LONDON, April 15, 2015 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Investor-Edge.com has issued free earnings research on Guess? Inc. (NYSE: GES). On March 18, 2015, the company reported its financial results for Q4 FY15 and full-year FY15 (period ended January 31, 2015). Click on http://get.Investor-Edge.com/pdf/?c=Guess&d=15-Apr-2015&s=GES to read our free earnings review on Guess? Inc. (Guess). During Q4 FY15 and FY15, the company's total net revenue was $696.73 million and $2.42 billion, respectively. CEO of Guess, Paul Marciano, stated that overall Q4 FY15 results were in line with the company's expectations. In North America, the company was pleased by the emerging trends, as comps and traffic improved in the back-end of the quarter, he added. Our free coverage report can be accessed at:
http://get.Investor-Edge.com/pdf/?c=Guess&d=15-Apr-2015&s=GES
Earnings Overview
During Q4 FY15, Guess' total net revenue fell 9.3% Y-o-Y from $768.36 million in Q4 FY14. The company's Q4 FY15 total net revenue missed Bloomberg analysts' forecasts of $704.58 million. In constant currency, the company's total net revenue decreased 4.1% Y-o-Y in Q4 FY15.
Guess' revenues from retail stores and e-commerce sites in North America fell 3.7% to $317.02 million in Q4 FY15 from $329.03 million in Q4 FY14. Net revenue from the company's Europe segment decreased 16.1% to $240.87 million in Q4 FY15 from $287.08 million in Q4 FY14. Guess' Asia segment contributed $75.43 million to total net revenue in Q4 FY15, down 9.1% from $83.00 million reported in Q4 FY14. Guess' North American wholesale segment's net revenue decreased 10.2% to $36.65 million in Q4 FY15 from $40.82 million in Q4 FY14. Moreover, Licensing segment net revenue decreased 5.8% to $26.76 million in Q4 FY15 from $28.42 million in Q4 FY14. Free research on GES can be downloaded in PDF format at:
http://get.Investor-Edge.com/pdf/?c=Guess&d=15-Apr-2015&s=GES
In Q4 FY15, Guess' operating margin before restructuring charges decreased 310 basis points to 10.5% from 13.6% in Q4 FY14. Further, the company's net earnings attributable to Guess were $53.93 million, or $0.63 per diluted share, in Q4 FY15 compared to $69.63 million, or $0.82 per diluted share, in Q4 FY14. During Q4 FY15, analysts from Bloomberg had expected the company to report net earnings attributable to Guess of $50.30 million, or $0.59 per diluted share.
During FY15, Guess' total net revenue decreased 5.9% Y-o-Y from $2.57 billion in FY14. The company's total net revenue for FY15 slightly missed Bloomberg analysts' forecasts of $2.43 billion. Further, in constant currency, Guess' total net revenue decreased 4.6% Y-o-Y in FY15.
For FY15, Guess' operating margin before restructuring charges came in at 5.2% compared to 9.1% in FY14. Net earnings attributable to Guess were $94.57 million, or $1.11 per diluted share, in FY15 compared to $153.43 million, or $1.80 per diluted share, in FY14. For FY15, analysts from Bloomberg had expected net earnings attributable to Guess of $91.38 million, or $1.08 per diluted share. Sign up and read the free analyst's notes on GES at:
http://get.Investor-Edge.com/pdf/?c=Guess&d=15-Apr-2015&s=GES
On March 18, 2015, Guess' Board of Directors had approved a quarterly cash dividend of $0.225 per share on the company's common stock, payable on April 17, 2015 to shareholders of record at the close of business on April 01, 2015.
In its outlook for Q1 FY16, Guess expects consolidated net revenues to grow between 1% and 2% in constant currency. Moreover, currency headwinds are expected to negatively impact consolidated revenue growth by approximately 9%, for a net decline between 8% and 7%. The company further anticipates operating margin to be between -1.5% and -1.0% in Q1 FY16, which includes 50 basis points of currency headwind. Additionally, diluted net loss per share is expected to be in the range of $0.06 to $0.03 in Q1 FY16.
In its guidance for full-year FY16, the company expects consolidated net revenues to range between a decline of 1% and an increase of 1% in constant currency. Moreover, currency headwinds are expected to negatively impact consolidated revenue growth by approximately 8%, for a net decline between 9% and 7%. Further, operating margin for FY16 is estimated to be between 4.5% and 5.5%, including 150 basis points of currency headwind and diluted earnings per share are anticipated to be in the range of $0.75 to $0.95 with currency headwinds of roughly $0.50. Visit Investor-Edge and access the latest research on GES at:
http://get.Investor-Edge.com/pdf/?c=Guess&d=15-Apr-2015&s=GES
Stock Performance
On the day following the earnings release, March 19, 2015, Guess' stock rallied 16.01% to end the session at $19.42. Since then, the stock has moved both ways. On the last close, Tuesday, April 14, 2015, Guess' shares finished 1.68% lower at $18.72. The company's shares vacillated between $18.66 and $19.06 during the session. A total of 0.88 million shares were traded which was below their three months average volume of 1.81 million shares. The stock has gained 7.40% in the last one month. However, over the past three months, the company's shares have lost 8.15%. Shares in Guess closed above their 50-day moving average of $18.29. Furthermore, the stock traded at a PE ratio of 14.54.
Sneak Peek to Corporate Insider Trading
In the last one month, Guess has not reported any share transactions by insiders to the U.S. Securities and Exchange Commission (SEC). Complimentary in-depth research on GES is available at:
http://get.Investor-Edge.com/pdf/?c=Guess&d=15-Apr-2015&s=GES
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