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Guess?, Inc. (GES) Tops Q4 EPS Views; Guides FY14 EPS Below Consensus

March 19, 2014 4:06 PM EDT
Guess?, Inc. (NYSE: GES) reported Q4 EPS of $0.83, versus the analyst estimate of $0.80. Revenue for the quarter came in at $768.4 million versus the consensus estimate of $762.58 million.

-- The Company's retail stores in North America generated revenue of $329.0 million in the fourth quarter of fiscal 2014, a 6.0% decrease from $350.0 million in the same period a year ago. Comparable store sales for the fourth quarter of fiscal year 2014 decreased 4.4% in U.S. dollars and 3.0% in constant currency compared to the same period a year ago. The Company directly operated 494 retail stores in the United States and Canada at the end of the fourth quarter of fiscal 2014 versus 512 retail stores a year earlier.
-- Net revenue from the Company's Europe segment decreased 4.4% to $287.1 million in the fourth quarter of fiscal 2014, from $300.3 million in the prior-year period. In local currency, net revenue decreased 7.8%.
-- Net revenue from the Company's Asia segment decreased 1.4% to $83.0 million in the fourth quarter of fiscal 2014, from $84.2 million in the prior-year period. In constant currency, net revenue decreased 2.7%.
-- Net revenue from the Company's North American Wholesale segment decreased 19.9% to $40.8 million in the fourth quarter of fiscal 2014, from $50.9 million in the prior-year period. In constant currency, net revenue decreased 18.5%.
-- Licensing segment net revenue decreased 4.6% to $28.4 million in the fourth quarter of fiscal 2014, from $29.8 million in the prior-year period.

Guess?, Inc. sees Q1 2014 EPS of ($0.09)-($0.05), versus the consensus of $0.11. Guess?, Inc. sees Q1 2014 revenue of $520-535 million, versus the consensus of $550.13 million.

Guess?, Inc. sees FY2014 EPS of $1.40-$1.60, versus the consensus of $1.87. Guess?, Inc. sees FY2014 revenue of $2.53-2.58 billion, versus the consensus of $2.56 billion.

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


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