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 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 a 2.3% increase in net sales for Q1 FY2021, reaching $283.2 million, with a gross margin of 50.3%. The firm saw significant growth in HOKA ONE ONE® brand, up 37.1% to $109.0 million. However, UGG® and Teva® brands experienced declines of 10.0% and 7.9%, respectively. DTC net sales surged 74.2% while wholesale declined by 27.1%. Despite a liquidity position exceeding $1.1 billion, the company refrained from providing full-year guidance due to COVID-19 uncertainties.
Teva, a division of Deckers Brands (NYSE: DECK), has launched an eco-friendly collaboration with Cotopaxi, featuring a limited-edition collection aimed at adventure enthusiasts. The collection utilizes remnant and recycled materials, including the Original Universal sandal and Teca Half-Zip Windbreaker. Priced at $70 and $90 respectively, the products are designed for durability and environmental sustainability. Additionally, Teva and Cotopaxi will donate $40,000 to the Cotopaxi Foundation to support youth leadership initiatives.
Deckers Brands (NYSE: DECK) announced the appointment of Victor Luis to its Board of Directors, effective June 26, 2020. Previously the CEO of Tapestry, Inc., Luis brings significant experience in transforming luxury brands. He replaces James Quinn, who has served on the board since 2011. Luis expressed excitement about joining Deckers and aims to support management in executing global strategies for continued success. Deckers, known for brands like UGG and HOKA ONE ONE, emphasizes innovation in footwear and apparel.