Following disappointing quarterly guidance, Deckers Outdoor stock dropped 11%, erasing recent gains in the consumer discretionary segment. The company attributed the miss to slower wholesale demand and rising supply-chain costs, which offset direct-to-consumer growth. Analysts said the soft forecast could weigh on sector sentiment as brands face inventory normalization and price pressures. Broader retail indices mirrored the decline, reflecting caution around discretionary spending. Market strategists expect Deckers to adjust production cycles and channel strategy to stabilize margins in coming quarters.