Guess Inc. has recently reported financial results for its fourth quarter ended January 29, 2022. Carlos Alberini, Chief Executive Officer, commented, “We are very pleased with our fourth-quarter results. We delivered revenues in line with our expectations and exceeded our profit targets through strong gross margin performance and effective expense management. Our results this quarter cap an outstanding year for our Company, where the execution of our strategic initiatives helped to deliver much higher profitability, well in advance of our original plan. We closed the year with over $300 million in earnings from operations and reached an operating margin of 11.8%, more than double our pre-pandemic levels by both measures. We delivered a return on invested capital of 26% for the year, the highest it has been in ten years. Our balance sheet is strong, and we plan to use our capital opportunistically to return value to our shareholders through dividends and increased share repurchases.”
Paul Marciano, Co-Founder, and Chief Creative Officer, added, “This has been an incredible year for our Company where we completely transformed our business. Our brand elevation strategy is at the center of that transformation. Today, the Guess brand enjoys strong momentum all over the world and the consistency of our assortments and brand images globally, the quality of our products and the perceived value of our offerings are among the best they have been in the history of Guess. Carlos and I want to thank and congratulate our entire team of Guess associates around the world who work together, relentlessly and fiercely, to make our Company better every single day.”
Fiscal Year 2022 Fourth Quarter Results
- Q4 Fiscal 2022 Revenues Reached $800 Million, Up 23% Compared to Q4 Fiscal 2021
- Delivered Q4 Operating Margin of 15.7%
- Q4 EPS of $1.04 and Adjusted EPS of $1.14
- FY2022 Revenues Reached $2.59B, Up 38% Compared to FY2021
- FY2022 Operating Margin of 11.8% and Adjusted Operating Margin of 12.0%
- FY2022 EPS of $2.57 and Adjusted EPS of $2.92
- Expects Low-Single Digit Revenue Growth and 10.5% Operating Margin for FY2023
- Intends to Enter Into $175 Million Accelerated Share Repurchase Arrangement
