Guess? Q2 2024 Earnings Report
Key Takeaways
Guess? Inc. reported a 3% increase in revenue to $665 million for the second quarter of fiscal year 2024. The company's GAAP EPS was $0.59, and adjusted EPS was $0.72. The company raises full year fiscal 2024 outlook.
Revenues Increased to $665 Million, Up 3% in Both U.S. Dollars and Constant Currency
Delivered Operating Margin of 9.7%; Adjusted Operating Margin of 9.8%
GAAP EPS of $0.59 and Adjusted EPS of $0.72
Raises Full Year Fiscal 2024 Outlook: Expects Revenue Growth between 2.5% and 4.0% in U.S. Dollars
Guess?
Guess?
Guess? Revenue by Segment
Guess? Revenue by Geographic Location
Forward Guidance
The Company’s expectations for the third quarter and full fiscal year 2024 are as follows: Expects Revenue Growth between 2.5% and 4.0% in U.S. Dollars GAAP and Adjusted Operating Margins between 8.9% and 9.3% and 9.0% and 9.4%, Respectively Expects GAAP EPS between $2.22 and $2.37 and Adjusted EPS between $2.88 and $3.08
Positive Outlook
- Consolidated net revenue in U.S. dollars increase between 2.5% and 4.0%
- GAAP operating margin 8.9% to 9.3%
- Adjusted operating margin 9.0% to 9.4%
- GAAP diluted EPS $2.22 to $2.37
- Adjusted diluted EPS $2.88 to $3.08
Revenue & Expenses
Visualization of income flow from segment revenue to net income