Deckers Outdoor Corporation and Crocs Compete in Niche Footwear Market
What happened
Deckers Outdoor Corporation owns Hoka and Ugg, while Crocs, Inc. owns the clog and HeyDude brands. Both companies operate in the niche footwear market and are noted for their competitive performance. In the most recent quarter, revenue rose 5.7% for Deckers compared to 2.6% for Crocs, which was on a larger revenue base.
From insidermonkey.com
Why it matters
The two companies are trading near eleven times their past year’s earnings. While Crocs has seen a valuation increase of over 50% recently, Deckers is reportedly down about a quarter. This highlights a difference in brand performance and financial health between the two companies.
From insidermonkey.com
Who's involved
- Deckers Outdoor CorporationCompany competing in the niche footwear market alongside Crocs.
- Crocs, Inc.American shoe company competing in the niche footwear market.
- HokaAthletic shoe brand whose performance is tied to Deckers Outdoor Corporation.
- UGGBrand owned by Deckers Outdoor Corporation.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Deckers Outdoor CorporationSpeculative
Deckers Outdoor Corporation might face pressure on its revenue and earnings due to a reported decline of about 25% in the most recent quarter.
Keep exploring
The entities involved
-
Deckers Outdoor Corporation
company
-
Crocs, Inc.
American shoe company
-
Hoka
athletic shoe company from France
Nothing else this week.
Related events
- The event consists of several unrelated corporate facts regarding Deckers/Hoka distribution, Nike/Converse trademarks, and HomeGoods operations.
- Deckers Brands reported strong earnings driven by Ugg and Hoka, while Stefano Caroti was named CEO of the company.
- Jefferies warned On Holding faces tougher growth, and confirmed Deckers Outdoor is the US footwear group behind Hoka.