Shares of Guess? Inc. GES gained slightly in Wednesday’s after hours session following the release of the company’s Q4 earnings. The company also announced a $175 million accelerated share repurchase arrangement.
Q4 EPS and sales results came in below consensus etimates while the company said expects low-single digit revenue growth and 10.5% operating margin for fiscal year 2023.
Guess? CEO Carlos Alberini said “We closed the year with over $300 million in earnings from operations and reached an operating margin of 11.8%, more than double our pre-pandemic levels by both measures.”
Guess? Inc. designs, markets, distributes, and licenses contemporary apparel and accessories that reflect European fashion sensibilities under brands including Guess, Marciano, and G by Guess.
At the time of publication, shares of Guess? were trading 0.67% higher during after hours at $19.48. The stock has a 52-week low of $16.05 and a 52-week high of $31.12.
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