Guess? reports EPS in-line, misses on revs; guides Q4 in-line
- Reports Q3 (Oct) earnings of $0.12 per share, excluding non-recurring items, in-linewith the Capital IQ Consensus of $0.12; revenues rose 3.3% year/year to $554 mln vs the $569.75 mln Capital IQ Consensus.
- Americas Retail revenues decreased 13.4% in U.S. dollars and 14.3% in constant currency. Retail comp sales including e-commerce decreased 10% in U.S. dollars and 11% in constant currency.
- Europe revenuesincreased 18.8% in U.S. dollars and 11.9% in constant currency. Retail comp sales including e-commerce increased 10% in U.S. dollars and 4% in constant currency.
- Asia revenues increased 16.8% in U.S. dollars and 18.5% in constant currency. Retail comp sales including e-commerce increased 3% in U.S. dollars and 5% in constant currency.
- Co issues in-line guidance for Q4, sees EPS of $0.48-0.55, excluding non-recurring items, vs. $0.52 Capital IQ Consensus Estimate; sees Q4 revs +10-12% to 647-761 mln vs. $753.75 mln Capital IQ Consensus Estimate.
- "Overall, as I peek into the future of our Company, I believe that Europe and Asia still offer a lot of opportunity and should continue to grow double-digits next year. I expect the profitability in the Americas to continue to benefit from our cost reduction and margin improvement initiatives. Finally, we remain committed to our long-term goal of 7.5% operating margin that we expect to achieve through revenue growth and disciplined cost control."
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