Guess?, Inc. (GES) Tops Q3 EPS by 4c; Guides Q4, FY14 EPS and Revs
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Guess?, Inc. (NYSE: GES) reported Q3 EPS of $0.42, $0.04 better than the analyst estimate of $0.38. Revenue for the quarter came in at $613.5 million versus the consensus estimate of $613.56 million.
Sales:
* The Company's retail stores in North America generated revenue of $253.8 million in the third quarter of fiscal 2014, a 3.1% decrease from $262.1 million in the same period a year ago. Comparable store sales for the third quarter of fiscal year 2014 decreased 5.0% in U.S. dollars and 4.0% in constant currency compared to the same period a year ago. The Company directly operated 502 retail stores in the United States and Canada at the end of the third quarter of fiscal 2014 versus 513 retail stores a year earlier.
* Net revenue from the Company's Europe segment decreased 0.8% to $200.9 million in the third quarter of fiscal 2014, from $202.6 million in the prior-year period. In local currency, net revenue decreased 6.6%.
* Net revenue from the Company's Asia segment decreased 2.8% to $72.7 million in the third quarter of fiscal 2014, compared to $74.8 million in the prior-year period. In constant currency, net revenue decreased 5.5%.
* Net revenue from the Company's North American Wholesale segment decreased 7.4% to $53.6 million in the third quarter of fiscal 2014, compared to $57.9 million in the prior-year period. In constant currency, net revenue decreased 6.2%.
* Licensing segment net revenue increased 3.1% to $32.4 million in the third quarter of fiscal 2014, compared to $31.5 million in the prior-year period.
Sees FY2014 EPS of $1.73-$1.83, versus the consensus of $1.87. Also sees FY2014 revenue of $2.55-2.57 billion, versus the consensus of $2.58 billion.
Sees Q4 2013 EPS of $0.74-$0.84, versus the consensus of $0.83. Also sees Q4 2013 revenue of $750-770 million, versus the consensus of $778.2 million.
For earnings history and earnings-related data on Guess?, Inc. (GES) click here.
Sales:
* The Company's retail stores in North America generated revenue of $253.8 million in the third quarter of fiscal 2014, a 3.1% decrease from $262.1 million in the same period a year ago. Comparable store sales for the third quarter of fiscal year 2014 decreased 5.0% in U.S. dollars and 4.0% in constant currency compared to the same period a year ago. The Company directly operated 502 retail stores in the United States and Canada at the end of the third quarter of fiscal 2014 versus 513 retail stores a year earlier.
* Net revenue from the Company's Europe segment decreased 0.8% to $200.9 million in the third quarter of fiscal 2014, from $202.6 million in the prior-year period. In local currency, net revenue decreased 6.6%.
* Net revenue from the Company's Asia segment decreased 2.8% to $72.7 million in the third quarter of fiscal 2014, compared to $74.8 million in the prior-year period. In constant currency, net revenue decreased 5.5%.
* Net revenue from the Company's North American Wholesale segment decreased 7.4% to $53.6 million in the third quarter of fiscal 2014, compared to $57.9 million in the prior-year period. In constant currency, net revenue decreased 6.2%.
* Licensing segment net revenue increased 3.1% to $32.4 million in the third quarter of fiscal 2014, compared to $31.5 million in the prior-year period.
Sees FY2014 EPS of $1.73-$1.83, versus the consensus of $1.87. Also sees FY2014 revenue of $2.55-2.57 billion, versus the consensus of $2.58 billion.
Sees Q4 2013 EPS of $0.74-$0.84, versus the consensus of $0.83. Also sees Q4 2013 revenue of $750-770 million, versus the consensus of $778.2 million.
For earnings history and earnings-related data on Guess?, Inc. (GES) click here.
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