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GUESS (GES) 2Q18 Results: Beats on EPS and Raises Guidance

Executive Summary

  • Guess reported 2Q18 adjusted EPS of $0.36, up from $0.19 from the year-ago period and ahead of the $0.32 consensus estimate. Revenues were $645.9 million, up 13.7% year over year and below the $650.6 million consensus estimate.
  • Comps for the Americas region were up 3.0%, beating the 1.9% consensus estimate. Revenues were driven by continued momentum in Europe and Asia.
  • Guess raised FY19 guidance and now expects EPS of $0.94–$1.03, up from previous guidance of $0.88–$0.99 and the consensus of $0.99. The company expects revenue growth of 9.0%–9.5%, up from previous guidance of 8.5%–9.5%, implying $2.58–$2.59 billion, and above the $2.57 billion consensus estimate.

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