Earnings Report - Guess

LONDON, December 31, 2014 /PRNewswire/ --

Investor-Edge.com has issued free earnings report on Guess? Inc. (NYSE: GES). On December 3, 2014, the company reported its financial results for Q3 FY15 (period ended November 1, 2014). Click on www.investor-edge.com/FreeReports to read our free earnings review on Guess? Inc. (Guess). The CEO of Guess, Paul Marciano, stated that Q3 FY15 results were within the company's range of expectations from an operations perspective. He added that in North America, store traffic and the promotional environment remained headwinds. Our free coverage report can be accessed at:

www.investor-edge.com/register

Earnings Overview  

During Q3 FY15, Guess' net earnings stood at $20.79 million compared with $34.02 million in Q3 FY14. The company's Q3 FY15 diluted EPS decreased to $0.24 from diluted EPS of $0.40 in Q3 FY14. Analysts at Bloomberg expected net earnings of $15.50 million, or $0.18 per diluted share. The free research on GES can be downloaded as in PDF format at:

http://get.Investor-Edge.com/pdf/?c=Guess&d=31-Dec-2014&s=GES

In Q3 FY15, Guess' total net revenue declined 3.9% to $589.83 million from $613.50 million Q3 FY14. In terms of constant currency, total net revenue fell 2.6% Y-o-Y. The reported quarter revenues fell short of Bloomberg analysts' expectations of $595.17 million. The company's retail stores and e-commerce sites in North America recorded revenue of $243.24 million in Q3 FY15, a decline from $253.82 million, in Q3 FY14. Guess' net revenue from its Europe segment decreased 5.5% Y-o-Y to $189.85 million in Q3 FY15. Operating margin in Q3 FY15 fell to 4.2% compared to adjusted operating margin of 8.1% in Q3 FY14.

Mr. Marciano said that Guess continued to see good momentum in its North American e-commerce business with an almost 40% increase in the top-line. He asserted that, going into Q4 FY15, overall trends in North America have softened compared to Q3 FY15. He added that in Europe, softer traffic in Q3 FY15 drove lower retail sales than expected, however trends have improved so far in the Q4 FY15. Mr. Marciano stated that the company is pleased with its European wholesale orders for Spring Summer 15 as same-store buys are up year-over-year. Sign up and read the free analyst's notes on GES at:

http://get.Investor-Edge.com/pdf/?c=Guess&d=31-Dec-2014&s=GES

For Q4 FY15, the company anticipates consolidated net revenues to range from $695 million to $710 million. Diluted EPS is projected to be in the range of $0.53 to $0.63, and operating margin is expected to be between 9.5% and 11.5%. Further, for FY15, the Los Angeles, California-based retailer expects consolidated net revenues to range from $2.42 billion to $2.43 billion, while diluted EPS is expected to be in the range of $1.00 to $1.10, and operating margin is forecasted between 5.0% and 5.5%.

On the day of the earnings release, December 3, 2014, the company's board of directors authorized a cash dividend of $0.225 per share on the company's common stock. The dividend will be paid on January 02, 2015, to the stockholders as of record on December 17, 2014.

Stock Performance 

On the day following the earnings release, December 04, 2014, Guess' stock plummeted 9.47%, to end the session at $20.07. Although the stock has moved both ways since then, the gains have outweighed the losses so far. On the last close, Tuesday, December 30, 2014, the stock finished at $21.14, up 0.38%, after vacillating between $20.84 and $21.28. A total of 0.66 million shares were traded, which was below its three months average volume of 0.89 million shares. Over the last one month and since the start of 2014, the company's shares have declined 6.75% and 31.96%, respectively. However, the company's stock has gained 3.53% in the previous three trading sessions. Shares in Guess closed below their 50-day and 200-day moving averages of $21.33 and $24.75, respectively. Furthermore, the stock traded at a PE ratio of 15.39 and has a Relative Strength Index (RSI) of 51.95. Visit Investor-Edge and access the latest research on GES at:

http://get.Investor-Edge.com/pdf/?c=Guess&d=31-Dec-2014&s=GES

Sneak Peek to Corporate Insider Trading  

In the last one month, there were 8 insider transactions made by 2 individuals. Between December 16, 2014 and December 18, 2014, a total of 65,000 shares have been disposed at an average price of $19.94 per share, for a total value of $1.30 million. As a part of the above mentioned sales, Anthony Chidoni, Director at Guess, sold 26,000 shares at an average price of $20.02 per share and Alex Yemenidjian, Director at Guess disposed 39,000 shares at a price of $19.89 per share. The shares which were sold by Alex were bought on December 16, 2014, at an average price of $11.81 per share. Complimentary in-depth research on GES is available at:

http://get.Investor-Edge.com/pdf/?c=Guess&d=31-Dec-2014&s=GES

About Investor-Edge.com 

At Investor-Edge, we provide our members with a simple and reliable way to leverage our economy of scale. Most investors do not have time to track all publicly traded companies, much less perform an in-depth review and analysis of the complexities contained in each situation. That's where Investor-Edge comes in. We provide a single unified platform for investors' to hear about what matters. Situation alerts, moving events, and upcoming opportunities.

===============

EDITOR'S NOTES:

===============

1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.

2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.

3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.

4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] www.investor-edge.com.

5. For any urgent concerns or inquiries, please contact us at compliance [at] www.investor-edge.com.

6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] www.investor-edge.com for consideration.

COMPLIANCE PROCEDURE

Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Investor-Edge, represented by Rohit Tuli, CFA. An outsourced research services provider has only reviewed the information provided by Investor-Edge in this article or report according to the procedures outlined by Investor-Edge. Investor-Edge is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.

NOT FINANCIAL ADVICE

Investor-Edge makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.

NO WARRANTY OR LIABILITY ASSUMED

Investor-Edge is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Investor-Edge whatsoever for any direct, indirect or consequential loss arising from the use of this document. Investor-Edge expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Investor-Edge does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE Investor-Edge

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED