=Guess? (GES) reported earnings on Wed 24 May 2017 (a/h)

Guess? beats by $0.08, beats on revs; guides Q2 EPS below consensus; guides FY18 EPS in-line:

• Reports Q1 (Apr) loss of $0.24 per share, $0.08 better than the Capital IQ Consensus of ($0.32); revenues rose 2.2% year/year to $458.6 mln vs the $449.22 mln Capital IQ Consensus.
  • Americas Retail revenues decreased 14.9% in U.S. dollars and 14.7% in constant currency. Retail comp sales including e-commerce decreased 15% in U.S. dollars and constant currency.
  • Europe revenues increased 23.3% in U.S. dollars and 29.1% in constant currency. Retail comp sales including e-commerce increased 5% in U.S. dollars and 11% in constant currency.
  • Asia revenues increased 16.9% in U.S. dollars and 15.5% in constant currency. Retail comp sales including e-commerce increased 4% in U.S. dollars and 2% in constant currency.
  • Americas Wholesale revenues increased 5.7% in U.S. dollars and 7.7% in constant currency.
  • Licensing revenues decreased 9.3% in U.S. dollars and constant currency.
• Co issues downside guidance for Q2, sees EPS of $0.08-0.11 vs. $0.12 Capital IQ Consensus Estimate. Sees net revenue growth of 2-4%.
  • American Retail comps to be down Low double digit to high single digit; Net revenue down LDD to HSD
  • Europe revenue up mid-teens
  • Asia Revenue up mid to high teens
  • American Wholsesale down mid single digit.
  • Licensing revenue down mid single digit. 
• Co issues in-line guidance for FY18, sees EPS of $0.34-0.44 vs. $0.33 Capital IQ Consensus Estimate. Sees net revenue growth of 3.5-5.0%.
  • American Retail comps to be down Low double digit to high single digit; Net revenue down LDD to HSD
  • Europe revenue up high teens
  • Asia Revenue up mid to high teens
  • American Wholsesale up low single digit.
  • Licensing revenue down mid single digit.