Guess? (GES) Misses Q1 EPS by 4c; Issues Light EPS Guidance

Guess? (NYSE: GES) reported Q1 EPS of ($0.23), $0.04 worse than the analyst estimate of ($0.19). Revenue for the quarter came in at $448.8 million versus the consensus estimate of $464.37 million.

• Americas Retail revenues decreased 5% in U.S. dollars and 3% in constant currency; retail comp sales including e-commerce decreased 4% in U.S. dollars and 3% in constant currency
• Europe revenues decreased 1% in U.S. dollars and 3% in constant currency
• Asia revenues decreased 15% in U.S. dollars and 11% in constant currency
• Americas Wholesale revenues decreased 12% in U.S. dollars and 7% in constant currency

GUIDANCE:

Guess? sees Q2 2017 EPS of $0.04-$0.08, versus the consensus of $0.11.

Guess? sees FY2017 EPS of $0.48-$0.68, versus the consensus of $0.77.

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

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