Deckers Outdoor scraps annual forecast on tariff worries, shares fall 8%
ReutersMay 22, 2025 8:21 PM
May 22 (Reuters) - Deckers Outdoor DECK.N said on Thursday it will not provide annual targets due tariff-led macroeconomic uncertainty and forecast first-quarter net sales below estimates, sending its shares down 8% after the bell.
The U.S. is Deckers' largest market by revenue and the company sources about 20% of its products from China.
The company expects first-quarter net sales in the range of $890 million to $910 million, compared with estimates of $925.9 million, according to data compiled by LSEG.
The company's shares have fallen about 37% so far this year.
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