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Guess? operating margin improves 70 basis points to 18.7%
20 Mar '08
3 min read
Mr. Marciano continued, “We had another outstanding quarter which capped off yet another record-setting year in which we increased revenues by 40% and net earnings by 42%. In fiscal 2008, our international businesses accounted for more than two-thirds of our operating earnings, further solidifying our position as a true global fashion brand.
This proves that the strategic investments we are making continue to yield results. Our focus remains the globalization of our brand. We continue to expand both domestically and internationally to capitalize on the strength of our brand and the power of our highly diversified business model. We are confident that we are well positioned to continue to deliver strong financial results in fiscal year 2009 and beyond.”
Total net revenue for the fourth quarter of fiscal 2008 increased 29.9% to $514.6 million from $396.2 million in the prior fourth quarter period. During the quarter, the Company's retail stores in North America generated revenue of $270.9 million, a 10.4% increase from $245.3 million in the prior-year quarter.
Comparable store sales for the thirteen week period ended February 2, 2008 increased 13.1% from the thirteen week period ended February 3, 2007. The Company's wholesale segment, which includes its Asian operations, generated revenue of $65.1 million during the quarter, a 53.1% increase from $42.5 million in the prior-year quarter.
The Company's European segment generated revenue of$152.2 million during the quarter, an increase of 75.4% when compared to $86.8 million in the prior-year quarter. The Company's licensing segment generated revenue of $26.5 million, a 22.4% increase from $21.6 million in the prior-year period. At the end of fiscal year 2008, the Company operated 373 retail stores in the U.S. and Canada, versus 334 stores a year earlier.
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This proves that the strategic investments we are making continue to yield results. Our focus remains the globalization of our brand. We continue to expand both domestically and internationally to capitalize on the strength of our brand and the power of our highly diversified business model. We are confident that we are well positioned to continue to deliver strong financial results in fiscal year 2009 and beyond.”
Total net revenue for the fourth quarter of fiscal 2008 increased 29.9% to $514.6 million from $396.2 million in the prior fourth quarter period. During the quarter, the Company's retail stores in North America generated revenue of $270.9 million, a 10.4% increase from $245.3 million in the prior-year quarter.
Comparable store sales for the thirteen week period ended February 2, 2008 increased 13.1% from the thirteen week period ended February 3, 2007. The Company's wholesale segment, which includes its Asian operations, generated revenue of $65.1 million during the quarter, a 53.1% increase from $42.5 million in the prior-year quarter.
The Company's European segment generated revenue of$152.2 million during the quarter, an increase of 75.4% when compared to $86.8 million in the prior-year quarter. The Company's licensing segment generated revenue of $26.5 million, a 22.4% increase from $21.6 million in the prior-year period. At the end of fiscal year 2008, the Company operated 373 retail stores in the U.S. and Canada, versus 334 stores a year earlier.
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