Guess? (GES) Tops Q2 EPS by 9c, Comps Fall 10%
Guess? (NYSE: GES) reported Q2 EPS of $0.19, $0.09 better than the analyst estimate of $0.10. Revenue for the quarter came in at $574 million versus the consensus estimate of $559.05 million.
Retail comp sales including e-commerce decreased 10% in U.S. dollars and constant currency.
GUIDANCE:
Guess? sees Q3 2018 EPS of $0.08-$0.11, versus the consensus of $0.12.
| Third Quarter of Fiscal 2018 | Fiscal Year 20182 | |||||||
| Consolidated net revenue in U.S. dollars | increase between 4.0% and 6.0% | increase between 6.0% and 7.5% | ||||||
| Consolidated net revenue in constant currency3 | increase between 2.0% and 4.0% | increase between 4.0% and 5.5% | ||||||
| Estimated impact of 53rd week on consolidated net revenue | — | increase of 1.0% | ||||||
| GAAP operating margin4 | 0.1% to 0.9% | 2.4% to 2.8% | ||||||
| Adjusted operating margin5 | 2.2% to 3.0% | 3.1% to 3.5% | ||||||
| Currency impact included in operating margin6 | 0 basis points | 20 basis points | ||||||
| GAAP EPS4 | ($0.07) to ($0.04) | $0.34 to $0.42 | ||||||
| Adjusted EPS5 | $0.08 to $0.11 | $0.52 to $0.60 | ||||||
| Currency impact included in EPS6 | $0.00 | $0.02 | ||||||
| Estimated impact of 53rd week on EPS | — | $0.03 |
For earnings history and earnings-related data on Guess? (GES) click here.