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Guess? Fiscal Q4 Tops Estimates; Sets Guidance, to Pay Special Dividend; Shares Surge After-Hours
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Guess? Fiscal Q4 Tops Estimates; Sets Guidance, to Pay Special Dividend; Shares Surge After-Hours
Mar 20, 2024 2:46 PM

05:17 PM EDT, 03/20/2024 (MT Newswires) -- Guess? (GES) reported fiscal Q4 adjusted earnings late Wednesday of $2.01 per diluted share, up from $1.74 a year earlier.

Analysts polled by Capital IQ expected $1.57.

Revenue for the quarter that ended Feb. 3 was $891.1 million, up from $817.8 million a year earlier.

Analysts surveyed by Capital IQ expected $854.6 million.

The company expects a Q1 adjusted loss of $0.41 to $0.37 per share on revenue growth of 1% to 2%. Analysts polled by Capital IQ expected a loss of $0.02 on sales of $573.1 million.

The company expects fiscal 2025 adjusted EPS of $2.56 to $3.00 on revenue growth of 11.5% to 13.5%. Analysts polled by Capital IQ expected earnings of $2.97 on sales of $2.84 billion.

The company said its board has approved a special dividend of $2.25 per share and a quarterly dividend of $0.30 per share, both payable on May 3 to shareholders of record April 17.

Shares of the company traded 10% higher in after-hours activity.

Price: 28.42, Change: +2.47, Percent Change: +9.51

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