Guess? (GES) Misses Q1 EPS by 5c; Enters $175M Accelerated Buyback

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Go back to Guess? (GES) Misses Q1 EPS by 5c; Enters $175M Accelerated Buyback

Guess?, Inc. Reports Fiscal Year 2023 First Quarter Results

May 25, 2022 4:15 PM EDT

Q1 Fiscal 2023 Revenues Reached $593 Million, Up 14% in U.S. Dollars and 21% in Constant Currency Compared to Q1 Fiscal 2022

Delivered Q1 Operating Margin of 6.1%; Adjusted Operating Margin of 7.0%

Q1 EPS of $0.12 and Adjusted EPS of $0.24

Expects Fiscal 2023 Revenue Growth of About 4% in U.S. Dollars, 10% in Constant Currency, and Fiscal 2023 GAAP and Adjusted Operating Margins of 10.1% and 10.3%, Respectively

Entered Into $175 Million Accelerated Share Repurchase Arrangement

LOS ANGELES--(BUSINESS WIRE)-- Guess?, Inc. (NYSE: GES)... More