Guess? (GES) Tops Q3 EPS by 6c; Eases FY15 Outlook

Guess? (NYSE: GES) reported Q3 EPS of $0.24, $0.06 better than the analyst estimate of $0.18. Revenue for the quarter came in at $557.9 million versus the consensus estimate of $595.3 million.

• The Company's retail stores and e-commerce sites in North America generated revenue of $243.2 million in the third quarter of fiscal 2015, a 4.2% decrease from $253.8 million in the same period a year ago. Comparable store sales including the results of our e-commerce sites for the third quarter of fiscal 2015 decreased 4.8% in U.S. dollars and 3.5% in constant currency compared to the same period a year ago.
• Net revenue from the Company's Europe segment decreased 5.5% to $189.9 million in the third quarter of fiscal 2015, from $200.9 million in the prior-year period. In local currency, net revenue decreased 2.5%.
• Net revenue from the Company's Asia segment decreased 2.0% to $71.3 million in the third quarter of fiscal 2015, from $72.7 million in the prior-year period. In constant currency, net revenue decreased 5.1%.
• Net revenue from the Company's North American Wholesale segment was relatively flat at $53.5 million in the third quarter of fiscal 2015, compared to $53.6 million in the prior-year period. In constant currency, net revenue increased 1.6%.
• Licensing segment net revenue decreased 1.4% to $32.0 million in the third quarter of fiscal 2015, from $32.4 million in the prior-year period.

Guess? sees Q4 2015 EPS of $0.53-$0.63, versus the consensus of $0.69. Guess? sees Q4 2015 revenue of $596-710 million, versus the consensus of $747.1 million.

Guess? sees FY2015 EPS of $1.00-$1.10, versus the consensus of $1.1. Guess? sees FY2015 revenue of $2.42-2.43 billion, versus the consensus of $2.47 billion.

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

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