GOLETA, Calif. - Deckers Brands (NYSE: DECK), recognized for its portfolio of footwear and lifestyle brands, has appointed Marco Ellerker as President of Global Marketplace, a role he will assume on August 1, 2024. Ellerker, previously Senior Vice President and General Manager for the EMEA region, Japan, and Distributors Asia Pacific, will now lead the global omni-channel teams.
Ellerker's promotion was announced today, with the incoming CEO and President Stefano Caroti affirming his critical involvement in the company's growth. Dave Powers, the current CEO and President, praised Ellerker's contributions and expressed confidence in his ability to expand the omni-channel strategy and scale the company's brand success further.
Ellerker, who has been with Deckers since 2017, shared his enthusiasm for the new position and his commitment to advancing the company's consumer-centric approach, which has driven significant growth across Deckers' brands.
Deckers Brands, home to UGG®, Koolaburra®, HOKA®, Teva®, Sanuk®, and AHNU®, operates globally, selling products in over 50 countries through various retail channels. The company has been building niche footwear brands into lifestyle market leaders for over 50 years.
This news is based on a press release statement from Deckers Brands.
InvestingPro Insights
As Marco Ellerker steps into his new role at Deckers Brands, the company's financial health and market performance provide a backdrop for its strategic ambitions. With a market capitalization of $21.29 billion, Deckers is showing robust signs of growth and stability. The brand's revenue over the last twelve months as of Q3 2024 stood at a strong $4.12 billion, marking a growth of 15.34%. This performance is further underscored by an impressive gross profit margin of 54.43%, reflecting the company's ability to maintain profitability amidst global market pressures.
Investors have been rewarding Deckers' performance, evidenced by a significant 6-month price total return of 67.19% and a year-to-date price total return of 24.09%. These figures suggest that the market is responding positively to Deckers' business strategies and brand portfolio management. The company's financial discipline is also highlighted by an InvestingPro Tip indicating that Deckers holds more cash than debt on its balance sheet, providing a cushion for strategic initiatives and potential market downturns.
Moreover, Deckers is trading at a low P/E ratio relative to near-term earnings growth, with a P/E ratio of 29.77. This InvestingPro Tip suggests that the company's stock may be undervalued considering its earnings trajectory, offering an opportunity for investors looking at the company's future potential.
For those interested in a deeper dive into Deckers' financials and market outlook, InvestingPro offers additional insights and tips. Currently, there are 14 more InvestingPro Tips available that could help investors make more informed decisions. To explore these further, visit InvestingPro's dedicated page for Deckers at https://www.investing.com/pro/DECK. Plus, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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