Home / Knowledge / News / Apparel/Garments / Q4FY16 net slips 11.4% at apparel marketer Guess
Q4FY16 net slips 11.4% at apparel marketer Guess
18
Mar '16
For the fourth fiscal quarter ended January 30, 2016, net earnings at apparel marketer Guess slipped to $47.8 million, an 11.4 per cent drop from $53.9 million for the fourth quarter of fiscal 2015.

A Guess press release said diluted earnings per share too decreased 9.5 per cent to $0.57 for the fourth quarter of fiscal 2016 from $0.63 for the prior fiscal's fourth quarter.

“The negative impact of currency on earnings per share in the fourth quarter of fiscal 2016 was approximately $0.19 per share,” the company explained.

Total net revenue for the reporting quarter also declined 5.5 per cent year over year to $658.3 million, while in constant currency, total net revenue increased 0.6 per cent.

Operating earnings for the fourth quarter of fiscal 2016 dipped 4.4 per cent year on year to $70.0 million, which includes a $4.5 million unfavourable currency translation impact.

Operating margin in the fourth quarter was relatively flat at 10.6 per cent compared to 10.5 per cent in the previous fiscal's same period.

“The favourable impact from lower store impairment charges was mostly offset by the negative impact from currency exchange rate fluctuations on the operating margin,” Guess observed.

The negative impact of currency on operating margin for the fourth quarter of fiscal 2016 was roughly 180 basis points.

Net earnings for the full fiscal of 2016 were $81.9 million, down 13.4 per cent from $94.6 million the company posted in fiscal 2015.

Correspondingly, diluted earnings per share also declined 13.5 per cent year over year to $0.96, while negative impact of currency on earnings per share was approximately $0.43 per share.

Total net revenue for fiscal 2016 fell 8.8 per cent to $2.20 billion, from $2.42 billion in the earlier fiscal's fourth quarter and in constant currency, total net revenue decreased 0.9 per cent.

Operating earnings for fiscal 2016 descended 3.6 per cent from a fiscal ago period to $121.4 million, which includes a $10.3 million unfavourable currency translation impact,

Operating margin for fiscal 2016 increased 30 basis points to 5.5 per cent as against 5.2 per cent in the prior fiscal.

The increase in operating margin was driven by lower store impairment charges and higher initial mark-ups, partially offset by the unfavourable impact from currency exchange rate fluctuations.

“The negative impact of currency on operating margin for fiscal 2016 was roughly 140 basis points,” the apparel marketer noted. (AR)

Fibre2Fashion News Desk – India


Must ReadView All

Courtesy: Fashion Revolution/Fashion Transparency Index

Apparel/Garments | On 23rd Apr 2018

Transparency helps in swiftly alerting brands

Disclosing key supplier, supply chain and operational information...

Japan’s clothing imports up 4% in fiscal 2017

Apparel/Garments | On 23rd Apr 2018

Japan’s clothing imports up 4% in fiscal 2017

Japan’s imports of clothing and accessories increased by 4 per cent...

Courtesy: Fashion Revolution/Fashion Transparency Index

Fashion | On 23rd Apr 2018

Top global fashion brands now more transparent

Fashion Revolution’s Fashion Transparency Index 2018 reveals Adidas...

Interviews View All

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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

Leave your Comments


April 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search