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(1) First quarter guidance seems very conservative at flat sales and a loss of $0.12 per share. This implies a massive hike in SG to approximately 49% of sales assuming gross margins are 46.5%. For sales to be flat wholesale UGG sales classic tall snake uggs sale
would have to be down 15% and eCommerce flattish. I believe management may be giving themselves some room to raise or beat guidance in Q1.
(2) Share repurchases moderated in Q4 from 1.8 classic short uggs sale black
million shares purchased in Q3 to 900k in Q4. real uggs boots sale uk
It will be fake uggs with logo for sale interesting to see how aggressive the company is on share repurchases this year.
(3) Management discussed a relatively young athletic brand Hoka One One designed by and for ultra marathoners. This brand is one reason management believes its "Other brands" can almost double sales this year. This could become a catalyst for growth worth watching.
(4) Management was still talking about the weather uggs classic short sale nederland
(for the second year in a row) which is getting silly. At some point the weather or lack thereof can't be an excuse every year.
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