On Thursday Deckers said that it anticipates a first-quarter loss of about
Deckers said that a significant amount of its expenses are fixed and distributed evenly over its quarters, including the costs of 28 new stores that weren't opened until the second half of last year. Citing those late openings, Deckers expects earnings in the first half of this year to be lower than the first half of 2013. The company believes that earnings in the second half of 2014, however, will exceed last year's.
For 2014, Deckers said that it foresees an approximately 9 percent increase in Ugg revenue.
Poser said that even though he was disappointed with Deckers guidance, he views it as an improving company and remains upbeat on the Ugg brand.
"The value proposition of Uggs has improved due to better distribution and much better product offerings across many categories," the analyst wrote.
Poser kept a "Buy" rating and lowered Deckers' price target to
Freedman reiterated an "Outperform" rating and
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