Deckers Outdoor Corporation reports developments across its Deckers Brands portfolio of footwear, apparel and accessories, led by UGG, HOKA and Teva. News commonly covers UGG lifestyle collections and cultural campaigns, HOKA performance running launches such as trail and race-day footwear, and Teva outdoor sandals and adventure-oriented collections.
Company updates also include quarterly financial results, fiscal outlook commentary, and marketplace trends across wholesale partners, company-operated retail stores and direct-to-consumer e-commerce in more than 50 countries and territories.
Deckers Brands (NYSE: DECK) reported strong financial results for Q1 FY 2023, achieving net sales of $614.5 million, a 21.8% increase compared to the previous year. The HOKA brand alone contributed $330 million in sales, marking a growth of 54.9%. The company's operating margin guidance remains at 17.5%-18.0%, while EPS guidance has been raised to $17.50-$18.35. Additionally, a share repurchase authorization was increased by $1.2 billion, reflecting confidence in future growth.
Deckers Brands (NYSE: DECK) will hold a conference call on July 28, 2022, at 4:30 pm Eastern Time to discuss its first-quarter fiscal 2023 results. The call will be broadcast live at ir.deckers.com and available for replay for at least 30 days afterward. Deckers Brands is known for its innovative footwear, apparel, and accessories, including popular brands like UGG®, HOKA®, and Teva®. The company operates in over 50 countries, showcasing its diverse product portfolio.
Teva, part of Deckers Brands (NYSE: DECK), has launched a collaboration with eyewear designers Coco and Breezy, introducing a new capsule collection featuring sandals and sunglasses made from earth-conscious materials. This collection, which emphasizes inclusivity and self-expression, includes the Hurricane XLT2 sandals and matching sunglasses, retailing between $60 to $90. The sandals are crafted with premium materials, while the sunglasses showcase eco-friendly acetate frames. To support environmental initiatives, Teva is donating $25K to the Intersectional Environmentalist's Earth Sessions program.
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.
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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.