Guess? Fiscal Q3 Adjusted Earnings Decline, Revenue Rises; Shares Fall After Hours

MT Newswires Live2024-11-27

Guess? (GES) reported fiscal Q3 adjusted earnings late Tuesday of $0.34 per diluted share, down from $0.49 a year earlier.

Analysts polled by FactSet expected $0.37.

Revenue for the quarter ended Nov. 2 rose to $738.5 million from $651.2 million a year earlier.

Analysts surveyed by FactSet expected $747.4 million.

For fiscal Q4, the company expects adjusted EPS of $1.37 to $1.52. The consensus is for $1.56. Guess? expects net revenue to increase by 2.2% to 5.4%.

For fiscal 2025, the company now expects adjusted EPS of $1.85 to $2, compared with its prior range of $2.42 to $2.70. Analysts are looking for $2.50.

Guess? now projects full-year revenue to grow between 7.1% and 8.1%, down from its previously projected growth range of 9.5% and 11%.

The company's shares were down nearly 12% in after-hours activity.

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Fiscal Q3 Adjusted Earnings Decline, Revenue Rises; Shares Fall After Hours\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2024-11-27 05:53</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Guess? (GES) reported fiscal Q3 adjusted earnings late Tuesday of $0.34 per diluted share, down from $0.49 a year earlier.</p><p>Analysts polled by FactSet expected $0.37.</p><p>Revenue for the quarter ended Nov. 2 rose to $738.5 million from $651.2 million a year earlier.</p><p>Analysts surveyed by FactSet expected $747.4 million.</p><p>For fiscal Q4, the company expects adjusted EPS of $1.37 to $1.52. The consensus is for $1.56. 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