NYSE$GES

Guess? Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported fiscal year 2022 first quarter results with sequential improvement in sales trends.

Guess?, Inc. reported strong first-quarter fiscal 2022 results, exceeding expectations for revenues and profitability across all channels. The company delivered a 5.1% operating margin, with revenues contracting 3% compared to the first quarter of fiscal 2020, but earnings per share reached $0.18.

  • Q1 Fiscal 2022 Revenues of $520 Million.
  • Operating Margin Substantially Exceeding Pre-Pandemic Levels: Q1 Fiscal 2022 Operating Margin of 5.1%.
  • Q1 Fiscal 2022 GAAP EPS of $0.18.
  • Company expects revenues in the second quarter of fiscal 2022 to be down mid-single digits versus the second quarter of fiscal 2020.

Headline financials

Total Revenue

$520M

Previous: $260M+99.8%
EPS (adj)

$0.21

Previous: -$1.81+111.6%
Capital Expenditures

-$9.14M

Previous: -$5.97M-53.0%
Free Cash Flow

-$62.8M

Previous: -$67.5M+7.0%
Net Income

$12M

Previous: -$158M+107.6%
Operating Income

$26.6M

Previous: -$162M+116.4%
Gross Profit

$212M

Previous: $34.2M+518.1%
Cash & Equivalents

$395M

Previous: $419M-5.8%
Total Assets

$2.38B

Previous: $2.35B+1.3%
Stock-Based Comp

$4.06M

Previous: $5.79M-29.8%

Revenue & EPS history

Guess? · Revenue · Quarterly

$520M

Q1 2022+99.8%vs Q1 2021
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

Guess? · $520M total across 5 segments · Q1 2022

  • Europe
    $242M+127.1%
  • Americas Retail
    $156M+108.5%
  • Asia
    $55.7M+37.8%
  • Americas Wholesale
    $45.4M+75.6%
  • Licensing
    $21.5M+66.4%

Forward guidance

Given the current circumstances regarding the coronavirus (or “COVID-19”) crisis and its uncertain impact on our operations, we are not providing detailed guidance for the second quarter or the full fiscal year ending January 29, 2022. We expect revenues in the second quarter of fiscal 2022 to be down mid-single digits versus the second quarter of fiscal 2020 as pandemic-related shutdowns and traffic declines are partially offset by continued momentum in our global e-commerce business. For the full fiscal year 2022, assuming no COVID-related shutdowns past the second quarter, we expect revenues to be down mid-single digits versus fiscal 2020 and operating margin to reach approximately 8.6%.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 8 quarterly earnings reports

Historical avg

+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

Earnings price reactions
QuarterReport dateReaction (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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