=Guess? (GES) reported earnings on Tue 26 Nov 2018 (a/h)

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

Reports Q3 (Oct) earnings of $0.22 per share, $0.04 better than the S&P Capital IQ Consensus of $0.18; revenues rose 1.8% year/year to $615.9 mln vs the $620.52 mln S&P Capital IQ Consensus.

Americas Retail revenues decreased 4.9% in U.S. dollars and 4.5% in constant currency. Retail comp sales including e-commerce decreased 3% in U.S. dollars and constant currency.

Americas Wholesale revenues increased 7.0% in U.S. dollars and 8.1% in constant currency.

Europe revenues increased 9.1% in U.S. dollars and 13.2% in constant currency. Retail comp sales including e-commerce increased 1% in U.S. dollars and 5% in constant currency.

Asia revenues decreased 8.0% in U.S. dollars and 4.6% in constant currency. Retail comp sales including e-commerce decreased 21% in U.S. dollars and 19% in constant currency.

Co issues in-line guidance for Q4, sees EPS of $1.07-$1.12 vs. $1.09 S&P Capital IQ Consensus. Sees consolidated net revenue growth of 1.0-2.0% in USD. Sees adjusted operating margin of 11.5-12.0%.

Earnings this week : Nov 25 - 29, 19 (wk 48)

Monday (Nov 25)

• Morning: JEC
• Afternoon: A AMBA BECN CAL GBDC HPE MTSC NTNX PANW PVH SR

Tuesday (Nov 26)

• Morning: ANF AMWD ADI BNS BBY BITA BURL CHS CBRL DKS DLTR DY EV HRL MOMO MOV TECH TITN
• Afternoon: ADSK BOX CENT DELL GES HPQ KEYS QADA VEEV VMW

Wednesday (Nov 27)

• Morning: DAKT DE DOYU FRO UXIN

Thursday (Nov 28)

• Holiday (Thanksgiving)

Friday (Nov 29) 

Stock market will close early at 1:00 p.m. on Friday, November 29, 2019 (the day after Thanksgiving).

• none

=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%.

Guess? (GES) CEO Victor Herrero to leave the company effective February 2

Los Angeles-based Guess (NYSE: GES) said Chief Executive Victor Herrero is leaving the company and will be replaced by Lucky Brand Chairman and CEO Carlos Alberini. Guess didn’t give a reason for Herrero’s departure.

• Alberini will assume the Guess CEO role after he leaves Lucky Brand, where he has been chairman and CEO since 2014.
• Alberini is returning to Guess, where he was president and chief operating officer from 2000 to 2010. After leaving Guess, Alberini became co-CEO of Restoration Hardware until 2014, and a board member of Restoration Hardware from 2010 until the present.
• In addition, Guess said Paul Marciano, the company's co-founder, will remain as chief creative officer, on an "at will" basis. 

 

Guess Inc. co-founder Paul Marciano is staying on as chief creative officer

Paul Marciano resigned as executive chairman last year after an internal investigation into claims of sexual assault and harassment. The month-long investigation began after model Kate Upton accused Marciano on Instagram of sexual and emotional harassment. He was replaced last June by his brother Maurice.

Víctor Herrero has a degree in Law from the University of Zaragoza and a degree in Business Administration from the prestigious Parisian business school  ESCP Europe. Herrero also has an MBA from the  Kellogg School of Management at Northwestern University in Illinois (USA).

As of November 2018, the Guess directly operated 1,108 retail stores in the Americas, Europe and Asia. The company’s licensees and distributors operated 584 additional retail stores in roughly 100 countries.

=Guess? (GES) reported earnings on Wed 21 March 18 (a/h)

• 3/21:  ##1, 97; vol. 2.7M

Guess? beats by $0.08, beats on revs; guides Q1 EPS below two analyst estimate, revs above two analyst estimate; guides FY19 EPS and rev above consensus 

• Reports Q4 (Jan) earnings of $0.62 per share, excluding non-recurring items, $0.08 better than the Capital IQ Consensus of $0.54; revenues rose 17.5% year/year to $792 mln vs the $755.64 mln Capital IQ Consensus.
• Co issues guidance for Q1, sees EPS of ($0.27-0.24) vs. ($0.18) two analyst estimate; sees Q1 revs of +11.0-12.5% to ~$504-511 mln vs. $477.65 mln two analyst estimate.
• Co issues upside guidance for FY19, sees EPS of $0.86-0.98 vs. $0.85 Capital IQ Consensus Estimate; sees FY19 revs of +7-8% ~$2.53-2.55 bln vs. $2.45 bln Capital IQ Consensus Estimate.

=Guess? (GES) reported earnings on Tue 21 November 2017 (a/h)

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." 

=Guess? (GES) reported earnings on Wed 23 August 2017 (a/h)

• 8/23:  #2, 6, 22, 61, 95, 97  vol. 6.6 M

Guess? beats by $0.09, beats on revs; guides Q3 EPS below consensus, revs above consensus; guides FY18 EPS above consensus, revs above consensus

• Reports Q2 (Jul) earnings of $0.19 per share, $0.09 better than the Capital IQ Consensus of $0.10; revenues rose 5.3% year/year to $573.69 mln vs the $559.82 mln Capital IQ Consensus.
  • Americas Retail revenues decreased 11.2% in U.S. dollars and 10.8% in constant currency. Retail comp sales including e-commerce decreased 10% in U.S. dollars and constant currency.
  • Europe revenues increased 20.1% in U.S. dollars and 18.8% in constant currency. Retail comp sales including e-commerce increased 5% in U.S. dollars and constant currency.
  • Asia revenues increased 17.5% in U.S. dollars and 17.1% in constant currency. Retail comp sales including e-commerce increased 7% in U.S. dollars and 6% in constant currency.
  • Americas Wholesale revenues increased 6.6% in U.S. dollars and 6.8% in constant currency.
    Licensing revenues decreased 0.2% in U.S. dollars and constant currency.
• Co issues mixed guidance for Q3, sees EPS of $0.08-0.11 vs. $0.12 Capital IQ Consensus Estimate; sees Q3 revs of +4.0-6.0% to $558-568 mln, excluding non-recurring items, vs. $553.78 mln Capital IQ Consensus Estimate.
• Co issues upside guidance for FY18, sees EPS of $0.52-0.60, excluding non-recurring items, vs. $0.40 Capital IQ Consensus Estimate; sees FY18 revs of +6-7.5% to ~$2.3-$2.4 bln vs. $2.28 bln Capital IQ Consensus Estimate.
• Victor Herrero, Chief Executive Officer, commented, "We are pleased to report that our adjusted second quarter results finished above the high-end of our expectations for operating margin and earnings per share. Overall, the Company revenues increased 5%, operating margin expanded 120 basis points and operating profit grew 49% compared to last year's second quarter. We continue to see the results of our efforts in Europe and Asia, where our revenues were up 20% and 17%, respectively, mainly driven by new store openings, wholesale growth and positive comp sales. We are also encouraged by the trends in operating margins for these two regions, as they expanded in the quarter relative to last year. In the Americas Retail, as our performance and the business environment remains soft, we continue to focus on shrinking our footprint and profitability improvements."

=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.

=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.

=Guess? (GES) reported earnings on Wed 30 October 2016 (a/h)

Guess' (GES) Q3 Earnings, Sales Miss; 2018 View Lowered

After reporting an earnings beat in the second quarter of fiscal 2017, apparel retailer Guess’, Inc. GES succumbed to a negative surprise of 21.4% during the third quarter. In fact, we note that in the trailing four quarters (including the quarter under review), the retailer has missed the consensus mark thrice. The dismal performance weighed upon the stock and its price dipped 13.2% in the pre market trading on Dec 1, 2016, a day after the company released its earnings.

In fact, so far this year, the shares of this apparel retailer have declined 18.9%, underperforming the Zacks Categorized Textile-Apparel Manufacturing market, which has showcased a decline of 6.5%.

Guess’ reported adjusted earnings of 11 cents per share, which missed the Zacks Consensus Estimate of 14 cents by 21.4%. Earnings came in at the lower end of management’s projected earnings range of 11–16 cents. Further, the bottom line declined 26.7% from the year-ago result. However, currencies did not have a meaningful impact on diluted earnings per share in the third quarter of fiscal 2017. Soft results compelled management to lower fiscal 2018 guidance during the quarter.

Guess? (GES) reported earnings on Wed 24 Aug 2016 (a/h)

• Guess? beat bottom-line estimates for the quarter and raised its full-year earnings outlook above consensus.

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Guess? (GES) reported earnings on Wed 16 March 2016 (a/h)

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

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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

Great trade : GES (July - Oct' 15)

 a week later:  10/16/15

a month later: the stock crashed

GES - NR

Guess (GES) reports earnings Wed 28 Aug 2013 a/h

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After Hours: 32.36 +5.05 (18.49%)

Guess? beats by $0.17, beats on revs; guides Q3 EPS below consensus, revs in-line; raises FY14 EPS in-line, lowers FY14 revs in-line (GES) 27.31 +0.08 : Reports Q2 (Jul) earnings of $0.52 per share, $0.17 better than the Capital IQ Consensus Estimate of $0.35; revenues rose 0.5% year/year to $639.0 mln vs the $622.87 mln consensus.

Co issues guidance for Q3, sees EPS of $0.34-0.38 vs. $0.40 Capital IQ Consensus Estimate; sees Q3 revs of $610-620 mln vs. $614.52 mln Capital IQ Consensus Estimate. 

Co issues in-line guidance for FY14, raises  EPS of $1.78-1.92 from prior guidance of $1.70-1.90 vs. $1.81 Capital IQ Consensus Estimate;lowers FY14 revs to $2.56-2.59 bln from prior guidance of $2.57-2.61 bln vs. $2.58 bln Capital IQ Consensus Estimate. 

Comparable store sales for the second quarter of fiscal year 2014 decreased 2.0% in U.S. dollars and 1.7% in constant currency compared to the same period a year ago. The Company directly operated 507 retail stores in the United States and Canada at the end of the second quarter of fiscal 2014 versus 511 stores a year earlier. 

North American Retail revenues increased 1%; retail comp sales decreased 2%. European revenues increased 1% in U.S. dollars and decreased 3% in local currency. Asian revenues decreased 1% in U.S. dollars and 4% in constant currency. 

"We are very encouraged by the improvements in the trends of our North American Retail business in the second quarter, reflecting the enhancements in our product assortments. However, the economic climate in Southern Europe continues to be challenging and we are beginning to see a slowdown in China. Therefore, although we are encouraged by our overall results in the first half of fiscal 2014, the outlook for consumer spending in Southern Europe and China remains uncertain and we are planning our business accordingly."

During the first and second quarters of fiscal 2014, the Company implemented plans to streamline its operational structure and reduce expenses. The Company's adjusted outlook for the full year excludes the impact of the restructuring charges recorded in the first six months of fiscal 2014, which reduced GAAP net earnings by $8.5 million ($6.2 million net of tax), or approximately $0.08 per share. The Company's expectations for the third quarter ending November 2, 2013, and the Company's adjusted and GAAP outlook for the fiscal year ending February 1, 2014, also exclude the impact of any restructuring charges that may be recorded in the remainder of fiscal 2014. 

Guess (GES) reported earnings Wed 22 Aug 2012

Guess Inc.'s  fiscal second-quarter income fell 29% as continued weakness in Europe and lower sales in North America overshadowed significant growth in the apparel maker's Asian operations. The company predicted weak third-quarter results and again lowered its full-year guidance.

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