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GOLETA, Calif., Feb. 12, 2024 /PRNewswire/ -- Deckers Brands (NYSE: DECK), a global leader in designing, marketing, and distributing innovative footwear, apparel, and accessories, today announced that it has named Robin Green as its next President of HOKA, effective immediately. Green will serve on the Executive Leadership Team, reporting directly to Dave Powers, Chief Executive Officer and President of Deckers Brands. Green has an extensive track record of leading and operating complex global businesses wh ...

Investors interested in stocks from the Retail - Apparel and Shoes sector have probably already heard of Industria de Diseno Textil SA (IDEXY) and Deckers (DECK) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The proven Zacks ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 For the transition period from to Commission File Number: 001-36436 DECKERS OUTDOOR CORPORATION (Exact name of registrant as specified in its charter) Delaware 95-3015862 FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended December 31, 2023 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 (State or other ...

Shares of footwear and apparel company Deckers Outdoor (DECK 13.86%) soared on Friday following the release of financial results for its fiscal third quarter of 2024. The company achieved record financial results during the quarter, which has sent the stock to a new all-time high this morning. As of 10 a.m. ET, Deckers stock was up 14%.Deckers' record quarterDeckers owns multiple well-known brands, including Hoka and UGG. Its Q3 ended in December. And during the quarter, the company generated record revenue ...

Deckers Outdoor Corporation (DECK) witnessed a 7.8% jump in its share price during the after-market trading session on Feb 1. This spike was in response to the company's outstanding third-quarter performance and optimistic outlook for fiscal 2024. The strong quarterly results were underpinned by the exceptional performance of the HOKA ONE ONE and UGG brands, led by the Direct-to-Consumer (“DTC”) channel and full-price selling.Shares of this Goleta, CA-based company have rallied 38.6% in the past six months ...

Deckers Outdoor Corp. said success of its Ugg boots and Hoka running shoes drove it to its strongest profit and revenue quarter in its history, as long-time Chief Executive Dave Powers announced his retirement during a time of strength for the retailer.Deckers Outdoor also boosted its 2024 outlook after its third-quarter adjusted earnings of $15.11 a share soundly beat the FactSet consensus estimate of $11.49 a share.Third-quarter revenue rose 16% to a revenue of $1.56 billion, well above the analyst estima ...

Financial Data and Key Metrics Changes - Total company revenue increased 16% to $1.56 billion, with DTC revenue rising 23% to represent 55% of total revenue [152][161] - Gross margins for the quarter reached 58.7%, up 580 basis points from last year's 53% [39][152] - Diluted earnings per share increased 44% to $15.11, compared to $10.48 in the previous year [144][152] Business Line Data and Key Metrics Changes - Global HOKA revenue grew 22% to $429 million, with DTC revenue increasing 38% [137][159] - Global UGG revenue reached $1.07 billion, a 15% increase, driven by a 20% rise in DTC [132][152] - Total portfolio DTC revenue increased 28%, with strong growth in consumer acquisition and retention [7][15] Market Data and Key Metrics Changes - HOKA's DTC channel represented over 40% of total brand revenue, up 5 percentage points from last year [137] - UGG's international regions grew close to 30%, contributing to the overall brand growth [7][132] - DTC growth was broad-based, with international DTC increasing 40% and domestic DTC increasing 16% [142] Company Strategy and Development Direction - The company is focused on long-term growth through innovative product development and strategic marketplace management [25][43] - HOKA is seen as the primary growth vehicle, with plans for category expansion and increased brand awareness [43][141] - UGG is diversifying its product line beyond traditional boots, introducing sneakers and performance products [198][201] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the brand's momentum and the ability to sustain growth despite potential macroeconomic challenges [146][167] - The company anticipates continued strong demand for its products, particularly in the DTC channel [57][198] - Future guidance for fiscal year 2024 was raised to approximately $4.15 billion, reflecting strong demand [145][146] Other Important Information - The company repurchased approximately $100 million worth of shares at an average price of $507.95 [16] - The effective tax rate is projected to be approximately 22% [18] - Inventory levels were down 25% year-over-year, indicating strong sell-through and demand [40] Q&A Session Summary Question: What are the drivers of HOKA wholesale growth in Q4? - Management indicated that growth is driven by lean inventory levels, new product sell-in, and door expansion [64] Question: What percentage of UGG's business was from boots versus newer styles? - Management noted that the core Classics are maintained while growth is coming from new styles like the Lowmel sneaker [69][80] Question: How are pricing strategies affecting UGG's revenue? - Management stated that selective price increases on high-performing styles contributed significantly to revenue growth [74][105] Question: What is the long-term potential for UGG's revenue? - Management believes UGG has the potential to double its revenue, particularly with expanded product categories and international growth [124][126] Question: How is the company managing inventory between DTC and wholesale? - Management emphasized a balanced approach to inventory allocation to meet demand across channels [112] Question: What are the expectations for performance-related compensation in 2024? - Management confirmed an increase in performance-related compensation due to strong performance in FY2024 [118]

For the quarter ended December 2023, Deckers (DECK) reported revenue of $1.56 billion, up 16% over the same period last year. EPS came in at $15.11, compared to $10.48 in the year-ago quarter.The reported revenue represents a surprise of +8.47% over the Zacks Consensus Estimate of $1.44 billion. With the consensus EPS estimate being $11.40, the EPS surprise was +32.54%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expe ...

Dave Powers to Retire as President and Chief Executive Officer, Effective August 1, 2024 Chief Commercial Officer Stefano Caroti to Become President and CEO GOLETA, Calif., Feb. 1, 2024 /PRNewswire/ -- Deckers Brands (NYSE: DECK), a global leader in designing, marketing, and distributing innovative footwear, apparel, and accessories, today announced that Dave Powers has decided to retire as President and Chief Executive Officer, effective August 1, 2024. Powers is expected to continue serving as a member o ...