional performance, leading to a significant increase in net sales. The company's balance sheet also showed significant improvements, with cash and cash equivalents at $1.651 billion and no outstanding borrowings.
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UGG TURNS SURPLUS INTO STYLE WITH NEW ';REIMAGINED BY UGG™' COLLECTION

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Southern California-based global lifestyle brand UGG® unveils ReImagined by UGG™, a collection crafted with surplus materials to create new takes on iconic UGG® silhouettes. The offering utilizes excess fabrics that were ordered but never used for in-line products, repurposing them to bring new products to life for consumers. The first iteration includes the Classic Ultra Mini ReImagined and Tasman ReImagined, made with carefully selected surplus suede and sheepskin. Both styles feature repurposed wool and TENCEL™ Lyocell, a recycled polyester backing, and a sugarcane EVA outsole. The materials are sourced from Leather Working Group-certified tanneries, and the collection is available for purchase at UGG.com, UGG® stores, and select wholesale retailers nationwide.
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HOKA® Announces Launch of the Cielo X1: A Pinnacle Expression of Pure Race Speed

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HOKA, a division of Deckers Brands, has launched the all-new Cielo X1, a high-energy return shoe designed for road racing. The shoe is designed with insights from elite athletes, featuring advanced technologies and materials to provide stability and control at top speeds. The Cielo X1 has been tested by HOKA elite athletes with impressive results, and it is now available for purchase at HOKA.com and authorized dealers worldwide.
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UGG UNVEILS NEW GOLDEN COLLECTION FOR SPRING/SUMMER 2024

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UGG, a division of Deckers Brands, introduces the Golden Collection, featuring Classic Boot-inspired sandals made with responsible materials. The collection aims to embody the California spirit and inspire adventure, offering a range of sandal styles with fine-tuned fits and neutral colors. The GoldenGlow, Goldenstar Clog, Goldencoast Clog, Goldenstar Hi Slide, Goldenstar Strap, and Goldenstar Sandal are part of the collection, available at UGG.com, UGG stores, and select wholesale retailers. The sandals are made from sugarcane EVA outsoles, velvety suede, and ultra-cush foam footbeds, offering comfort and support for all-day wear.
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FAQ

What is the current stock price of Deckers Outdoor (DECK)?

The current stock price of Deckers Outdoor (DECK) is $176.29 as of November 19, 2024.

What is the market cap of Deckers Outdoor (DECK)?

The market cap of Deckers Outdoor (DECK) is approximately 26.8B.

What does Deckers Outdoor Corp do?

Deckers Outdoor Corp designs, markets, and distributes innovative footwear, apparel, and accessories through brands like UGG, HOKA, Teva, Sanuk, Koolaburra, and AHNU.

Which brands are owned by Deckers Outdoor Corp?

Deckers owns UGG, HOKA, Teva, Sanuk, Koolaburra, and AHNU. Each brand serves different markets, from casual lifestyle to high-performance activities.

Where are Deckers' products sold?

Deckers' products are sold in more than 50 countries through department and specialty stores, company-owned retail stores, and online platforms.

What recent product innovations has Deckers introduced?

Recent innovations include HOKA's Cielo X1, an ultra-propulsive road racing shoe, and AHNU's Sequence 1, which blends performance and style.

How did Deckers perform financially in recent quarters?

Deckers reported record revenue and earnings for the third quarter of fiscal 2024, driven by strong performances from the HOKA and UGG brands.

What sustainability initiatives is Deckers involved in?

UGG has influenced one million acres of grasslands in Australia towards regenerative farming, part of a long-term partnership with Land to Market and Savory Institute.

Who is the current CEO of Deckers Outdoor Corp?

Dave Powers is the outgoing CEO, set to retire on August 1, 2024. Stefano Caroti will take over as CEO upon his retirement.

How does Deckers distribute its products?

Deckers distributes its products through wholesale channels, company-owned retail stores, and online stores, including its own websites.

What is Deckers' approach to innovation?

Deckers emphasizes bold design and continuous innovation, collaborating with world champions and everyday athletes to push the boundaries of footwear and apparel.

What are the key markets for Deckers' products?

While the majority of sales come from the United States, Deckers also has a strong presence in Europe, Asia, Canada, and Latin America.

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Deckers Outdoor Corp

NYSE:DECK

DECK Rankings

#441 Ranked by Market Cap
N/A Ranked by Dividends

DECK Stock Data

26.80B
150.78M
0.46%
99.62%
2.76%
Footwear & Accessories
Rubber & Plastics Footwear
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United States of America
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