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Oct 28, 2023
Guess? Q3 2024 Earnings Report
Guess? reported third quarter fiscal year 2024 results
Key Takeaways
Guess? Inc. reported a 3% increase in revenues to $651 million, with GAAP EPS of $0.82 and adjusted EPS of $0.49. The company delivered an operating margin of 8.4%, with an adjusted operating margin of 8.9%. The company has lowered full year fiscal 2024 outlook, expecting revenue growth between 1.8% and 2.4%.
Revenues increased to $651 million, up 3% in U.S. dollars and 1% in constant currency.
Delivered operating margin of 8.4%; adjusted operating margin of 8.9%.
GAAP EPS of $0.82 and adjusted EPS of $0.49.
Lowered full year fiscal 2024 outlook, expecting revenue growth between 1.8% and 2.4%.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The Company’s expectations for the fourth quarter and full fiscal year 2024 are as follows: Consolidated net revenue in U.S. dollars increase between 1.8% and 2.4%. GAAP operating margin between 8.7% to 8.9%. Adjusted operating margin between 8.9% to 9.1%. GAAP diluted EPS $2.49 to $2.55. Adjusted diluted EPS $2.67 to $2.74
Positive Outlook
- Consolidated net revenue in U.S. dollars increase between 1.8% and 2.4%.
- GAAP operating margin between 8.7% to 8.9%.
- Adjusted operating margin between 8.9% to 9.1%.
- GAAP diluted EPS $2.49 to $2.55.
- Adjusted diluted EPS $2.67 to $2.74.
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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