Guess?, Inc. (GES) Misses Q2 EPS by 3c; Cuts FY15 Outlook

Guess?, Inc. (NYSE: GES) reported Q2 EPS of $0.26, $0.03 worse than the analyst estimate of $0.29. Revenue for the quarter came in at $608.6 million versus the consensus estimate of $617.91 million.

Second Quarter Fiscal 2015 Highlights

• North American Retail revenues decreased 4%; retail comp sales including e-commerce decreased 5% in U.S. dollars and 4% in constant currency
• European revenues decreased 6% in U.S. dollars and 9% in local currency
• Asian revenues decreased 2% in U.S. dollars and 8% in constant currency
• North American Wholesale revenues decreased 8% in U.S. dollars and 6% in constant currency
• Adjusted operating earnings decreased 55%; GAAP operating earnings decreased 51%

Guess?, Inc. sees Q3 2015 EPS of $0.15 - $0.20, versus the consensus of $0.37. Guess?, Inc. sees Q3 2015 revenue of $590 - $600 million, versus the consensus of $612.98 million.

Guess?, Inc. sees FY2015 EPS of $1.05 - $1.20, versus the consensus of $1.46. Guess? also sees FY2015 revenue of $2.44 - $2.48 billion, versus the consensus of $2.53 billion. The company previously saw FY15 EPS of $1.40 - $1.60 and revs of $2.53 - $2.57 billion.

For earnings history and earnings-related data on Guess?, Inc. (GES) click here.

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