Deckers Brands reported fourth-quarter results that came in far ahead of Wall Street targets as both Ugg and Hoka benefited from being able to get back in stock on key assortments.
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President Of Performance Lifestyle At Deckers Brands, To Step Down
Wendy Yang, president of Performance Lifestyle at Deckers Brands, is stepping down, effective at the end of the month. The company said Yang would remain in a consulting role through August 15 to allow for a smooth transition.
Deckers Brands Q4 Blows Past Wall Street Targets
Deckers Brands reported earnings vaulted 106 percent in the fiscal fourth quarter ended March 31 as sales gained 31.2 percent. Sales gained 24.7 for Ugg and 59.7 percent for Hoka One One. Sales for the year grew 24 percent and the company guided FY23 growth to be in the range of 10 percent to 11 percent.
Inside The Call: Deckers Brands Sees In-Transit Inventory Levels Double At Year-End
Deckers Brands management pointed to execution on their long-term strategy including driving Hoka growth, diversifying Ugg into a year-round brand, building DTC, and developing the international market, as drivers for a strong fiscal third-quarter performance that outpaced Wall Street expectations.
Deckers Brands Raises Full-Year Guidance
Deckers Brands raised its outlook for its fiscal year ended March 31 after reporting third-quarter earnings topped Wall Street estimates. Sales were in line with estimates. Ugg’s sales in the third quarter increased 7.9 percent while Hoka One One’s grew 30.3 percent.
Deckers X Lab Introduces Lace-Up Slipper Boot For Winter
Deckers X Lab announced it launched the X-Scape SPSK Mid—a hybrid street sneaker that meets the comfort of a slipper with the feel of an athletic shoe. The shoe is the newest edition to its X-Scape series The shoe’s design offers a Twinface shearling upper built into an Xponent HD midsole (a high rebounding, lightweight […]
Deckers X Lab Introduces Lace-Up Slipper Boot For Winter
Deckers X Lab announced it launched the X-Scape SPSK Mid—a hybrid street sneaker that meets the comfort of a slipper with the feel of an athletic shoe. The shoe is the newest edition to its X-Scape series The shoe’s design offers a Twinface shearling upper built into an Xponent HD midsole (a high rebounding, lightweight […]
Deckers Sets Targets To Reduce Its Emissions
Deckers Brands announced it has set science-based targets to reduce its emissions and also released its Fiscal Year 2021 corporate responsibility and sustainability report, “Creating Change.”
Inside The Call: Hoka One One Again Stars For Deckers
Deckers Brands reported sales and earnings missed Wall Street’s targets in its fiscal second quarter ended September 30 as numerous supply chain challenges slowed Ugg’s growth in the quarter. However, the company still maintained its revenue outlook for the full year, driven by its projected 50-plus percent growth at Hoka One One.
Deckers Brands Sees 16 Percent Q2 Growth On Hoka Momentum
Deckers Brands reported sales increased 15.8 percent in its fiscal second quarter ended September 30, led by a 47.0 percent gain for Hoka One One. Ugg’s sales grew 8.0 percent. The company maintained its guidance for the year.
Deckers Brands’ Fashion Lifestyle President Departs
Deckers Brands said Andrea O’Donnell has stepped down as president of its Fashion Lifestyle segment, which includes Ugg and Koolaburra, to accept another opportunity.
Deckers Brands Elects Independent Board Member
Deckers Brands announced the election of David A. Burwick to its Board of Directors. He is CEO of The Boston Beer Company.
Deckers X Lab Releases NVRSTP Pack
Deckers X Lab announced the launch of its NVRSTP pack, a pack aimed to mirror the perception that a body in motion should stay in motion (no matter the activity) with easy access to everything a wearer needs. At the forefront of its design is its weight distribution to enhance balance with 19 easy to […]
Deckers X Lab Releases NVRSTP Pack
Deckers X Lab announced the launch of its NVRSTP pack, a pack aimed to mirror the perception that a body in motion should stay in motion (no matter the activity) with easy access to everything a wearer needs. At the forefront of its design is its weight distribution to enhance balance with 19 easy to […]
Inside The Call: Deckers Ups Forecast On Strong Fiscal Q1; Sees DTC At 50 Percent Of Total Sales
Deckers Brands rode a strong DTC business accelerating and expanding Hoka One One growth, and Ugg orders pulled forward from the next quarter to post better-than-expected results in the fiscal first quarter ended June 30.
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