Deckers Outdoor Corporation
Deckers Outdoor Reports Strong Q3 Results and Raises Full-Year Guidance
Summary
Deckers Outdoor Corporation reported a 16% increase in Q3 revenue to a record $1.56 billion and a 44% increase in diluted EPS to $15.11. The company raised its revenue guidance for the fiscal year to approximately $4.15 billion and its diluted EPS guidance to a range of $26.25-$26.50. The strong performance was driven by the HOKA and UGG brands, with the DTC channel and full-price selling contributing significantly. The company also announced the repurchase of 196 thousand shares of its common stock for $99.7 million during the quarter.
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About Deckers Outdoor Corporation
Deckers Outdoor Corporation is renowned for designing, marketing, and distributing footwear, apparel, and accessories under a portfolio of niche brands. The company's primary focus is on leveraging its innovative product design to cater to diverse consumer lifestyles and functional needs. Notably, its brand UGG is globally recognized for its distinctive boots, shoes, and slippers made from sheepskin and wool, appealing to fashion-conscious and comfort-seeking customers alike. Deckers also owns other prominent brands such as HOKA ONE ONE, Teva, and Sanuk, each serving different market segments from outdoor enthusiasts to urban adventurers. Deckers Outdoor Corporation's strategic emphasis on building brand loyalty and expanding its direct-to-consumer channels has significantly heightened its market profile. By taking advantage of e-commerce platforms and international markets, Deckers continues to amplify its global reach. Headquartered in Goleta, California, the corporation plays a pivotal role in the apparel and accessories industry, consistently pushing forward the boundaries of innovation and sustainability while addressing both casual and performance-based consumer needs across various geographies.
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