Home / Knowledge / News / Apparel/Garments / Guess posts unfavorable Q4'FY14 results
Guess posts unfavorable Q4'FY14 results
20
Mar '14
Guess?, Inc. reported unaudited financial results for its fourth quarter and fiscal year ended February 1, 2014.
 
Fourth Quarter Fiscal 2014 Highlights
-North American Retail revenues decreased 6%; retail comp sales decreased 4%
-European revenues decreased 4% in U.S. dollars and 8% in local currency
-Asian revenues decreased 1% in U.S. dollars and 3% in constant currency
-Adjusted operating earnings decreased 13%; GAAP operating earnings decreased 15%
 
Fiscal Year 2014 Highlights
-Global revenues decreased 3% at $2.6 billion in U.S. dollars; decreased 4% in constant currency
-Adjusted operating earnings decreased 14%; GAAP operating earnings decreased 19%
-Invested $22.1 million to repurchase 0.9 million shares
 
Fourth Quarter Fiscal 2014 Results
For the fourth quarter of fiscal 2014, the Company recorded adjusted net earnings of $71.1 million, a 12.6% decrease compared to adjusted net earnings of $81.4 million for the fourth quarter of fiscal 2013. 
 
Adjusted diluted earnings per share decreased 12.6%, to $0.83, compared to adjusted diluted earnings per share of $0.95 for the prior-year quarter. The adjusted net earnings for the fourth quarter of fiscal 2014 exclude restructuring charges of $2.1 million ($1.4 million net of taxes). 
 
The adjusted net earnings for the fourth quarter of fiscal 2013 exclude a charge of $12.8 million related to the resolution of a tax audit dispute in Italy, partially offset by unrelated tax benefits of $4.0 million. On a GAAP basis, fourth quarter fiscal 2014 net earnings were $69.6 million and diluted earnings per share totaled $0.82, including an unfavorable $0.01 after-tax impact from the restructuring charges.
 
Click here to view full results.
 

Guess

Must ReadView All

Textiles | On 2nd Dec 2016

Indian currency crisis impacts global cotton market

The currency crisis in India, marked by insufficient supply of new...

Huang Wei from Fiber Raw Material Dept of Sinopec Chemical Commercial Holding speaking at the Forum

Textiles | On 2nd Dec 2016

Huge potential for nylon consumption: Experts

There is huge potential for increase in nylon consumption said...

Apparel/Garments | On 2nd Dec 2016

Aditya Birla Group to establish apparel unit in Odisha

Aditya Birla Retail and Fashion Ltd. (ABFRL) is establishing a new...

Interviews View All

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search