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Jul 30, 2022
Guess? Q2 2023 Earnings Report
Reported an increase in revenue and operating earnings exceeding expectations despite a challenging retail environment.
Key Takeaways
Guess?, Inc. reported a 2% increase in revenue to $642.7 million and an operating margin of 8.3% for the second quarter of fiscal year 2023. The company's performance was driven by strong wholesale business in Europe, offset by softer sales in America's Retail. The company completed a $175 million accelerated share repurchase program.
Revenues increased 2% in U.S. dollars and 12% in constant currency.
GAAP net earnings decreased 60.8% to $24.0 million.
Adjusted operating earnings decreased from last year but exceeded expectations.
Completed a previously announced $175 million accelerated share repurchase program.
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
For the full fiscal year 2023, Guess? expects revenues to be up around 1.5% in U.S. dollars (9.5% in constant currency) versus fiscal 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income