guess? inc (GES) Snapshot

Guess? Inc. Presents at 33rd Annual Piper Jaffray Consumer Conference, Jun-13-2013 01:20 PM. Venue: The New York Palace, 455 Madison Avenue, New York, NY 1002, United States. Speakers: Nigel Kershaw, Interim Chief Financial Officer, Interim Principal Accounting Officer, Vice President of Finance & Accounting and Treasurer, Russell Bowers, Vice President and Chief Financial Officer, North American Retail.

Guess? Inc. announced consolidated earnings results for the first quarter ended May 4, 2013. For the quarter, the company reported net revenue of $548,914,000 against $579,266,000 for the period ended April 28, 2012. Earnings from operations were $11,325,000 against $39,141,000 for the period ended April 28, 2012. Earnings before income taxes were $16,567,000 against $40,019,000 for the period ended April 28, 2012. Net earnings attributable to the company were $9,916,000 against $26,646,000 for the period ended April 28, 2012. Diluted net earnings per common share attributable to common stockholders were $0.12 against $0.30 for the period ended April 28, 2012. Adjusted earnings from operations were $13,662,000 against $39.1 million for the period ended April 28, 2012. Adjusted net earnings attributable to the company were $11,694,000 against $26.6 million for the period ended April 28, 2012. Adjusted diluted earnings per common share attributable to common stockholders were $0.14 against $0.30 for the period ended April 28, 2012. Net cash provided by operating activities was $31,737,000 against $36,653,000 for the period ended April 28, 2012. Capital expenditures totaled $20 million. The company also announced that its board of directors has approved a quarterly cash dividend of $0.20 per share on the company's common stock. The dividend will be payable on June 28, 2013 to shareholders of record at the close of business on June 12, 2013. During the quarter, the company opened 2 stores as compared to 6 stores for the period ended April 28, 2012. During the quarter, the company closed 3 stores compared to 7 stores for the period ended April 28, 2012. The company updated its guidance for the fiscal year ending February 1, 2014. For the period, consolidated net revenues are expected to range from $2.57 billion to $2.61 billion. Operating margin is expected to be between 8.5% and 9.5%. Diluted earnings per share are expected to be in the range of $1.70 to $1.90. The company's outlook excludes the impact of any restructuring charges associated with these activities. The company is planning the full year with a 33% tax rate. For the second quarter ending August 3, 2013, the consolidated net revenues are expected to range from $620 million to $635 million. Operating margin is expected to be between 7.0% and 8.0%. Diluted earnings per share are expected to be in the range of $0.34 to $0.38.

Guess? Inc., Q1 2014 Earnings Call, May 30, 2013