Categories Earnings, Retail

Guess? (NYSE: GES): Q3 2020 Earnings Snapshot

— Guess?, Inc. (NYSE: GES) reported adjusted earnings of $0.22 per share for the third quarter of 2020, vs. $0.18 per share expected.

Guess? (NYSE: GES): Q3 2020 Earnings Snapshot

— Net income, on a reported basis, was $12.42 million or $0.18 per share, compared to a loss of $13.44 million or $0.17 per share a year earlier

— Revenues moved up 2% annually to $616 million, vs. $620.32 million expected

— Americas Retail revenues dropped 5%, while Americas Wholesale revenues climbed 7%

— Europe revenues increased 9% and Asia revenues dropped 8%, compared to last year 

— Expects consolidated net revenues to increase 1-2% in Q4; sees operating margins of 11.5%-12%

— Expects Q4 unadjusted earnings of $1.04-$1.09 per share and adjusted earnings of $1.07-$1.12 per share

— Expects consolidated net revenues to increase 2.7-3% in fiscal 2020; sees operating margins of 5.2%-5.4%

— Expects full-year unadjusted earnings of $1.20-$1.25 per share and adjusted earnings of $1.31-$1.36 per share

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