Guess? reports record revenues and earnings in Q2

04 Aug '06

4 min read

Comparable store sales increased 17.4% during the second quarter of 2006 versus the prior year period. Net revenue from the company's wholesale segment increased 18.2% to $30.8 million in the second quarter of 2006 from $26.1 million in the prior year period.

Net revenue from the company's European operations segment increased 130.1% to $22.8 million in the second quarter of 2006, compared to $9.9 million in the prior year period. Licensing segment net revenue increased 44.1% to $13.4 million in the second quarter of 2006 from $9.3 million in the prior year period.

For the six months ended July 1, 2006, the company reported that net earnings increased 136.3% to $29.1 million compared to net earnings of $12.3 million for the six months ended July 2, 2005. Diluted earnings per share increased 128.6% to $0.64 per share in the current six-month period versus $0.28 per share in the comparable period last year.

Total net revenue increased 24.4% to $490.0 million in the 2006 six-month period from $393.8 million in the prior year period. Its retail stores in the US and Canada generated revenue of $302.9 million for the first six months of 2006, an increase of 21.5% from $249.4 million for the prior year period.

Comparable store sales increased 15.8% during the first six months of 2006. Net revenue from the company's wholesale segment in the first six months of 2006 increased 7.8% to $61.6 million from $57.1 million in the first six monthsof 2005.

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