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Apparel retailer Guess? Inc.
released its Q4 earnings results on Wednesday after the closing bell. The company reported earnings of $95.9 million or $1.05 per share, compared to $103.3 million or $1.11 per share, in the year ago period. This was in line with Wall Street analysts' consensus EPS estimates of $1.05.
Revenues for the quarter were up 2.5% to $775.8 million versus $756.9 million in last year's fourth quarter. This compared to Street consensus revenue estimates of $778.53 million.
Comparable store sales at Guess? fell 5% in U.S. Dollar terms versus last year's corresponding quarter.
Looking ahead to fiscal Q1, the company issued revenue guidance between $560 million to $575 million. Earnings per share is expected to be between $0.25 and $0.28. This compares to current EPS estimates for the first quarter of $0.48 on revenues of $609.66 million.
For fiscal 2013, Guess? sees consolidated net revenues between $2.74 billion to $2.78 billion. Earnings per share are expected in a range between $2.50 to $2.65. This compares to current Wall Street EPS estimates of $3.18 on revenues of $2.83 billion.
Given the company's extremely poor guidance, it is little surprise that GES shares are trading down more than 11% in Wednesday's after hours session at $32.40.
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