Home > Boards > US Listed > Miscellaneous > Guess?, Inc. (GES)

GES NEWS - Growth Costs Money, upfront...

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Soapy Bubbles Member Profile
 
Followed By 503
Posts 41,211
Boards Moderated 21
Alias Born 09/16/07
160x600 placeholder
GUESS Releases FY2020-2021 Sustainability Report with Best Practice for ESG; Achieves Milestone Reasonable Assurance Examinat... Business Wire - 7/20/2021 11:00:00 AM
Fashion retailer Guess reveals DarkSide ransomware attack Seeking Alpha - 7/12/2021 2:24:06 PM
Amended Statement of Ownership (sc 13g/a) Edgar (US Regulatory) - 7/12/2021 12:08:18 PM
Guess extends CEO contract to 2025 and announces grant of stock options Seeking Alpha - 7/6/2021 5:31:24 AM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 7/2/2021 6:01:54 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 7/2/2021 4:31:55 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 6/28/2021 5:29:41 PM
Initial Statement of Beneficial Ownership (3) Edgar (US Regulatory) - 6/25/2021 4:57:43 PM
Guess?, Inc. Announces Participation at the Jefferies Virtual Consumer Conference Business Wire - 6/16/2021 4:15:00 PM
Quarterly Report (10-q) Edgar (US Regulatory) - 6/4/2021 6:06:29 AM
Guess lands higher price target from Telsey after strong quarter Seeking Alpha - 5/28/2021 7:34:52 AM
Guess declares $0.1125 dividend Seeking Alpha - 5/27/2021 5:59:25 PM
Guess EPS beats by $0.41, beats on revenue Seeking Alpha - 5/27/2021 4:18:45 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 5/27/2021 4:17:01 PM
Guess?, Inc. Reports Fiscal Year 2022 First Quarter Results Business Wire - 5/27/2021 4:15:00 PM
Guess Q1 2022 Earnings Preview Seeking Alpha - 5/26/2021 5:35:44 PM
Specialized Disclosure Report (sd) Edgar (US Regulatory) - 5/26/2021 5:01:51 PM
Proxy Statement (definitive) (def 14a) Edgar (US Regulatory) - 5/26/2021 8:01:55 AM
Guess?, Inc. to Webcast Conference Call on First Quarter Fiscal 2022 Financial Results Business Wire - 5/20/2021 4:58:00 PM
Proxy Statement - Notice of Shareholders Meeting (preliminary) (pre 14a) Edgar (US Regulatory) - 5/7/2021 4:32:03 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 4/30/2021 4:23:58 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 4/16/2021 5:16:47 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 4/15/2021 5:56:52 PM
Guess goes ex-dividend tomorrow Seeking Alpha - 4/12/2021 2:32:21 PM
GUESS?, Inc. Launches GUESS Safe Spaces/Model2Model Business Wire - 4/12/2021 9:00:00 AM
Soapy Bubbles   Thursday, 05/26/11 09:50:17 AM
Re: None
Post # of 22 
GES NEWS - Growth Costs Money, upfront...



Guess Inc.'s (GES) fiscal first-quarter profit slid 15% on weaker margins and
currency-related expenses, although the bottom line topped the apparel maker's
expectations, as results benefited from strong global demand, led by Asia and
Europe.

Shares rose 11% to $44.55 in after-hours trading.

For the current quarter, Guess said it sees earnings of 77 cents to 83 cents a
share on revenue of $645 million to $660 million. Analysts polled by Thomson
Reuters expected 79 cents a share and $650 million, respectively.

Guess also narrowed its full-year revenue target, now seeing $2.74 billion to
$2.8 billion, compared with the March view of $2.72 billion to $2.82 billion. The
company affirmed its full-year earnings target.

The company's expansion in Asia and Europe has fueled top-line growth in recent
quarters, as Guess benefits from brand expansion in new markets such as France,
Spain and the United Kingdom and builds an infrastructure in Hong Kong and
Shanghai to support a retail and wholesale network in Asia.

Meanwhile, the visual presentation of its North American stores has improved
following the March appointment of Nancy Shachtman as president of the North
America division, according to investment firm Sterne Agee, although her first
line won't arrive in stores until late summer. Wedbush Equity Research recently
said the company has improved its denim, tops and dresses, a trend that will
likely persist through the second quarter as Guess clears out inventory.

For the quarter ended April 30, Guess posted a profit of $42.7 million, or 46
cents a share, down from $50.3 million, or 54 cents a share, a year earlier.
Revenue climbed 9.8% to $563.4 million.

In March, the company projected earnings of 41 cents to 44 cents a share on
revenue of $555 million to $570 million, a view that missed analysts' then
expectations.

Gross margin decreased to 42.1% from 43.6%.

Same-store sales in North America declined 3.1% in U.S. dollars, although retail
revenue grew 5%. In Europe and Asia, revenue climbed 12% and 24%, respectively.
North American wholesale revenue jumped 7%.

-By John Kell, Dow Jones Newswires; 212-416-2480; john.kell@dowjones.com

(END) Dow Jones Newswires

May 26, 2011 08:44 ET (12:44 GMT)

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist
Consent Preferences