Business

Market Movers

Ugg maker loses it footing on forecast

Former Celtic Cedric Maxwell attended the opening of the Ugg store on Newbury Street in 2011.

Barry Chin/GLOBE STAFF/File

Former Celtic Cedric Maxwell attended the opening of the Ugg store on Newbury Street in 2011.

Advertisement

Deckers Outdoor Corp. fell after the maker of Ugg footwear surprised investors by forecasting a loss. Deckers said it anticipates a first-quarter loss of about 16 cents per share. Analysts had expected a profit of 11 cents. Deckers cited costs tied with later openings of 28 new stores as part of the lower forecast. The company believes that earnings in the second half of 2014, however, will exceed last year’s. For 2014, Deckers said it foresees about a 9 percent increase in Ugg revenue.

Loading comments...
You're reading  1 of 5 free articles.
Get UNLIMITED access for only 99¢ per week Subscribe Now >
You're reading1 of 5 free articles.Keep scrolling to see more articles recomended for you Subscribe now
We hope you've enjoyed your 5 free articles.
Continue reading by subscribing to Globe.com for just 99¢.
 Already a member? Log in Home
Subscriber Log In

We hope you've enjoyed your 5 free articles'

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com
Already a subscriber?
Your city. Your stories. Your Globe.
Yours FREE for two weeks.
Enjoy free unlimited access to Globe.com for the next two weeks.
Limited time only - No credit card required!
BostonGlobe.com complimentary digital access has been provided to you, without a subscription, for free starting today and ending in 14 days. After the free trial period, your free BostonGlobe.com digital access will stop immediately unless you sign up for BostonGlobe.com digital subscription. Current print and digital subscribers are not eligible for the free trial.
Thanks & Welcome to Globe.com
You now have unlimited access for the next two weeks.
BostonGlobe.com complimentary digital access has been provided to you, without a subscription, for free starting today and ending in 14 days. After the free trial period, your free BostonGlobe.com digital access will stop immediately unless you sign up for BostonGlobe.com digital subscription. Current print and digital subscribers are not eligible for the free trial.