=Guess? (GES) reported earnings on Wed 20 March 19 (a/h)

Guess? misses by $0.05, reports revs in-line; guides Q1 revs in-line; guides FY20 revs in-line

• Reports Q4 (Jan) earnings of $0.70 per share, $0.05 worse than the S&P Capital IQ Consensus of $0.75; revenues rose 5.7% year/year to $837 mln vs the $831.15 mln S&P Capital IQ Consensus.
• Americas Retail revenues decreased 0.7% in U.S. dollars and increased 0.4% in constant currency. Retail comp sales including e-commerce increased 6% in U.S. dollars and 7% in constant currency.
• Europe revenues increased 4.1% in U.S. dollars and 10.0% in constant currency. Retail comp sales including e-commerce were flat in U.S. dollars and increased 6% in constant currency.
• Asia revenues increased 21.7% in U.S. dollars and 25.8% in constant currency. Retail comp sales including e-commerce increased 13% in U.S. dollars and 17% in constant currency. 
• Co issues in-line guidance for Q1, sees Q1 revs growth of 2.5-3.5%, equating to approx $534.3-$539.5 mln vs. $536.52 mln S&P Capital IQ Consensus. Sees GAAP EPS of ($0.29)-($0.25) and GAAP operating margin of (4.5)-(4.0)%
• Co issues in-line guidance for FY20, sees FY20 revs growth of 4-5%,equating to approx $2.71-$2.74 bln vs. $2.72 bln S&P Capital IQ Consensus. Sees GAAP EPS of $1.09-$1.21 and GAAP operating margin of 4.8-5.3%.