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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.

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HOKA®, a division of Deckers Brands (NYSE: DECK), has launched its inaugural Youth collection of footwear aimed at young athletes. The collection features three popular models: Speedgoat 5 Youth, Clifton 9 Youth, and Ora Slide 3 Youth. The designs incorporate kid-friendly features and sustainable materials, such as recycled polyethylene terephthalate yarns and sugarcane midsole components. All models are available in youth sizes 3.5Y to 7Y, with prices ranging from $50 to $110. The Speedgoat 5 Youth emphasizes durability and grip, while the Clifton 9 focuses on performance for young runners. The Ora Slide 3 is designed for recovery, providing comfort after physical activities. The Youth collection is now available for purchase at HOKA.com and authorized retailers.

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Sanuk, a division of Deckers Brands (NYSE: DECK), has launched a limited-edition capsule collection in collaboration with Stone Brewing, celebrating the 'Live Buena' lifestyle of Southern California. The collection features six styles for men and women, made with eco-friendly materials like hemp and recycled plastic. Retail prices range from $40 to $65, with products available online and at select retailers. The collaboration aims to offer innovative, comfortable products that resonate with environmentally conscious consumers. This partnership reflects both brands’ commitment to design quality and sustainability.

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HOKA®, a division of Deckers Brands (NYSE: DECK), has launched the Rocket X 2, a high-performance road racing shoe engineered for elite athletes. The shoe features advancements such as a dual-density PEBA midsole foam, a carbon fiber plate, and a lightweight synthetic mesh upper. Weighing 6.7 oz for women's and 8.3 oz for men's sizes, the Rocket X 2 is World Athletics approved. It retails for $250 and is now available on HOKA.com. The launch coincides with notable race successes for HOKA athletes, including Futsum Zienasellassie winning the USATF Marathon Championships.

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Deckers Brands recently concluded its sixth Art of Kindness (AOK) volunteering week, achieving over 6300 hours of service across 102 organizations globally. This record-breaking participation surpassed previous AOK events, showcasing employee commitment to community engagement. CEO Dave Powers lauded the initiative, emphasizing its positive impact on both the communities served and employee mental wellbeing. Employees shared their rewarding experiences, highlighting the importance of volunteering. The AOK week underscores Deckers Brands' core values of service, community, and kindness, reinforcing its dedication to making a positive difference.

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FAQ

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

The current stock price of Deckers Outdoor (DECK) is $208.01 as of December 24, 2024.

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

The market cap of Deckers Outdoor (DECK) is approximately 31.6B.

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.

Deckers Outdoor Corp

NYSE:DECK

DECK Rankings

DECK Stock Data

31.60B
150.87M
0.42%
99.88%
2.54%
Footwear & Accessories
Rubber & Plastics Footwear
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United States of America
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