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Apr 30, 2022
Guess? Q1 2023 Earnings Report
First quarter fiscal year 2023 results reported with revenue up 14% and adjusted EPS of $0.24.
Key Takeaways
Guess?, Inc. reported strong first quarter results, exceeding expectations for revenue and operating performance. Revenues increased by 14% in U.S. dollars and 21% in constant currency. The company delivered strong gross margin performance and leveraged expenses effectively, contributing to an expansion in operating margin and a significant increase in earnings from operations compared to the prior year.
Revenues reached $593 million, up 14% in U.S. Dollars and 21% in Constant Currency compared to Q1 Fiscal 2022.
Operating Margin was 6.1%; Adjusted Operating Margin was 7.0%.
EPS was $0.12 and Adjusted EPS was $0.24.
The company entered into a $175 million accelerated share repurchase arrangement.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
For the second quarter of fiscal 2023, the company expects revenues to be up around 1% in U.S. dollars (8% in constant currency) versus the second quarter of fiscal 2022 and operating margin to reach approximately 7.5%. For the full fiscal year 2023, the company expects revenues to be up around 4% in U.S. dollars (10% in constant currency) versus fiscal 2022 and GAAP and adjusted operating margins to reach approximately 10.1% and 10.3%, respectively.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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