Guess Jumps on Increased Outlook

Shares of Guess Inc. jumped as much as 12% Tuesday, after the apparel retailer upped its profit outlook for the fiscal year. The company now sees earnings coming in between $1.85-$1.90/share, up from $1.79-$1.84/share. Analysts expect $1.97/share. In a note to clients, Deutsche Bank analysts said, "In North America, Guess continues to outpace the competition with double digit [same]-store sales increases (and accelerated performance in October) despite a difficult retail environment. The company is also achieving strong international growth, helping drive overall robust earnings growth." After trading at a 5-month low Monday, shares of Guess traded up 15.8% to $47.72 Tuesday.

Sources: Reuters, MarketWatch
Commentary: Companies With 100% Earnings Beat Rates Over Last Few Years • Guess Boosts Outlook After Strong Quarter
Stocks to watch: GES. Competitors: GPS, LTD, ANF. ETFs: XRT
Earnings call transcript: Guess? Inc. F2Q08 (Qtr End 8/4/07)

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