Guess? (GES) Tops Q3 EPS by 4c, Offers Q4 Guidance
Guess? (NYSE: GES) reported Q3 EPS of $0.22, $0.04 better than the analyst estimate of $0.18. Revenue for the quarter came in at $616 million versus the consensus estimate of $620.32 million.
GUIDANCE:
Guess? sees Q4 2020 EPS of $1.07-$1.12, versus the consensus of $1.09.
| Fourth Quarter of Fiscal 2020 |
| Fiscal Year 2020 | |
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Consolidated net revenue in U.S. dollars |
| increase between 1.0% and 2.0% |
| increase between 2.7% and 3.0% |
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Consolidated net revenue in constant currency2 |
| increase between 2.5% and 3.5% |
| increase between 5.7% and 6.0% |
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GAAP operating margin |
| 11.5% to 12.0% |
| 5.2% to 5.4% |
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Adjusted operating margin3 |
| 11.5% to 12.0% |
| 5.4% to 5.6% |
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Currency impact included in operating margin4 |
| (20) basis points |
| (10) basis points |
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Cash interest expense, and amortization of debt issuance costs related to convertible senior notes |
| $1.7 million |
| $5.3 million |
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Amortization of debt discount related to convertible senior notes |
| $2.4 million |
| $7.5 million |
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Estimated diluted shares outstanding |
| 66.3 million |
| 71.4 million |
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GAAP EPS5 |
| $1.04 to $1.09 |
| $1.20 to $1.25 |
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Adjusted EPS3,5 |
| $1.07 to $1.12 |
| $1.31 to $1.36 |
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Currency impact included in EPS4 |
| $(0.05) |
| $(0.06) |
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Estimated impact of convertible senior notes and share repurchases included in GAAP EPS6 |
| $0.18 |
| $0.05 |
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Estimated impact of convertible senior notes and share repurchases included in adjusted EPS7 |
| $0.21 |
| $0.13 |
For earnings history and earnings-related data on Guess? (GES) click here.