368
Fashion Jobs
SHISEIDO
FP&A Manager (Korean Only)
Permanent · SEOUL
AESOP
Aesop Hanam Starfield - Retail Consultant
Permanent · HANAM-SI
ADIDAS
Senior Specialist, Buying & Trading, E-Commerce
Permanent · SEOUL
ADIDAS
Manager, Personalization & Apps, E-Commerce
Permanent · SEOUL
ADIDAS
Senior Manager, Legal Counsel, Legal
Permanent · SEOUL
HENKEL
Finance Business Controller For Shiseido Professional Brand
Permanent ·
L'OREAL GROUP
[l'Oreal Korea] Kiehl's - CRM & Trade Mkt sr. Specialist~Manager
Permanent · SEOUL
L'OREAL GROUP
[l'Oreal Korea] (jr.) Claim Substantiation Specialist - Corporate Regulatory Affairs
Permanent · SEOUL
L'OREAL GROUP
[l'Oreal Korea] (sr.) Product Manager - Kerastase Marketing Team, Ppd
Permanent · SEOUL
UNDER ARMOUR
Associate, HR Administration
Permanent · SEOUL
ARKET
Visual Merchandising Manager
Permanent · BUSAN
PUIG
Marketing Manager
Permanent · SEOUL
JAEGER
[Jaeger Lecoultre] Marketing & Communication Director
Permanent · SEOUL
ESTÉE LAUDER COMPANIES
Corporate Account Executive For Travel Retail Korea, Estee Lauder Companies
Permanent ·
ESTÉE LAUDER - BRAND
Assistant Education Manager, Estee Lauder
Permanent · SEOUL
L'OREAL GROUP
[l'Oreal Korea] Luxe Div. - Lancome E-Commerce Specialist
Permanent · SEOUL
COS
Instore Visual Merchandiser Manager_seoul/Gyeonggi
Permanent · SEOUL METROPOLITAN AREA
AESOP
Shinsegae Gwangju - Retail Consultant
Permanent · GWANGJU
COACH
Manager, Ecommerce
Permanent · SEOUL
ADIDAS
Manager, Business Planning & Analysis, Wholesales
Permanent · SEOUL
HENKEL
Adhesive Key Account Manager For Sports And Fashion Market
Permanent · BUSAN
HENKEL
Consumer Brands General Manager Assistant
Permanent ·
Published
Mar 21, 2019
Reading time
2 minutes
Download
Download the article
Print
Text size

Guess earnings miss expectations

Published
Mar 21, 2019

Guess Inc. reported on Wednesday that fourth-quarter earnings missed Wall Street expectations, despite an overall revenue uptick of 5.7%.

Guess earnings miss expectations - Facebook: Guess

 
The Los Angeles-based company said fourth-quarter net earnings jumped to $23.2 million, or 28 cents per share, compared to net earnings of $1 million for the year-ago period. Adjusted earnings per share came in at 70 cents a share, but sat below analysts’ estimates of 75 cents. The shock news saw a 13.5 percent drop in its stock to $19.10 during after-hours trading on Wall Street.

For the quarter, net revenue increased 5.7 percent to $837.1 million, compared to $792.2 million in the prior-year quarter. Traders were calling for the business to report revenue of $831 million for the period, according to data compiled by Wall Street. 

Again, the Americas retail revenues were down 0.7 percent, while comps were up 6 percent and Americas wholesale revenues jumped 19.2 percent during the quarter. Europe revenues increased 4.1 percent, while retail comps were flat. Asia was the strongest market, with revenues increasing 21.7 percent and retail comps up 13 percent during the quarter. 
 
Likewise, for the fiscal year ending February 2, 2019, Guess saw net revenue increase 10.4 percent to $2.61 billion, compared to $2.36 billion in the prior year.
 
By region, retail revenues in the Americas fell 1 percent in U.S. dollars, while retail comp sales including e-commerce increased 4 percent. The Americas wholesale segment saw more success with revenues jumping 13.6 percent. 
 
European revenues increased 14.4 percent. Retail comp sales including e-commerce increased 5 percent, while Asia revenues climbed the most jumping 25.7 percent. Retail comp sales in Asia were up 15 percent, said the group.

Net income for the year swung to $14.1 million, compared to a net loss of $7.9 million.

Guess recruited Carlos Alberini in January to be its new CEO, replacing Victor Herrero on Feb. 2. Alberini was formerly Guess’ president and chief operating officer between 2000 and 2010, but left to join Restoration Hardware as co-CEO until 2014. He later went on to be appointed chairman and CEO of Lucky Brand

In a news statement, the newly appointed CEO said that he was "thrilled to be back at Guess", but noted that he still thought there was space for growth and change at the company. 
 
“Looking forward, I plan to spend the next few weeks with our team developing our strategic vision and implementation plan. I intend to apply some key principles for shareholder value creation, including a disciplined approach to capital allocation and working capital management, careful product development and distribution, pursuing global initiatives to leverage and support our global business more effectively and, most importantly, placing the customer at the center of everything we do,” Alberini said. 

For the fiscal year ending February 1, 2020, the company is expecting consolidated net revenue to increase between 4 and 5 percent and for the upcoming first quarter, an increase in sales between 2.5 and 3.5 percent. 

Copyright © 2024 FashionNetwork.com All rights reserved.