Q4 earnings came in at $0.75 per share, which was better than the $0.72 expected by analysts.
Revenue of $521 million was higher than the $515 million expected. However, comparable store sales fell 2%.
Management also announced guidance that fell short of expectations.
The company expects to earn $0.31 to $0.33 per share in Q1, which was much lower than the $0.38 expected. This is on sales of $377 million to $382 million versus the expectation for $389.6 million.
They expect comparable store sales to grow in the "low to mid-single digits," which is actually better than the 4.2% decline forecasted by analysts.
"2014 is an investment year with an emphasis on strengthening our foundation, reigniting our product engine, and accelerating sustainable and controlled global expansion," said CEO Laurent Potdevin.
The company will hold a conference call at 9:00 a.m. ET to discuss the results.