Guess?, Inc. (GES) Posts Q1 Loss of 3c/Share; Updates FY14 Outlook

Guess?, Inc. (NYSE: GES) reported Q1 EPS of ($0.03), $0.03 better than the analyst estimate of ($0.06). Revenue for the quarter came in at $522.5 million versus the consensus estimate of $528.44 million.

• The Company's retail stores and e-commerce sites in North America generated revenue of $228.3 million in the first quarter of fiscal 2015, a 4.2% decrease from $238.3 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 year 2015 decreased 3.8% in U.S. dollars and 2.3% in constant currency compared to the same period a year ago. The Company directly operated 491 retail stores in the United States and Canada at the end of the first quarter of fiscal 2015 versus 511 retail stores a year earlier.
• Net revenue from the Company's Europe segment decreased 3.8% to $159.2 million in the first quarter of fiscal 2015, from $165.4 million in the prior-year period. In local currency, net revenue decreased 8.1%.
• Net revenue from the Company's Asia segment decreased 1.4% to $70.1 million in the first quarter of fiscal 2015, from $71.1 million in the prior-year period. In constant currency, net revenue decreased 4.3%.
• Net revenue from the Company's North American Wholesale segment decreased 10.3% to $39.3 million in the first quarter of fiscal 2015, from $43.8 million in the prior-year period. In constant currency, net revenue decreased 7.7%.
• Licensing segment net revenue decreased 15.3% to $25.6 million in the first quarter of fiscal 2015, from $30.3 million in the prior-year period.

Guess?, Inc. sees Q2 2014 EPS of $0.25-$0.30, versus the consensus of $0.39. Guess?, Inc. sees Q2 2014 revenue of $615-630 million, versus the consensus of $625.06 million.

Guess?, Inc. sees FY2014 EPS of $1.40-$1.60, versus the consensus of $1.52. Guess?, Inc. sees FY2014 revenue of $2.53-2.57 billion, versus the consensus of $2.54 billion.

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

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