Deckers Outdoor set for worst day in over 13 years after scrapping annual forecast

Birkenstock Holding

23/05/2025 15:20

Updates

     ** Shares of Hoka-owner Deckers Outdoor DECK.N slump as much as 23.8% to $96.10 in early trading

** If losses hold, stock set for worst drop since April 2012

** Refrains from providing annual targets due to tariff-related economic uncertainty and forecasts Q1 net sales below estimates

** Direct-to-consumer sales are expected to be pressured in FY26 Q1 but accelerate thereafter, says Piper Sandler

** Shares of Under Armour UAA.N, Lululemon LULU.O and sportswear giant Nike NKE.N down about 2% each

** Crocs CROX.O down nearly 4%, while Roger Federer-backed On Holding ONON.N shares dip about 1%

** Shares of Dick's Sporting Goods DKS.N down 1.5%

** Sector also pressured by U.S. President Donald Trump's 50% tariffs recommendation on the European Union, with broader markets sliding .N

** Shares of German sandal maker Birkenstock BIRK.N, which relies on sales from U.S. markets, fall about 3%

** Latest threats of tariffs ... would drive up costs ... creating fresh challenges for companies already operating on tight margins - Zak Stambor, analyst with eMarketer

** DECK down ~38% YTD, through Thursday close

 (Reporting by Joel Jose and Anuja Bharat Mistry in Bengaluru)

 ((mailto: joeljose@thomsonreuters.com;))