NYSE$GES

Guess? Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Reported fourth quarter fiscal year 2023 results, with revenue up 2% and EPS of $1.42.

Guess?, Inc. reported a 2% increase in revenue to $818 million for the fourth quarter of fiscal year 2023. EPS reached $1.42 and adjusted EPS was $1.74. The company's performance was driven by strong results in Europe.

  • Revenues reached $818 million, up 2% in U.S. Dollars and up 8% in Constant Currency.
  • Delivered Operating Margin of 12.7%; Adjusted Operating Margin of 13.1%.
  • EPS of $1.42 and Adjusted EPS of $1.74.
  • Company expects revenue growth between 1.0% and 3.0% in U.S. Dollars and Operating Margin between 8.0% and 9.0% for full fiscal year 2024.

Headline financials

Total Revenue

$818M

Previous: $800M+2.2%
EPS (adj)

$1.74

Previous: $1.14+52.6%
Capital Expenditures

$17.8M

Previous: $22.9M-22.5%
Free Cash Flow

$173M

Previous: $104M+66.0%
Net Income

$95.8M

Previous: $68.4M+40.1%
Operating Income

$104M

Previous: $125M-17.4%
Gross Profit

$362M

Previous: $370M-2.3%
Cash & Equivalents

$276M

Previous: $416M-33.6%
Total Assets

$2.43B

Previous: $2.56B-5.1%
Stock-Based Comp

$3.85M

Previous: $6.05M-36.4%

Revenue & EPS history

Guess? · Revenue · Quarterly

$818M

Q4 2023+2.2%vs Q4 2022
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Guess? · $818M total across 5 segments · Q4 2023

  • Europe
    $444M+10.5%
  • Americas Retail
    $244M-1.3%
  • Asia
    $70.1M-8.3%
  • Americas Wholesale
    $34.5M-26.5%
  • Licensing
    $24.5M-8.1%

Forward guidance

For fiscal year 2024, the company expects a low single digit revenue growth, a solid profit performance and strong cash flow generation.

Tailwinds

  • Expects Revenue Growth between 1.0% and 3.0% in U.S. Dollars
  • Operating Margin between 8.0% and 9.0%
  • GAAP EPS between $2.08 and $2.36
  • Adjusted EPS between $2.45 and $2.80
  • Net cash provided by operating activities $230 million

Headwinds

  • Consolidated net revenue in U.S. dollars decrease between 7.0% and 6.0% for the first quarter of fiscal year 2024
  • GAAP operating margin (1.2)% to (0.5)% for the first quarter of fiscal year 2024
  • GAAP diluted earnings (loss) per share $(0.25) to $(0.19) for the first quarter of fiscal year 2024
  • Adjusted diluted earnings (loss) per share $(0.31) to $(0.25) for the first quarter of fiscal year 2024
  • Purchases of property and equipment (74) million

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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