NYSE$GES

Guess? Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Reported fourth quarter results for fiscal year 2022.

Guess?, Inc. reported Q4 revenues of $800 million, a 23% increase compared to Q4 2021. The company delivered an operating margin of 15.7% and EPS of $1.04, with adjusted EPS of $1.14.

  • Revenues reached $800 million, up 23% compared to Q4 2021.
  • Delivered an operating margin of 15.7%.
  • EPS reached $1.04 and adjusted EPS reached $1.14.
  • The company intends to enter into a $175 million accelerated share repurchase arrangement.

Headline financials

Total Revenue

$800M

Previous: $648M+23.4%
EPS (adj)

$1.14

Previous: $1.18-3.4%
Capital Expenditures

$22.9M

Previous: $6.51M+252.0%
Free Cash Flow

$104M

Previous: $104M-0.0%
Net Income

$68.4M

Previous: $70.4M-2.8%
Operating Income

$125M

Previous: $71.9M+74.5%
Gross Profit

$370M

Previous: $276M+34.0%
Cash & Equivalents

$416M

Previous: $469M-11.4%
Total Assets

$2.56B

Previous: $2.47B+3.6%
Stock-Based Comp

$6.05M

Previous: $4.3M+40.7%

Revenue & EPS history

Guess? · Revenue · Quarterly

$800M

Q4 2022+23.4%vs Q4 2021
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Guess? · $800M total across 5 segments · Q4 2022

  • Europe
    $402M+30.7%
  • Americas Retail
    $248M+26.5%
  • Asia
    $76.4M-4.5%
  • Americas Wholesale
    $46.9M+32.2%
  • Licensing
    $26.7M-9.5%

Forward guidance

Expects low-single digit revenue growth and 10.5% operating margin for FY2023.

Tailwinds

  • Revenues in the first quarter of fiscal 2023 are expected to be up in the low-teens versus the first quarter of fiscal 2022 mainly driven by last year’s temporary store closures.
  • Wholesale growth.
  • Positive store comps.
  • Revenues for the full fiscal year 2023 are expected to be up in the low-single digits versus fiscal 2022.
  • Operating margin is expected to reach approximately 10.5%.

Headwinds

  • The outlook for the first quarter and the year reflects significant disruptions in Russia.
  • No meaningful COVID-related shutdowns assumed.
  • Potential actions and impacts related to the COVID-19 pandemic.
  • Domestic and international economic or political conditions, including economic and other events that could negatively impact consumer confidence and discretionary consumer spending.
  • Recent sanctions and export controls targeting Russia.

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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