Deckers Outdoor Corporation (NYSE:DECK) Q3 2023 Earnings Call Transcript

Dave Powers: Yeah, sure. You know, it’s hard to comment on things right now in this quarter. But you know, I think coming out of the year-to-date so far in China, listen, I give our teams over there, the leadership and management team, the way they have managed the last three years in that marketplace with all the challenges from COVID and lockdowns, and you know, consumers not being able to spend, I think we’re in you know, exceptional shape and our brands as considering the marketplace. So the brands, you know, are strong, they’re healthy, they’re in demand, the marketing tactics that we’re employing for both brands over there being more locally relevant, the collabs that we’re doing in UGG, the fashion partnerships, reaching in younger consumer, those are all checking boxes and performing extremely well.

You know, I think what you’ll start to see, and I was talking to the China team the other night, you’re going to start to see consumers come back out. And we feel really good about our chances, you know, for the finish of this year and heading into next year. Keep in mind that, you know, China isn’t a massive business for us yet, we do have long-term aspirations. But I think we’re going to see that consumer come back not only domestically but globally. And that’ll be an interesting dynamic for us and other brands. But we like the way we’re set up the like, we like the way we’re managing the marketplace, the way we’re resourcing it, and then specifically to HOKA you know, so far so good. We’ve invested in our own stores, we’re working with partners on door expansion, creating awareness in the marketplace in an authentic way.

And we’re going to continue on that path because we see just tremendous opportunity for HOKA in the long-term. And so far, we’re seeing good signs from our partners and our retail stores and gives us a lot of confidence that this can be a big success over time.

Chris Nardone: Thanks.

Dave Powers: You bet.

Steve Fasching: You bet.

Operator: Ladies and gentlemen, this concludes our question-and-answer session. And that concludes today’s call. We thank you so much for joining Deckers Brands third quarter fiscal 2023 earnings conference call. And you may now disconnect. Take care.