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Oct 30, 2021
Guess? Q3 2022 Earnings Report
Reported strong third quarter results with revenue and earnings exceeding expectations
Key Takeaways
Guess?, Inc. reported a strong third quarter with revenues reaching $643 million, a 13% increase compared to the previous year and a 4% increase compared to the pre-pandemic third quarter of fiscal year 2020. The company delivered an operating margin in excess of 10.0%, with EPS of $0.45 and adjusted EPS of $0.62. Due to the better than expected results, the company raised its full-year outlook for operating margin to 11.0% and doubled the quarterly cash dividend from $0.1125 to $0.225 per share.
Revenues for the quarter increased 13% versus last year and were up 4% compared to the third quarter of fiscal year 2020, pre-pandemic.
Delivered a 10% operating margin in the period, driven by strong gross margin expansion.
Board has approved to double our quarterly cash dividend from $0.1125 to $0.225.
Company expects to deliver an operating margin of 11.0% in the current year, double that of fiscal 2020, pre-pandemic.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Company expects revenues in the fourth quarter of fiscal 2022 to be down mid-single digits versus the fourth quarter of fiscal 2020. For the full fiscal year 2022, the company expects revenues to be down low-single digits versus fiscal 2020 and operating margin to reach approximately 11.0%.
Positive Outlook
- Continued momentum in our global e-commerce business.
Challenges Ahead
- Impact of permanent store closures.
- Unfavorable shift of European wholesale shipments from the fourth quarter into the first quarter of next year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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