What's Going On With Guess? Stock Following Q4 Earnings

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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