Guess? Q1 2022 Earnings Report
Key Takeaways
Guess?, Inc. reported strong first-quarter fiscal 2022 results, exceeding expectations for revenues and profitability across all channels. The company delivered a 5.1% operating margin, with revenues contracting 3% compared to the first quarter of fiscal 2020, but earnings per share reached $0.18.
Q1 Fiscal 2022 Revenues of $520 Million.
Operating Margin Substantially Exceeding Pre-Pandemic Levels: Q1 Fiscal 2022 Operating Margin of 5.1%.
Q1 Fiscal 2022 GAAP EPS of $0.18.
Company expects revenues in the second quarter of fiscal 2022 to be down mid-single digits versus the second quarter of fiscal 2020.
Guess?
Guess?
Guess? Revenue by Segment
Guess? Revenue by Geographic Location
Forward Guidance
Given the current circumstances regarding the coronavirus (or “COVID-19”) crisis and its uncertain impact on our operations, we are not providing detailed guidance for the second quarter or the full fiscal year ending January 29, 2022. We expect revenues in the second quarter of fiscal 2022 to be down mid-single digits versus the second quarter of fiscal 2020 as pandemic-related shutdowns and traffic declines are partially offset by continued momentum in our global e-commerce business. For the full fiscal year 2022, assuming no COVID-related shutdowns past the second quarter, we expect revenues to be down mid-single digits versus fiscal 2020 and operating margin to reach approximately 8.6%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income