Deckers Brands, parent company to brands like Ugg, Hoka One One, Teva and Sanuk, announced a review of its strategic alternatives Tuesday, which could result in a sale or other transaction.
The news comes after Deckers Brands reported a rough third quarter that missed expectations. The company reported earnings per share of $1.27, compared to $4.78 earnings per share from one year prior and analysts’ expectations which were set at $4.24. At the time, the company set a course for gross margin improvements and cost cutting measures to help turn things around.
Read more at Vamp.