— Guess?, Inc. (NYSE: GES) reported adjusted earnings of $1.22 per share for the fourth quarter of 2020, vs. $1.12 per share expected.
— Net income, on a reported basis, was $79.6 million or $1.18 per share, compared to $23.23 million or $0.28 per share a year earlier
— Fourth-quarter revenues moved up 1% annually to $842.3 million, vs. $851.19 million expected
— Americas Retail revenues dropped 4.1% and Americas Wholesale revenues declined 3% during the three-month period
— Europe revenues increased 13.2% while Asia revenues dropped 27.2%, compared to last year
— The company said it is withholding fourth-quarter and full-year guidance due to uncertainties related to the covid-19 outbreak
— Expects financial results for the first quarter and the full fiscal year to be negatively impacted by disruptions caused by the epidemic
— Also, announcement of the quarterly cash dividend for the first quarter has been postponed in view of the unfavorable market conditions
Most Popular
IPO Alert: Here’s what to look for when CaliberCos goes public
The massive slowdown in the IPO market continued in the second half as the challenges posed by high inflation and interest rate hikes weighed on investor confidence. Meanwhile, there is
CarMax (KMX) Stock: Does the current dip offer a buying opportunity?
The automotive sector is one of the worst affected by the combination of high inflation and rising interest rates. Consumers have become more cautious and are prioritizing their purchases with
Ultimax Digital gears up for $10mln IPO. Here’s all you need to know
The IPO market has witnessed muted activity this year, and things don’t seem to have improved in the second half. The upcoming public listing of video game technology firm Ultimax
