Guess?, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended July 30, 2022
August 24, 2022 at 04:16 pm EDT
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Guess?, Inc. reported earnings results for the second quarter and six months ended July 30, 2022. For the second quarter, the company reported revenue was USD 642.69 million compared to USD 628.62 million a year ago. Net income was USD 23.96 million compared to USD 61.06 million a year ago. Basic earnings per share from continuing operations was USD 0.42 compared to USD 0.94 a year ago. Diluted earnings per share from continuing operations was USD 0.35 compared to USD 0.91 a year ago.
For the six months, revenue was USD 1,236.16 million compared to USD 1,148.63 million a year ago. Net income was USD 31.93 million compared to USD 73.07 million a year ago. Basic earnings per share from continuing operations was USD 0.54 compared to USD 1.13 a year ago. Diluted earnings per share from continuing operations was USD 0.46 compared to USD 1.1 a year ago.
Guess?, Inc. designs, markets, distributes and licenses lifestyle collections of apparel and accessories for men, women and children. The Companyâs segments include Europe, Americas Retail, Americas Wholesale, Asia, and Licensing. The Europe segment sells its products through direct-to-consumer and wholesale channels throughout Europe and the Middle East. Its European direct-to-consumer network is comprised of brick-and-mortar retail stores and concessions and e-commerce sites. The Americas Retail segment sells its products direct-to-consumer through a network of directly operated retail and factory outlet stores and e-commerce sites in the Americas. The Wholesale segment sells its products through wholesale channels throughout the Americas and to third-party distributors based in Central and South America as well as licensed retail locations operated by its wholesale partners. The Licensing segment includes its worldwide licensing operations.