NYSE:DECKLuxury
Can Deckers (DECK) Pair Rapid Global Growth With Aggressive Buybacks Without Diluting Its Edge?
Earlier this year, Deckers Outdoor highlighted that its UGG and HOKA brands were expanding internationally, with overseas sales growing 38% year over year, while management kept guidance conservative and absorbed tariffs.
At the same time, the company authorized a very large US$2.20 billion share repurchase program, signaling confidence in its long-term brand strength and capital allocation approach.
We’ll now examine how this combination of rapid international growth and aggressive buybacks...