Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Deckers Drops Most in More Than a Year on Forecasted Loss

Deckers Outdoor Corp., the maker of Ugg boots and Teva sandals, dropped the most in more than a year after forecasting an unexpected first-quarter loss.

The Goleta, California-based company projected a loss of 16 cents a share for the current quarter. Analysts had estimated a profit of 10 cents on average, according to data compiled by Bloomberg.

The operating expenses of opening 28 additional stores is weighing on profit, the company said yesterday in a statement. Revenue also will grow 6 percent in the period, Deckers said. That was half the 12 percent rate that analysts predicted.

Deckers fell 12 percent to $74.35 at the close in New York for the biggest one-day decline since Oct. 26, 2012. The shares have slid 12 percent this year, compared with a 0.2 percent drop for the Standard & Poor’s 500 Consumer Discretionary Index.

In the fourth quarter, Deckers reported a 44 percent jump in net income to $140.9 million, or $4.04 share, from $98.1 million, or $2.77, a year earlier. Revenue advanced 19 percent to $736 million.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.