Deckers Outdoor drops after it scraps annual forecast

Shares of Hoka-owner Deckers Outdoor DECK.N slump ~19% to $101.77 premarket

Co says it would not provide annual targets due to tariff-related economic uncertainty

It forecast Q1 net sales below estimates

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

Avg rating of 23 brokerages is equivalent to "buy," median PT is $130 - as per data compiled by LSEG

U.S. stock futures turn red after President Trump's 50% tariffs recommendation on the European Union

Shares of apparel retailers which rely on European markets also fall in session before the bell after tariff announcement

Under Armour UAA.N down ~3%, while sportswear giants Nike NKE.N and Lululemon LULU.O down about 2% each

Roger Federer-backed On Holding ONON.N shares drop 5%, while casual footwear maker Crocs CROX.O dip 2.6%

Shares of retailer Dick's Sporting Goods DKS.N down ~2%

DECK slumps ~38% YTD through Thursday