Guess? Announces Additional $500 Million Share Repurchase Authorization

Guess?, Inc.

today announced that its Board of Directors has authorized a new program to repurchase, from time-to-time and as market and business conditions warrant, up to $500 million of its common stock. This new $500 million authorization is in addition to the existing $250 million repurchase authorization announced in March 2011, under which approximately $231 million has been used to repurchase approximately 8.2 million shares to date (including 5 million shares during the current fiscal quarter). Approximately $19 million remains available for repurchases under the existing $250 million authorization.