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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • Guess Revenues Decrease 0 comments
    Mar 20, 2014 11:01 AM | about stocks: GES

    Originally published at www.seclive.com

    Filing in Focus: Guess 8-K, March 19, 2014

    Guess? Inc. (NYSE:GES) announced its financial results for the fourth fiscal quarter and full-year 2013, reporting declines in revenue. The retailer posted adjusted net earnings of $71.1M, down 12.6% from the $81.4M recorded in the year-ago quarter while annual adjusted net earnings fell 13.4% from $187.5M to $162.5M. Quarterly adjusted earnings per share fell 12.6% from $0.95 to $0.83 per share while annual adjusted earnings per share fell 11.2% from $2.15 to $1.91 per share. CEO Paul Marciano commented that the company's performance was in-line with its expectations and that North American store traffic continues to be a challenge while Europe, its largest business segment, continues to face pressure. Revenue from its smallest segment, Asia, was the only business to increase revenue for the year, from $290.7M to $292.7M.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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