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No. of Recommendations: 2
I think a lot of people were expecting them to beat estimates as that's quite common for them and they issue conservative guidance. That they missed by a penny on eps I think is less of the issue rather the guidance being lowered significantly is the greater issue. Also their margins are shrinking, I believe as a result of Europe, only the growth in Asia looked especially good and that's a small part of their business. Their fashion also does need some work, their current line isn't looking great. Still the stock looks a little too cheap and they have a pretty good dividend. I think they need to focus on their product line and the rest should follow.
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