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Apr 29, 2023
Guess? Q1 2024 Earnings Report
Guess? reported mixed Q1 2024 results with revenue decline but exceeded expectations for revenues, operating margin, and EPS.
Key Takeaways
Guess? Inc. reported a decrease in revenue by 4% to $570 million, with a GAAP loss per share of $0.22 and an adjusted loss per share of $0.07. The company's international businesses showed strength, offsetting softness in the Americas Retail segment. Despite the revenue decrease, the company exceeded expectations for revenues, operating margin, and earnings per share.
Revenues decreased 4% to $570 million, or 2% in constant currency.
GAAP loss per share was $0.22, and adjusted loss per share was $0.07.
International businesses were strong, offsetting weakness in Americas Retail.
Company reaffirms positive outlook for fiscal year 2024 with revenue growth and strong cash flow generation.
Guess?
Guess?
Guess? Revenue by Segment
Guess? Revenue by Geographic Location
Revenue by Segment
Europe Revenue
CapyFin.comAmericas Retail Revenue
CapyFin.comAmericas Wholesale Revenue
CapyFin.comAsia Revenue
CapyFin.comLicensing Revenue
CapyFin.comRevenue by Geographic Location
Europe Revenue
CapyFin.comAsia Revenue
CapyFin.com Forward Guidance
The Company’s expectations for the second quarter and full fiscal year 2024 are as follows:
Positive Outlook
- Expects Revenue Growth between 2.0% and 4.0% in U.S. Dollars
- Expects GAAP Operating Margins between 8.1% and 8.7%
- Expects Adjusted Operating Margins between 8.2% and 8.8%
- Expects GAAP EPS between $2.01 and $2.25
- Expects Adjusted EPS between $2.60 and $2.90
Revenue & Expenses
Visualization of income flow from segment revenue to net income