Post-Earnings Coverage - Guess?

LONDON, September 10, 2014 /PRNewswire/ --

Investor-Edge.com has issued free post-earnings coverage on Guess? Inc. (NYSE: GES). The company reported its financial results for Q2 FY15 on Wednesday, August 27, 2014. During Q2 FY15, Guess? Inc.'s adjusted operating earnings decreased 55% from last year; while its GAAP operating earnings decreased 51%, on a year-on-year basis. Our free coverage report can be accessed at:

www.investor-edge.com/register

Earnings Overview  

Guess? Inc.'s net earnings attributable to its shareholders, during Q2 FY15, stood at $21.95 million, or $0.26 per basic share, compared with $39.87 million, or $0.47 per basic share, in the previous year quarter. The company's diluted EPS during the reported quarter decreased to $0.26, from adjusted diluted EPS of $0.52, in Q2 FY14. Analysts at Bloomberg expected net earnings of $25.83 million, or $0.29 per basic share. On non-GAAP basis, the company's operating earnings for Q2 FY15 fell to $29.86 million (including a $0.9 million favorable currency translation impact), from adjusted operating earnings of $66.91 million in the prior-year quarter. The free research on GES can be downloaded as in PDF format at:

www.Investor-Edge.com/GESFreeReport

Guess? Inc.'s total net revenue for Q2 FY15 declined 4.8% to $608.57 million, from $639.01 million in the year ago quarter. In terms of constant currency, total net revenue declined 6.3% Y-o-Y. The reported quarter revenues fell short of Bloomberg analysts' expectations of $617.92 million. The company's retail stores and e-commerce sites in North America recorded revenue of $244.00 million in Q2 FY15, a decline from $254.31 million, in Q2 FY14.

Paul Marciano, CEO of Guess? Inc., stated that the overall Q2 earnings were consistent with the company's expectations but were short of its operational goals due to a soft environment in North America, where traffic and promotional activity continued to put the company's brick and mortar stores under pressure. However, he added that the company is encouraged by its North American e-commerce business which grew by almost 50% in the second quarter. Looking ahead, he said that so far in the third quarter, the company's Fall collection in North American Retail has not seen the expected amount of traction with the consumer and therefore, the Company has adjusted its expectations for the back-half of the year accordingly. Sign up and read the free analyst's notes on GES at:

www.Investor-Edge.com/GES-10092014

Guess? Inc's. also provided an outlook for Q3 FY 15 as well as for fiscal year ending January 31, 2015. In its guidance for the third quarter ending November 01, 2014, the company forecasted consolidated net revenues to range from $590 million to $600 million. Diluted EPS is projected to be in the range of $0.15 to $0.20, and operating margin is expected to be between 3.5% and 4.5%. Further, for FY15, the Los Angeles, California-based retailer anticipates consolidated net revenues to range from $2.44 billion to $2.48 billion, while diluted EPS is expected to be in the range of $1.05 to $1.20, and operating margin is forecasted between 5.5% and 6.0%.

On the day of the earnings release, August 27^th, 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 September 26, 2014, to the stockholders as of record on September 10, 2014.

Stock Performance 

A day after the earnings release, on August 28, 2014, Guess? Inc.'s stock took a beating of 8.81%, and ended the session at $23.38. The stock price has eroded further since then, and on the last close, Tuesday, September 09, 2014, it finished at $22.78, 2.36% below its previous day's closing price. The stock vacillated between $22.74 and $23.35 during the last session. A total of 1.26 million shares were traded, which was above its three months average volume of 1.03 million shares. Over the previous three trading sessions and over the last one month, the company's shares have declined 1.81% and 14.52%, respectively. Moreover, the stock has fallen by 26.68% from the beginning of 2014. Guess? Inc.'s shares are trading below their 50-day and 200-day moving averages of $26.09 and $28.17, respectively. Further, the stock traded at a PE ratio of 15.36 and has a Relative Strength Index (RSI) of 32.02. Visit Investor-Edge and access the latest research on GES at:

www.Investor-Edge.com/GESEarningsCoverage

Sneak Peek to Corporate Insider Trading  

In the last one month, Guess? Inc. has reported two corporate insider trading transactions. On August 21, 2014, Mr. Michael Relich, Chief Operating Officer of the company, sold 1,878 shares of the company at a price of $25.17 per share for a total amount of $47,269. On September 03, 2014, Mr. Joseph Gromek, Director at Guess? Inc., purchased 15,000 shares, worth $354,150 at a price of $23.61 per share. Complimentary in-depth research on GES is available at:

www.Investor-Edge.com/GESInsiderTrading

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.

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