=Guess? (GES) reported earnings on Wed 15 March 2017 (a/h)

Guess? misses by $0.03, misses on revs; guides Q1 EPS below consensus; guides FY18 EPS below consensus, revs below consensus:

• Reports Q4 (Jan) earnings of $0.41 per share, excluding non-recurring items, $0.03 worse than the Capital IQ Consensus of $0.44; revenues rose 3.2% year/year to $679.27 mln vs the $689.05 mln Capital IQ Consensus.
• Co issues downside guidance $$for Q1, sees EPS of ($0.33)-($0.30), excluding non-recurring items, vs. ($0.15) Capital IQ Consensus Estimate. Consolidated net revenues are expected to range between a decline of 0.5% and an increase of 1.5% in U.S. dollars. Currency headwinds are expected to negatively impact consolidated revenue growth by approximately 2.5%..
  Operating margin is expected to be between minus 7.0% and minus 6.0%.
• Co issues downside guidance for FY18, sees EPS of $0.28-0.40, excluding non-recurring items, vs. $0.64 Capital IQ Consensus Estimate; sees FY18 revs of +2-4% (Approx $2.25-$2.30 bln) vs. $2.31 bln Capital IQ Consensus Estimate.
  • Operating margin is expected to be between 2.2% and 3.0% and includes roughly 40 basis points of currency headwind.
• Company's Board of Directors has approved a quarterly cash dividend of $0.225 per share on the Company's common stock. The dividend will be payable on April 13, 2017 to shareholders of record at the close of business on March 29, 2017.