Categories Earnings, Retail

Guess? (NYSE: GES): Q4 2020 Earnings Snapshot

— 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

Also Read:  E*TRADE Financial Corp (ETFC): Q4 2019 Earnings Snapshot

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