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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.
Revenue by Segment
Revenue by Geographic Location
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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