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.
Teva, a division of Deckers Brands (NYSE: DECK), rolled out its Spring 2023 collection on February 16, 2023. The collection features new styles like the Geotrecca Low RP and Outflow Universal, highlighting the brand's history in sport sandals while embracing sustainability. All sandals can be recycled through the TevaForever program, reinforcing the brand's commitment to environmental initiatives. Prices range from $45 for the Hurricane Drift Huemix to $140 for the Geotrecca Low RP. The campaign, titled 'Original & Universal', emphasizes connection and freedom in outdoor exploration, celebrating the brand's legacy while introducing innovative designs.
HOKA, a division of Deckers Brands (NYSE: DECK), has launched the Clifton 9, a redesigned daily trainer aimed at enhancing the running experience for both new and seasoned runners. The Clifton 9 features a 3mm increase in stack height while shedding four grams in weight, providing a lighter and more cushioned feel. Key enhancements include a new midsole foam and improved outsole design, along with a more comfortable upper crafted from recycled mesh. Priced at $145 and available on HOKA's website and select retailers, this model aims to maintain the brand's reputation for performance and comfort.
Deckers Brands reported a revenue of $1.346 billion for Q3 Fiscal 2023, marking a 13.3% increase year-over-year, with a 17.5% rise in constant currency. Diluted EPS increased to $10.48 from $8.42. The company raised its full-year revenue growth guidance to 11-12% and EPS guidance to $18.00-$18.50. Direct-to-Consumer (DTC) sales grew 18.7%, with comparable DTC sales up 22.1%. While HOKA brand saw impressive growth of 90.8%, UGG and other brands faced declines. Deckers maintains a strong balance sheet with $1.058 billion in cash and no debt.
Deckers Brands (NYSE: DECK) announced a conference call scheduled for February 2, 2023, at 4:30 PM ET to discuss its third-quarter fiscal 2023 results. The call will be accessible via ir.deckers.com and will remain available for 30 days post-broadcast. Deckers Brands is known for its innovative footwear, apparel, and accessories, featuring popular brands like UGG, HOKA, Teva, and KOOLABURRA. The company has established a global presence in over 50 countries and has a rich history of 50 years.
Koolaburra® by UGG®, a division of Deckers Brands, is donating $10 from each pair of women's Koola Short sold on koolaburra.com to Soles4Souls from November 29 to December 31, 2022, up to $40,000. The initiative supports the Soles4Souls 4EveryKid program, which provides new shoes to children in need across the U.S. The Koola Short retails for $89.95 and comes in various colors. This partnership aims to raise awareness about the importance of providing shoes to underserved families during the holiday season.
Deckers Brands (NYSE: DECK) has released its Fiscal Year 2022 Corporate Responsibility and Sustainability Report, titled Creating Change. The report showcases progress towards Sustainable Development Goals in areas such as materials, waste, water, and climate. Key highlights include reduced emissions per pair of footwear and initiatives in regenerative farming in Australia. Social achievements are noted, with 21% of director-level employees in the US from BIPOC communities and $3.4 million donated to various causes. Deckers aims for continuous improvement in sustainability.
Deckers Brands (NYSE: DECK) reported second-quarter fiscal 2023 revenue of $876 million, marking a 21% increase year-over-year and 25% in constant currency. The company reiterated its full-year revenue growth guidance of 10-11% and diluted EPS guidance of $17.50-$18.35. Direct-to-Consumer sales surged 35.3% to $239.1 million, while wholesale sales rose by 16.7%. However, gross margin decreased to 48.2% from 50.9%. Notably, HOKA brand sales soared by 58.3%, while Sanuk brand sales fell 25.2%. Cash reserves declined to $419.3 million.
UGG, a brand under Deckers Brands (NYSE: DECK), has launched its first Feel House in Brooklyn, New York on October 28, 2022, as part of a multi-sensory retail concept aimed at enhancing consumer self-expression. This immersive space will also open in Chengdu, China and Seoul, South Korea. The Feel House showcases UGG's heritage products and includes unique art installations from local artists, alongside partnerships supporting mental wellness organizations. Following its debut, UGG plans to host exclusive events, further solidifying its connection with customers.
Teva, a brand under Deckers Brands (NYSE: DECK), has launched a limited-edition holiday footwear collection in collaboration with UNWRP, created by designer Ashley London Fouyolle, available via Macy's. The exclusive 'ReEmber' sandal features unique artwork aimed at inspiring self-expression and outdoor exploration, retailing at $90 for adults and $70 for kids. The partnership emphasizes ethical values and sustainability. The collection, available starting October 20, 2022, encourages wearers to embrace creativity and adventure, aligning with Teva's commitment to outdoor exploration.
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