- Guess (NYSE:GES) reports retail comparable-store sales fell 6% in Q3.
- Revenue in Europe, Asia, and for the U.S. wholesale business were all down at a double-digit rate in U.S. dollars.
- The consolidated operating margin rate was down 20 bps to 4.0%. The Americas retail segment was a drag with a -0.9% rate, while the licensing segment improved 140 bps to 89.5%.
- The company sees Q4 EPS of $0.53-$0.62 vs. $0.59 consensus EPS for the full year is pegged at $0.93-$1.02 vs. $0.96 consensus.
- GES +3.63% AH to $20.25 after gaining 2.1% in the normal trading session.
- Previously: Guess beats by $0.04, revenue in-line (Nov. 24)