Deckers Outdoor Corp. Files 2024 10-K
Ticker: DECK · Form: 10-K · Filed: May 24, 2024 · CIK: 910521
| Field | Detail |
|---|---|
| Company | Deckers Outdoor CORP (DECK) |
| Form Type | 10-K |
| Filed Date | May 24, 2024 |
| Risk Level | medium |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $0.01, $514.09 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-K, annual-report, footwear
TL;DR
Deckers Outdoor Corp. 2024 10-K filed. Full financial picture released.
AI Summary
Deckers Outdoor Corp. filed its 10-K for the fiscal year ending March 31, 2024, reporting on its financial performance and business operations. The company, known for brands like UGG and Hoka, detailed its revenue, expenses, and strategic initiatives. Key financial figures and operational highlights for the period were presented, alongside forward-looking statements and risk factors.
Why It Matters
This filing provides investors and analysts with a comprehensive overview of Deckers Outdoor Corp.'s financial health and strategic direction for the fiscal year 2024, impacting investment decisions.
Risk Assessment
Risk Level: medium — The filing contains standard business risks, but the 10-K format inherently involves a comprehensive disclosure of potential risks to the company's operations and financial performance.
Key Numbers
- 2024-03-31 — Fiscal Year End (Reporting period concluded on this date.)
- 2024-05-24 — Filing Date (Date the 10-K was officially submitted to the SEC.)
Key Players & Entities
- DECKERS OUTDOOR CORP (company) — Filer
- 20240331 (date) — Fiscal Year End
- 20240524 (date) — Filing Date
- 250 COROMAR DRIVE (address) — Business and Mail Address
- GOLETA (location) — City
- CA (location) — State
- 93117 (zip_code) — Zip Code
- 8059677611 (phone_number) — Business Phone
- Stefano Caroti (person) — Member
- Steven Fasching (person) — Member
FAQ
What were Deckers Outdoor Corp.'s total revenues for the fiscal year ending March 31, 2024?
The filing indicates the fiscal year ended March 31, 2024, but specific total revenue figures are not provided in this header information.
What is Deckers Outdoor Corp.'s primary business classification?
Deckers Outdoor Corp. is classified under STANDARD INDUSTRIAL CLASSIFICATION: RUBBER & PLASTICS FOOTWEAR [3021].
When was Deckers Outdoor Corp. formerly known as Deckers Footwear Corp.?
The date of the name change from Deckers Footwear Corp. to Deckers Outdoor Corp. was 19930811.
Who are identified as members in the filing context?
Stefano Caroti and Steven Fasching are identified as members, with specific date ranges associated with their roles.
What is the SEC file number for this 10-K filing?
The SEC file number for this 10-K filing is 001-36436.
Filing Stats: 4,382 words · 18 min read · ~15 pages · Grade level 15.6 · Accepted 2024-05-24 14:32:03
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share DECK New York Stock Exchange
- $514.09 — Stock Exchange on that date, which was $514.09. This calculation does not reflect a de
Filing Documents
- deck-20240331.htm (10-K) — 2213KB
- deck3312024exhibit1023.htm (EX-10.23) — 65KB
- deck3312024exhibit1024.htm (EX-10.24) — 75KB
- deck3312024exhibit191.htm (EX-19.1) — 107KB
- deck3312024exhibit211.htm (EX-21.1) — 5KB
- deck3312024exhibit231.htm (EX-23.1) — 2KB
- deck3312024exhibit311.htm (EX-31.1) — 10KB
- deck3312024exhibit312.htm (EX-31.2) — 10KB
- deck3312024exhibit321.htm (EX-32.1) — 8KB
- deck3312024exhibit971.htm (EX-97.1) — 153KB
- deck-20240331_g1.jpg (GRAPHIC) — 115KB
- 0000910521-24-000017.txt ( ) — 11755KB
- deck-20240331.xsd (EX-101.SCH) — 70KB
- deck-20240331_cal.xml (EX-101.CAL) — 99KB
- deck-20240331_def.xml (EX-101.DEF) — 323KB
- deck-20240331_lab.xml (EX-101.LAB) — 865KB
- deck-20240331_pre.xml (EX-101.PRE) — 624KB
- deck-20240331_htm.xml (XML) — 1823KB
Business
Business 3 Item 1A.
Unresolved Staff Comments *
Item 1B. Unresolved Staff Comments * I tem 1C. C yber security 29 Item 2.
Properties
Properties 30 Item 3.
Legal Proceedings
Legal Proceedings 31
Mine Safety Disclosures *
Item 4. Mine Safety Disclosures * PART II Item 5. Market for Registrant ' s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 31 Item 6. [Reserved] * Item 7. Management ' s Discussion and Analysis of Financial Condition and Results of Operations 34 Item 7A.
Quantitative and Qualitative Disclosures about Market Risk
Quantitative and Qualitative Disclosures about Market Risk 49 Item 8.
Financial Statements and Supplementary Data
Financial Statements and Supplementary Data 50
Changes in and Disagreements with Accountants on Accounting and Financial Disclosure *
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure * Item 9A.
Controls and Procedures
Controls and Procedures 51 Item 9B. Other Information 52
Disclosure Regarding Foreign Jurisdictions that Prevent Inspections
Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections * PART III Item 10. Directors, Executive Officers, and Corporate Governance 53 Item 11.
Executive Compensation
Executive Compensation 53 Item 12.
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 53 Item 13. Certain Relationships and Related Transactions, and Director Independence 53 Item 14. Principal Accountant Fees and Services 53 PART IV Item 15. Exhibits and Financial Statement Schedule 53
Signatures
Signatures 56 Index to Consolidated Financial Statements and Financial Statement Schedule F- 1
Form 10-K Summary *
Item 16. Form 10-K Summary * *Not applicable. 1 Table of Contents CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This Annual Report on Form 10-K for our fiscal year ended March 31, 2024 (Annual Report), and the information and documents incorporated by reference within this Annual Report, contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (Securities Act), and Section 21E of the Securities Exchange Act of 1934, as amended (Exchange Act), which statements are subject to considerable risks and uncertainties. These forward-looking statements are intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements other than statements of historical fact contained in, or incorporated by reference within, this Annual Report. We have attempted to identify forward-looking statements by using words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "plan," "predict," "project," "should," "will," or "would," and similar expressions or the negative of these expressions. Specifically, this Annual Report, and the information and documents incorporated by reference within this Annual Report, contain forward-looking statements relating to, among other things: changes in consumer preferences impacting our brands and products, and the footwear and fashion industries; global economic trends, including foreign currency exchange rate fluctuations, changes in interest rates, inflationary pressures, changes in commodity pricing, and recessionary concerns; the ability to effectively compete in a highly competitive footwear, apparel, and accessories industry; our business, operating, investing, capital allocation, marketing, and financing plans and strategies; the operational challenges faced by our warehouses and distribution centers (DCs), wholesale partners, global third-
BUSINESS
ITEM 1. BUSINESS GENERAL We are a global leader in designing, marketing, and distributing innovative footwear, apparel, and accessories developed for both everyday casual lifestyle use and high-performance activities. We market our products primarily under six proprietary brands: UGG, HOKA, Teva, Sanuk, Koolaburra, and AHNU. Our brands compete across the fashion and casual lifestyle, performance, running, and outdoor markets. We believe our products are distinctive and appeal to a broad demographic. We sell our products through quality domestic and international retailers, international distributors, and directly to our global consumers through our DTC business, which is comprised of our Company-owned e-commerce websites and retail stores. We seek to differentiate our brands and products by offering diverse lines that emphasize fashion, authenticity, functionality, quality, and comfort, and products tailored to a variety of activities, seasons, and demographic groups. Independent third-party contractors manufacture all of our products (independent manufacturers). RECENT DEVELOPMENTS On February 1, 2024, Dave Powers announced his intention to retire from his position as Chief Executive Officer (CEO) and President of the Company, effective August 1, 2024. Following this date, we expect Mr. Powers will continue to serve as a member of our Board of Directors. Also on February 1, 2024, we announced that Stefano Caroti, our Chief Commercial Officer, will be appointed as CEO and President, effective August 1, 2024. BRANDS UGG. The UGG brand is one of the most iconic and recognized footwear brands in our industry, which highlights our successful track record of building niche brands into lifestyle and fashion market leaders. With loyal consumers around the world, the UGG brand has proven to be a highly resilient line of premium footwear, apparel, and accessories with expanded product offerings that appeal to a growing global audience and a broad demographic. The