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Update: Guess? Fiscal Q4 Tops Estimates; Unveils Special Dividend on Top of Quarterly Payout; Shares Surge Premarket
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Update: Guess? Fiscal Q4 Tops Estimates; Unveils Special Dividend on Top of Quarterly Payout; Shares Surge Premarket
Mar 21, 2024 4:21 AM

06:53 AM EDT, 03/21/2024 (MT Newswires) -- (Updates with the stock move in the headline and first paragraph.)

Guess? (GES) shares jumped almost 13% in premarket activity on Thursday after the company reported stronger-than-expected earnings and sales growth in fiscal Q4 and announced a special dividend.

The company 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 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 as of April 17.

Price: 29.25, Change: +3.3, Percent Change: +12.72

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