GUESS (GES) Fiscal 4Q18 Results: Beats and Guides Ahead of Consensus

Executive Summary

• Guess reported fiscal 4Q18 adjusted EPS of $0.62, up 46.3% year over year and beating the $0.54 consensus estimate. Revenues were $792.2 million, up 17.5% year over year and beating the $755.6 million consensus estimate.
• Comps for the Americas region were down 4%, beating the consensus estimate of a 6.4% decline. Americas comps were down 5% in constant currency.
• For FY19, Guess expects revenue growth of 7%–8%, implying revenues of $2.53–$2.55 billion, above the consensus estimate of $2.45 billion. The company expects EPS of $0.86–$0.98, above the consensus estimate of $0.85.