Guess? (GES) reported earnings Tue 24 Nov 2015 (a/h)

** charts before earnings **

 

** charts after earnings **

 

Guess? beats by $0.04, reports revs in-line; guides Q4 in-line :

• Reports Q3 (Oct) earnings of $0.15 per share, $0.04 better than the Capital IQ Consensus of $0.11; revenues fell 11.7% year/year to $521 mln vs the $522.99 mln Capital IQ Consensus.
  • Americas Retail revenues decreased 7% in U.S. dollars and 3% in constant currency; retail comp sales including e-commerce decreased 6% in U.S. dollars and 2% in constant currency; Americas wholesale -12%, -3% ex-FX
  • Europe revenues decreased 15% in U.S. dollars and 2% in constant currency
  • Asia revenues decreased 17% in U.S. dollars and 9% in constant currency
• Co issues in-line guidance for Q4, sees EPS of $0.53-0.62 vs. $0.59 Capital IQ Consensus Estimate; sees Q4 revs of down 4-7% to ~$648-669 mln vs. $661.78 mln Capital IQ Consensus Estimate. Sees Americas comps ~flat; Eur comps +mid single digits, Asia down low teens to MSD