DECK — what changed in the latest 10-K

Text added vs the prior filing · source: 10-K · 2026-05-22

• We are a global leader in designing, marketing, and distributing innovative footwear, apparel, and accessories

• developed for both everyday casual lifestyle use and high-performance activities. We market our products primarily

• Our brands compete across the fashion and casual lifestyle, performance, running, and outdoor markets. We

• believe our products are distinctive and appeal to a broad demographic. Our brands sell our products through

• quality domestic and international retailers and international distributors in our wholesale channel, and directly to

Text removed vs the prior filing · source: 10-K · 2025-05-23

• We are a global leader in designing, marketing, and distributing innovative footwear, apparel, and accessories developed for both everyday casual lifestyle use and high-performance activities. We market our products primarily under five proprietary brands: UGG, HOKA, Teva, AHNU, and Koolaburra. Our …

• Koolaburra Brand. During the third quarter of fiscal year 2025, we began taking steps to phase out our standalone operations for the Koolaburra brand in order to maintain focus on our most significant organic opportunities. We closed Koolaburra.com as of March 31, 2025, and plan to wind down the Koo…

• Sanuk Brand Asset Sale. We completed the sale of our Sanuk brand and certain related assets on August 15, 2024 (Sanuk Brand Sale Date). Refer to the section titled “The Company,” in Note 1, “General,” of our consolidated financial statements in Part IV within this Annual Report for further informati…

• Forward Stock Split and Authorized Share Increase. On September 13, 2024, we effected a stock split and an authorized share increase. Our financial results included within this Annual Report have been retroactively adjusted to reflect the effectiveness of the stock split and the authorized share inc…

• UGG. The UGG brand is one of the most iconic and recognized footwear brands in our industry, which highlights our successful track record of building niche brands into lifestyle and fashion market leaders. With loyal consumers around the world, the UGG brand has proven to be a highly resilient consu…

Text added vs the prior filing · source: 10-K · 2026-05-22

• Our short and long-term success is subject to numerous risks and uncertainties, many of which involve factors that

• are difficult to predict or beyond our control. As a result, investing in our common stock involves substantial risk.

• Before deciding to purchase, hold or sell our common stock, stockholders and potential stockholders should

• carefully consider the risks and uncertainties described below, in addition to the other information contained in or

• incorporated by reference into this Annual Report, as well as the other information we file with the SEC. If any of

Text removed vs the prior filing · source: 10-K · 2025-05-23

• Our short and long-term success is subject to numerous risks and uncertainties, many of which involve factors that are difficult to predict or beyond our control. As a result, investing in our common stock involves substantial risk. Before deciding to purchase, hold or sell our common stock, stockho…

• Certain statements made in this section constitute “forward-looking statements,” which are subject to numerous risks and uncertainties including those described in this section. Refer to the section entitled “Cautionary Note Regarding Forward-Looking Statements” within this Annual Report for additio…

• The footwear, apparel, and accessories industry is subject to rapid changes in consumer preferences, and if we do not accurately anticipate and promptly respond to consumer demand and spending patterns, including by successfully introducing new products, we could lose sales, our relationships with c…

• The footwear, apparel, and accessories industry is subject to rapid changes in consumer preferences and fashion tastes, which make it difficult to anticipate demand for our products and forecast our financial results. Our success is driven to some extent by brand loyalty, and there can be no assuran…

• Further, the value of our brands is based on evolving consumer perceptions, including as a result of shifting ethical, political or social standards, and concerns with respect to product pricing, quality, design, technical performance, components or materials (including their sustainability), or cus…

Text added vs the prior filing · source: 10-K · 2026-05-22

• As part of our global policing program to protect our intellectual property rights, from time to time, we file lawsuits in

• various jurisdictions asserting claims for alleged acts of trademark counterfeiting, trademark infringement, patent

• infringement, trade dress infringement, and trademark dilution. We generally have multiple actions such as these

• pending at any given point in time. These actions may result in seizure of counterfeit merchandise, out-of-court

• settlements with defendants, or other outcomes. In addition, from time to time, we are subject to claims in which

Text removed vs the prior filing · source: 10-K · 2025-05-23

• As part of our global policing program to protect our intellectual property rights, from time to time, we file lawsuits in various jurisdictions asserting claims for alleged acts of trademark counterfeiting, trademark infringement, patent infringement, trade dress infringement, and trademark dilutio…

• From time to time, we are involved in various legal proceedings, disputes, and other claims arising in the ordinary course of business, including employment, intellectual property, and product liability claims. Although the results of these ordinary course matters cannot be predicted with certainty,…

Text added vs the prior filing · source: 10-K · 2026-05-22

• The following discussion of our financial condition and results of operations should be read together with our

• consolidated financial statements in Part IV within this Annual Report. This discussion includes an analysis of our

• financial condition and results of operations for the years ended March 31, 2026, and 2025 and year-over-year

• comparisons between those periods. For an analysis of our financial condition and results of operations for the

• years ended March 31, 2025, and 2024 and year-over-year comparisons between those periods, refer to Part II,

Text removed vs the prior filing · source: 10-K · 2025-05-23

• The following discussion of our financial condition and results of operations should be read together with our consolidated financial statements in Part IV within this Annual Report. This discussion includes an analysis of our financial condition and results of operations for the years ended March 3…

• Certain statements made in this section constitute “forward-looking statements,” which are subject to numerous risks and uncertainties. Our actual results of operations may differ materially from those expressed or implied by these forward-looking statements as a result of many factors, including th…

• Unless otherwise indicated, all figures herein are expressed in thousands, except for per share and share data.

• We are a global leader in designing, marketing, and distributing innovative footwear, apparel, and accessories developed for both everyday casual lifestyle use and high-performance activities. We market our products primarily under five proprietary brands: UGG, HOKA, Teva, AHNU, and Koolaburra. Our …

• Consolidated financial performance highlights for fiscal year 2025, compared to fiscal year 2024 (the prior period), were as follows:

Text added vs the prior filing · source: 10-K · 2026-05-22

• In the normal course of business, our financial condition and results of operations are subject to a variety of market

• risks, including those associated with commodity prices; foreign currency exchange rates; and inflation, and, to a

• lesser extent, interest rates and credit risks. We regularly assess these risks and have established policies and

• business practices designed to mitigate their effects. There have been no material changes in our primary risk

• exposures or management of market risks since the prior year.

Text removed vs the prior filing · source: 10-K · 2025-05-23

• In the normal course of business, our financial position and results of operations are subject to a variety of risks, including risks associated with commodity pricing, foreign currency exchange rates and, to a lesser extent, interest rates. There have been no material changes in our primary risk ex…

• We are exposed to commodity price fluctuations associated with the cost of raw materials used in our manufacturing process, including sheepskin and sugarcane-derived EVA (collectively, commodities).

• To manage price volatility and ensure availability for our commodities, we currently enter into fixed purchasing contracts with designated suppliers of sheepskin and, at times, sugarcane-derived EVA. Our fixed pricing agreements are non-cancellable and may be subject to fees, including certain sheep…

• Refer to the subsection titled “Contractual Obligations” under the section “Liquidity” within Part II, Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” and Note 7, “Commitments and Contingencies,” of our consolidated financial statements in Part IV wit…

• Although most of our sales and inventory purchases are denominated in US dollars, our global operations in the international markets where our products are sold and manufactured expose us to risk of foreign currency exchange rate fluctuations between the US dollar and primarily the currencies of Eur…