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Visu uses AI to transform SEC filings and press releases into accurate summaries of earnings and key company events.
Deckers Outdoor Stockholders Approve Key Proposals at Meeting
On September 8, 2025, Deckers Outdoor Corporation held its Annual Meeting of Stockholders, with approximately 88% of outstanding shares represented. Stockholders elected ten directors to serve until the next annual meeting in 2026 and ratified KPMG LLP as the independent accounting firm for the fiscal year ending March 31, 2026.
Additionally, stockholders approved the compensation of the Company's named executive officers in a non-binding advisory vote. The details of these proposals were outlined in the definitive proxy statement filed with the SEC prior to the meeting.
linkSep 11, 2025 16:33:08
Deckers Outdoor Reports Q1 Results and Board Changes
Deckers Outdoor Corporation announced its financial results for the first quarter of fiscal year 2026, reporting a revenue increase of 17% to $965 million and a diluted earnings per share rise of 24% to $0.93. The HOKA and UGG brands showed significant growth, with net sales increasing by 19.8% and 18.9%, respectively. However, domestic sales saw a decline of 2.8%, while international sales surged by 49.7%. The company also repurchased approximately 1.7 million shares during the quarter, with $2.4 billion remaining under its stock repurchase authorization.
Additionally, Dave Powers is retiring from the Board of Directors and will not stand for reelection at the upcoming Annual Meeting on September 8, 2025. Patrick J. Grismer has been nominated for election to the Board, bringing over 35 years of financial leadership experience from major consumer companies. The Board expressed confidence in Grismer's ability to contribute to Deckers’ growth and value creation strategy as it continues to navigate the evolving global trade environment.
linkJul 24, 2025 16:11:59
Deckers Brands Reports Record Revenue and EPS for FY 2025
Deckers Brands announced its financial results for the fourth quarter and full fiscal year 2025, reporting a revenue increase of 16% to a record $4.99 billion. The diluted earnings per share rose by 30% to a record $6.33. The growth was driven by significant revenue increases in its HOKA and UGG brands, which saw respective growth rates of 24% and 13%. The company also highlighted a gross margin improvement to 57.9% and an increase in operating income to $1.179 billion compared to the previous year.
Additionally, Deckers Brands has authorized an increase in its share repurchase program to $2.5 billion, reflecting its strong cash position of $1.889 billion and sustainable cash flow generation. During the fiscal year, the company repurchased approximately 3.8 million shares for a total of $567 million. The company did not provide full-year guidance for fiscal year 2026 due to macroeconomic uncertainties but offered preliminary estimates for the first fiscal quarter, expecting net sales between $890 million and $910 million.
linkMay 22, 2025 16:07:32
Deckers Brands Reports 17% Revenue Growth in Q3 FY 2025
Deckers Brands announced a 17% increase in revenue for the third quarter of fiscal year 2025, reaching a record $1.83 billion. Diluted earnings per share also rose by 19% to $3.00. The company's direct-to-consumer sales grew significantly, with UGG and HOKA brands showing strong performance. Additionally, the company raised its revenue growth guidance for the full fiscal year to approximately 15%, indicating consistent growth in recent years.
However, not all brands performed positively; Teva and other brands saw declines in net sales, with Teva's sales decreasing by 6% and other brands down by 16.6%. Selling, general, and administrative expenses increased notably, rising to $535.3 million compared to the previous year. Despite these challenges, the company maintained a strong cash position with $2.24 billion in cash and cash equivalents, and no outstanding borrowings.
linkJan 30, 2025 16:09:46
Deckers Brands Reports Strong Second Quarter Financial Results
Deckers Brands has announced impressive financial results for the second quarter of fiscal year 2025, with revenues rising by 20% to $1.31 billion and diluted earnings per share increasing by 39% to $1.59. The company also raised its revenue and earnings guidance for the full fiscal year, reflecting strong consumer demand for its popular brands, HOKA and UGG. The overall performance indicates a solid growth trajectory, supported by effective execution of its long-term strategy and a focus on consumer needs.
However, not all brands performed equally well; while HOKA and UGG saw significant sales increases, the Sanuk brand experienced a sharp decline of nearly 48%. Additionally, selling, general, and administrative expenses rose to $428.2 million, which may raise concerns about cost management. Despite these challenges, Deckers Brands maintains a strong cash position and has continued share repurchases, reflecting confidence in its future performance.
linkOct 24, 2024 16:07:19
Deckers Brands Approves Stock Split to Enhance Accessibility
Deckers Brands has received stockholder approval for a six-for-one stock split, aimed at making shares more affordable and appealing to a wider range of investors, including employees. This decision reflects the company's commitment to increasing accessibility and fostering greater investment in its stock. The stock split will take effect on September 17, 2024, with additional shares distributed to stockholders shortly before.
The announcement comes as a positive development for Deckers Brands, a company known for its innovative footwear and apparel. By increasing the number of authorized shares, the company aims to attract more interest and participation from investors, potentially enhancing its market presence. Overall, this strategic move is expected to strengthen Deckers Brands' position in the competitive footwear and apparel industry.
linkSep 13, 2024 16:13:41
Deckers Brands Reports Strong Q1 Results and Outlook
Deckers Brands achieved a 22% revenue increase to $825 million in Q1 FY 2025, with diluted earnings per share rising 87% to $4.52. The company raised its EPS guidance for the full year, driven by strong demand for HOKA and UGG products. However, sales for Teva and Sanuk brands declined. The company also repurchased shares and plans to divest the Sanuk brand soon. Overall, the results reflect a positive start to the fiscal year, despite some brand challenges.
linkJul 25, 2024 16:10:55
Deckers Brands Board Approves Six-for-One Stock Split
Deckers Brands' Board approved a six-for-one forward stock split to make shares more affordable to a wider group of investors. The split is pending stockholder approval and aims to enhance liquidity and attract potential shareholders. Trading expected to start on a post-split basis in mid-September. Deckers Brands, a global leader in innovative footwear and apparel, plans to distribute additional shares after the split, following the upcoming annual meeting. The Company's strong financial performance and strategic plan led to this decision.
linkJul 12, 2024 09:07:25
Deckers Brands Achieves Record Revenue and Earnings in FY 2024
Deckers Brands reports a successful fiscal year 2024 with an 18% revenue increase to $4.29 billion and a 51% rise in diluted EPS. The company forecasts a 10% revenue growth for FY 2025. HOKA and UGG brands show strong performance. Gross margin improved, operating income increased, and the stock repurchase program was active. CFO highlights consistent revenue growth and earnings increase, emphasizing brand strength. The company remains focused on investments to sustain brand momentum.
linkMay 23, 2024 16:07:41
Deckers Brands CEO to Retire, Chief Commercial Officer to Succeed
Dave Powers to retire as CEO, to be succeeded by Stefano Caroti. Powers will continue as a board member. Caroti praised for industry experience and leadership. Deckers Brands expresses confidence in smooth transition and continued success. Caroti set to lead the company with over 32 years of industry experience.
linkFeb 01, 2024 16:11:29