financetom
Business
financetom
/
Business
/
Guess? Stock Climbs On Q4 Results: EPS Beat, Revenue Beat, Special Cash Dividend
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Guess? Stock Climbs On Q4 Results: EPS Beat, Revenue Beat, Special Cash Dividend
Mar 20, 2024 2:06 PM

Guess?, Inc. ( GES ) reported its fourth-quarter financial results after the bell Thursday. Here's a look at the highlights.

The Details:

Guess? reported quarterly earnings of $2.01 per share which beat the analyst consensus estimate of $1.56 by 28.85%.

Quarterly sales clocked in at $891.05 million, beating the analyst consensus estimate of $855.54 million by 4.15% and representing an 8.96% increase over sales of $817.78 million from the same period last year.

The company also declared a special cash dividend of $2.25 per share to be paid in May.

“We are very pleased with our fourth quarter results, which exceeded our expectations for revenues, operating earnings and earnings per share, and capped an outstanding year for our Company. We grew revenues by 9% for the quarter and 3% for the year. We grew GAAP earnings per share by 40% to $3.09 and adjusted earnings per share by 15% to $3.14,” commented Carlos Alberini, CEO of Guess?.

Outlook: 

Guess? expects first-quarter revenue to increase between 1% and 2% and sees an adjusted loss of between 41 cents and 37 cents per share, versus the estimated loss of 2 cents per share.

The company sees fiscal year 2025 revenue to increase between 11.5% and 13.5% and expects earnings of between $2.56 and $3.00 per share, versus the $2.92 per share estimate.

“Looking forward, we are excited about our plans for the new fiscal year. We believe we are at an inflection point, and we expect to exceed $3 billion in revenues for the first time in our Company’s history with a solid growth plan for our core business, the integration of rag & bone into our portfolio and the launch of Guess Jeans to capture the demand from Generation Z consumers,” said Alberini.

Related News: What’s Going On With Trump-Linked Digital World Acquisition Stock?

GES Price Action: According to Benzinga Pro, Guess? shares are up 7.9% after-hours at $28.00 at the time of publication.

Image: Gerd Altmann from Pixabay

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Microstrategy Insider Sold Shares Worth $4,053,517, According to a Recent SEC Filing
Microstrategy Insider Sold Shares Worth $4,053,517, According to a Recent SEC Filing
Mar 14, 2024
04:33 PM EDT, 03/14/2024 (MT Newswires) -- Michael J Saylor, 10% Owner, Director, Executive Chairman, on March 13, 2024, sold 2,312 shares in Microstrategy ( MSTR ) for $4,053,517. SEC Filing: https://www.sec.gov/Archives/edgar/data/1050446/000095017024031533/xslF345X03/ownership.xml Price: 1710, Change: +33.15, Percent Change: +1.98 ...
--Equity Residential Increases Quarterly Dividend to $0.675 per Share, Payable April 12 to Holders of Record on March 25
--Equity Residential Increases Quarterly Dividend to $0.675 per Share, Payable April 12 to Holders of Record on March 25
Mar 14, 2024
04:34 PM EDT, 03/14/2024 (MT Newswires) -- Price: 61.9, Change: -0.47, Percent Change: -0.75 ...
Geo Group Insider Bought Shares Worth $624,025, According to a Recent SEC Filing
Geo Group Insider Bought Shares Worth $624,025, According to a Recent SEC Filing
Mar 14, 2024
04:32 PM EDT, 03/14/2024 (MT Newswires) -- George C Zoley, Director, Executive Chairman, on March 14, 2024, executed a purchase for 50,000 shares in Geo Group ( GEO ) for $624,025. Following the Form 4 filing with the SEC, Zoley has control over a total of 3,897,894 shares of the company, with 3,793,044 shares held directly and 104,850 controlled indirectly....
PagerDuty Fiscal Q4 Non-GAAP Earnings, Revenue Rise; Fiscal 2025 Guidance Set -- Shares Slide After Hours
PagerDuty Fiscal Q4 Non-GAAP Earnings, Revenue Rise; Fiscal 2025 Guidance Set -- Shares Slide After Hours
Mar 14, 2024
04:32 PM EDT, 03/14/2024 (MT Newswires) -- PagerDuty ( PD ) reported fiscal Q4 non-GAAP earnings late Thursday of $0.17 per diluted share, up from $0.07 a year earlier. Analysts surveyed by Capital IQ expected $0.15. Revenue for the quarter ended Jan. 31 was $111.1 million, up from $101 million a year earlier. Analysts surveyed by Capital IQ expected $110.4...
Copyright 2023-2026 - www.financetom.com All Rights Reserved