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Guess? Q2 earnings $25.7 million

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Staff Writer | Thursday August 30, 2018 8:10AM ET
Guess
Guess   Adjusted earnings for the quarter rose to $29.5 million

Guess? reported a second-quarter profit driven largely by 13 percent increase in revenues. The company also lifted its full year outlook.


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Guess reported second-quarter earnings of $25.7 million or $0.31 per share, up from $15.88 million or $0.18 per share last year.

Adjusted earnings for the quarter rose to $29.5 million or $0.36 per share from $16.1 million or $0.19 per share. Analysts polled by Thomson Reuters estimated earnings of $0.32 per share for the quarter.

Revenues for the quarter increased 13.7 percent to $645.9 million from $568.3 million last year. Analysts had a consensus revenue estimate of $650.61 million for the quarter.

Americas retail revenues dropped 2.0 percent, while wholesale revenue increased 4.9 percent. For the quarter, revenues at European business segment gained 22.2 percent and Asia revenues increased 32.0 percent.

 

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