NYSE$GES

Guess? Inc · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Guess? reported Q3 2023 earnings, exceeding revenue and operating profit expectations.

Guess? Inc. reported a decrease in revenue by 2% to $633.4 million, but an increase of 10% in constant currency. The company's GAAP EPS was $0.34 and adjusted EPS was $0.44. They are expecting fiscal year 2023 revenue growth of about 2.0% in U.S. dollars and 10.5% in constant currency.

  • Revenues reached $633 million, down 2% in U.S. dollars and up 10% in constant currency compared to Q3 Fiscal 2022.
  • Delivered Q3 Operating Margin of 8.6%; Adjusted Operating Margin of 9.1%.
  • Q3 EPS of $0.34 and Adjusted EPS of $0.44.
  • Expects Fiscal 2023 Revenue Growth of About 2.0% in U.S. Dollars, 10.5% in Constant Currency, and GAAP and Adjusted Operating Margins of 9.3% and 9.7%, Respectively.

Headline financials

Total Revenue

$633M

Previous: $643M-1.5%
EPS (adj)

$0.44

Previous: $0.62-29.0%
Capital Expenditures

-$71.7M

Previous: -$40.6M-76.7%
Free Cash Flow

-$93.1M

Previous: -$36M-158.6%
Net Income

$21.8M

Previous: $29.9M-26.9%
Operating Income

$54.8M

Previous: $65.7M-16.6%
Gross Profit

$269M

Previous: $294M-8.3%
Cash & Equivalents

$174M

Previous: $391M-55.5%
Total Assets

$2.32B

Previous: $2.56B-9.6%
Stock-Based Comp

$5.87M

Previous: $6.21M-5.4%

Revenue & EPS history

Guess? · Revenue · Quarterly

$633M

Q3 2023-1.5%vs Q3 2022
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Guess? · $633M total across 5 segments · Q3 2023

  • Europe
    $324M-2.1%
  • Americas Retail
    $166M-2.4%
  • Asia
    $63.1M+10.5%
  • Americas Wholesale
    $53.2M-9.9%
  • Licensing
    $27.7M+4.4%

Forward guidance

For the fourth quarter of fiscal 2023, Guess? expects revenues to be down around 3.5% in U.S. dollars (up 3.5% in constant currency) versus the fourth quarter of fiscal 2022. For the full fiscal 2023, they expect revenues to be up around 2.0% in U.S. dollars (10.5% in constant currency) versus fiscal 2022.

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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