Guess? (GES) Tops Q1 EPS by 9c
Guess? (NYSE: GES) reported Q1 EPS of $0.04, $0.09 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $1.15 million versus the consensus estimate of $483.45 million.
Refer to the accompanying tables for a summary of the impact of foreign currency exchange rate fluctuations on the Company's net revenue.
- The Company's retail stores and e-commerce sites in North America generated revenue of $214.2 million in the first quarter of fiscal 2016, a 6.2% decrease from $228.3 million in the same period a year ago. Comparable store sales including the results of our e-commerce sites for the first quarter of fiscal 2016 decreased 5.9% in U.S. dollars and 3.8% in constant currency compared to the same period a year ago.
- Net revenue from the Company's Europe segment decreased 13.7% to $137.4 million in the first quarter of fiscal 2016, from $159.2 million in the prior-year period. In constant currency, net revenue increased 7.5%.
- Net revenue from the Company's Asia segment decreased 8.7% to $64.0 million in the first quarter of fiscal 2016, from $70.1 million in the prior-year period. In constant currency, net revenue decreased 6.0%.
- Net revenue from the Company's North American Wholesale segment decreased 5.2% to $37.3 million in the first quarter of fiscal 2016, from $39.3 million in the prior-year period. In constant currency, net revenue increased 1.4%.
- Licensing segment net revenue increased 1.0% to $25.9 million in the first quarter of fiscal 2016, from $25.6 million in the prior-year period.
Guess? sees Q2 2015 EPS of $0.12-$0.16, versus the consensus of $0.18.
Guess? sees FY2015 EPS of $0.86-$1.02, versus the consensus of $0.87.
For earnings history and earnings-related data on Guess? (GES) click here.
