NYSE$GES
Guess? Inc · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Financial performance was materially impacted by the COVID-19 crisis, with revenue declining and a significant GAAP loss per share reported.
Guess?, Inc. reported a significant decrease in revenue and a GAAP loss per share due to the COVID-19 crisis. Total net revenue decreased by 51.5% to $260.3 million, and the company recorded a GAAP net loss of $157.7 million, or $2.40 per share.
- Q1 Fiscal 2021 revenues decreased 52% to $260 million, or 50% in constant currency, driven by COVID-19 related store closures.
- GAAP loss per share was $2.40, compared to $0.27 in Q1 Fiscal 2020.
- Adjusted loss per share was $1.81, compared to $0.25 in Q1 Fiscal 2020.
- The company focused on preserving liquidity and reducing the cost structure to mitigate the impact of the crisis.
Headline financials
Revenue & EPS history
Guess? · Revenue · Quarterly
$260M
Revenue by segment
Guess? · $260M total across 5 segments · Q1 2021
- Europe$106M-49.3%40.9%
- Americas Retail$74.6M-57.7%28.7%
- Asia$40.4M-52.6%15.5%
- Americas Wholesale$25.9M-44.0%9.9%
- Licensing$12.9M-31.3%5.0%
Forward guidance
The company expects the global crisis to continue to have a material impact on its financial position, results of operations, and cash flows in fiscal 2021 and expects revenues for the second quarter of fiscal 2021 to have a decrease similar to that of the first quarter.
Tailwinds
- Sales productivity for reopened stores has reached roughly 75% in the U.S. and Canada.
- Sales productivity for reopened stores has reached roughly 70% in Europe.
- All stores are open in Asia.
- Over 400 stores are open in Europe.
- Over 180 stores are open in the U.S. and Canada.
Headwinds
- The extent and duration of the global pandemic remains uncertain.
- Consumer purchasing activity may continue to be impacted throughout the year.
- Revenues for the second quarter of fiscal 2021 are expected to have a decrease similar to that of the first quarter.
- Data on sales productivity may not be indicative of future trends as it is only representative of a portion of stores for a relatively short period.
- The global crisis will continue to have a material impact on the company's consolidated financial position.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 8 quarterly earnings reports
+2.5%
Avg return
Earnings day
+0.3%
Avg return
5 days after
-1.5%
Avg return
30 days after
54%
36 / 67 earnings
Positive
+39.0%
Q4 2020
Best reaction
-32.3%
Q1 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | +0.2% | +0.2% | -1.7% | |
| Q2 2026 | +0.2% | +0.2% | -0.8% | |
| Q1 2026 | +8.8% | +11.1% | +16.8% | |
| Q4 2025 | +9.8% | -13.7% | +13.5% | |
| Q3 2025 | -9.1% | -9.2% | -23.0% | |
| Q2 2025 | -3.3% | -2.3% | -5.3% | |
| Q1 2025 | -0.6% | -1.6% | -12.9% | |
| Q4 2024 | +24.5% | +17.8% | +1.9% | |
| Q3 2024 | -13.8% | — | — | |
| Q2 2024 | +26.9% | — | — | |
| Q1 2024 | +7.4% | — | — | |
| Q4 2023 | -2.5% | — | — | |
| Q3 2023 | +2.7% | — | — | |
| Q2 2023 | -2.3% | — | — | |
| Q1 2023 | +20.4% | — | — | |
| Q4 2022 | +15.6% | — | — | |
| Q3 2022 | +6.3% | — | — | |
| Q2 2022 | -2.1% | — | — | |
| Q1 2022 | -1.7% | — | — | |
| Q4 2021 | +5.9% | — | — | |
| Q3 2021 | +14.7% | — | — | |
| Q2 2021 | +11.2% | — | — | |
| Q1 2021 | -32.3% | — | — | |
| Q4 2020 | +39.0% | — | — | |
| Q3 2020 | +5.9% | — | — | |
| Q2 2020 | +29.4% | — | — | |
| Q1 2020 | -9.4% | — | — | |
| Q4 2019 | -14.3% | — | — | |
| Q3 2019 | +4.4% | — | — | |
| Q2 2019 | +4.6% | — | — | |
| Q1 2019 | -20.3% | — | — | |
| Q4 2018 | +32.9% | — | — | |
| Q3 2018 | -12.1% | — | — | |
| Q2 2018 | +20.1% | — | — | |
| Q1 2018 | +13.4% | — | — | |
| Q4 2017 | -10.3% | — | — | |
| Q3 2017 | -11.6% | — | — | |
| Q2 2017 | +14.5% | — | — | |
| Q1 2017 | -3.9% | — | — | |
| Q4 2016 | -15.9% | — | — | |
| Q3 2016 | +9.0% | — | — | |
| Q2 2016 | +12.0% | — | — | |
| Q1 2016 | +8.7% | — | — | |
| Q4 2015 | +13.2% | — | — | |
| Q3 2015 | -8.3% | — | — | |
| Q2 2015 | -9.5% | — | — | |
| Q1 2015 | -3.6% | — | — | |
| Q4 2014 | -5.1% | — | — | |
| Q3 2014 | -3.7% | — | — | |
| Q2 2014 | +13.2% | — | — | |
| Q1 2014 | +9.0% | — | — | |
| Q4 2013 | -6.5% | — | — | |
| Q3 2013 | +7.4% | — | — | |
| Q2 2013 | -21.6% | — | — | |
| Q1 2013 | +0.2% | — | — | |
| Q4 2012 | -1.0% | — | — | |
| Q3 2012 | -2.5% | — | — | |
| Q1 2011 | +1.6% | — | — | |
| Q2 2012 | +1.6% | — | — | |
| Q1 2012 | -0.8% | — | — | |
| Q4 2009 | -0.5% | — | — | |
| Q4 2011 | -0.5% | — | — | |
| Q3 2011 | -1.3% | — | — | |
| Q3 2010 | -1.3% | — | — | |
| Q2 2011 | +0.5% | — | — | |
| Q4 2010 | +0.5% | — | — | |
| Q2 2010 | +0.5% | — | — |
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