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.
The You & Me collaboration by Sanuk, a Deckers brand (NYSE: DECK), features eco-friendly footwear inspired by surfers Donavon and Petra Frankenreiter. Launched on July 7, 2022, this exclusive capsule collection includes two huarache slip-on styles for $100 each. Made from responsibly sourced leather, bio-recycled rubber, and cork, the designs reflect the couples' bohemian style. Enhanced comfort is achieved with Soft Top Foam and cushioned footbeds. Available exclusively on Sanuk.com, this collection aims to merge style with sustainability.
Deckers Brands (NYSE: DECK) appoints Anne Spangenberg as President of Fashion Lifestyle, effective July 11, 2022. Spangenberg, formerly Global VP of Merchandising at Nike, will lead brands like UGG and Koolaburra. CEO Dave Powers expressed optimism about her impact on brand growth and customer experience. Spangenberg aims to drive product diversification and franchise evolution, leveraging strong consumer demand and loyalty for UGG. The company continues focusing on global brand positioning while navigating market challenges.
The performance running brand HOKA, a division of Deckers Brands (NYSE: DECK), has launched a new global campaign titled FLY HUMAN FLY. This initiative aims to inspire runners of all abilities to experience the joy of running. The campaign includes digital activations, out-of-home advertising, and the introduction of the new Mach 5 running shoe, which balances speed and comfort. HOKA is also partnering with Achilles International to support athletes with disabilities. The campaign will enhance brand recognition and showcase HOKA’s commitment to inclusivity and performance.
Deckers Brands (NYSE: DECK) announced the promotion of Angela Ogbechie to Chief Supply Chain Officer, effective June 24, 2022. She has been with Deckers since 2008, most recently serving as SVP, Global Operations & Supply Chain Strategy. This promotion comes as David Lafitte steps down as COO to pursue another opportunity. Ogbechie's role will oversee global supply chain operations, reporting directly to CEO Dave Powers. Powers emphasized the importance of the supply chain in driving the company’s success in fiscal 2022.
Sanuk, a brand under Deckers, has unveiled the sixth collection in its collaboration with the Grateful Dead on June 9, 2022. This new line includes men's and women's footwear made from natural, repurposed, and recycled materials, featuring recognizable band logos. The collection introduces four stylish options with sustainable materials like hemp and recycled polyester, priced between $50 and $70. The launch emphasizes a retro aesthetic and comfort, aiming to resonate with fans of all ages.
Deckers Brands (NYSE: DECK) announced that Wendy Yang will step down as President of Performance Lifestyle after seven years, effective end of May 2022. Stefano Caroti, President of Omni-Channel, will take over on an interim basis while a search for a permanent replacement is conducted. Yang will remain in a consulting capacity until August 15, 2022. Under Yang's leadership, HOKA achieved nearly $900 million in global revenue last fiscal year, showing significant growth and brand adoption.
Deckers Brands (NYSE: DECK) reported a record revenue of $3.150 billion for FY 2022, reflecting a 24% increase from FY 2021, and 48% from FY 2020. Earnings per share rose 21% to $16.26. For FY 2023, the company guides revenue growth between 10-11% and EPS between $17.40-$18.25. The fourth quarter saw a 31.2% increase in net sales, led by a 59.7% surge in HOKA® brand sales. However, gross margin fell to 51.0% from 54.0%.
Sanuk, a division of Deckers Brands (NYSE: DECK), announced a new all-gender footwear collection in collaboration with the Pacific Pride Foundation. Launched on May 10, 2022, this collection includes slip-on and sandal styles, showcasing colorful artwork by artist Maggie Johnson. The initiative celebrates inclusivity and donates $10,000 to the foundation, with an additional $3 per pair sold contributing to LGBTQ+ programs. Retail prices range from $45 to $65.
Deckers Brands (NYSE: DECK) announced a conference call scheduled for May 19, 2022, at 4:30 pm Eastern Time to review its fourth quarter and full fiscal year 2022 results. The call will be accessible via ir.deckers.com and available for at least 30 days after the event. Deckers Brands, known for brands like UGG®, HOKA®, and Teva®, operates in over 50 countries, focusing on innovative footwear, apparel, and accessories.
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