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Oct 31, 2020
Guess? Q3 2021 Earnings Report
Significantly exceeded expectations despite pandemic challenges.
Key Takeaways
Guess? Inc. reported a decrease in revenues by 8% to $569 million in Q3 2021, but GAAP EPS more than doubled to $0.41 compared to $0.18 in Q3 2020. The company ended the quarter with $365 million in cash and cash equivalents, strategically managing working capital and investments.
Doubled earnings per share versus last year.
Significantly expanded operating margin despite a revenue decrease.
Balance sheet is in great shape with $365 million in cash and equivalents.
Inventories are 24% below last year’s levels.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Revenues in the fourth quarter of fiscal 2021 are expected to be down in the low to mid-twenties, impacted by lower customer traffic in stores related to the pandemic and temporary government-mandated store closures, especially in Europe and Canada, as well as permanent store closures.
Challenges Ahead
- Lower customer traffic in stores related to the pandemic.
- Temporary government-mandated store closures, especially in Europe and Canada.
- Permanent store closures.
- A smaller percentage of the European wholesale Spring/Summer collection will be shipped in the fourth quarter.
- Strategic product development changes.
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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