Guess reports FY20 net revenue of $2.68 bn

Fashion

Guess reports FY20 net revenue of $2.68 bn

19 Mar `20

3 min read

Guess, a designer and marketer of lifestyle collection of contemporary apparel and denim, posted 580.7 per cent jump in its net earnings to $96 million in complete fiscal 2020 ended on February 1, 2020 compared to $14.1 million in prior year. Net revenue in FY20 increased 2.6 per cent to $2.68 billion compared to $2.61 billion in the prior year. 

 

Guess, a designer and marketer of lifestyle collection of contemporary apparel and denim, posted 580.7 per cent jump in its net earnings to $96 million in complete fiscal 2020 ended on February 1, 2020 compared to $14.1 million in prior year. Net revenue in FY20 increased 2.6 per cent to $2.68 billion compared to $2.61 billion in the prior year. #

“I am very pleased to report that we had a strong fourth quarter performance, exceeding our guidance for earnings per share and delivering operating profit at the high end of our expectations. We closed the year with strong liquidity and a solid balance sheet, which positions us well to navigate through the current coronavirus crisis,” Carlos Alberini, chief executive officer of Guess, said in a press release. 

 

Guess, a designer and marketer of lifestyle collection of contemporary apparel and denim, posted 580.7 per cent jump in its net earnings to $96 million in complete fiscal 2020 ended on February 1, 2020 compared to $14.1 million in prior year. Net revenue in FY20 increased 2.6 per cent to $2.68 billion compared to $2.61 billion in the prior year. #

Net revenue in Q4 FY20 increased 0.6 per cent to $842.3 million compared to $837.1 million in the same period prior year. 

 

Guess, a designer and marketer of lifestyle collection of contemporary apparel and denim, posted 580.7 per cent jump in its net earnings to $96 million in complete fiscal 2020 ended on February 1, 2020 compared to $14.1 million in prior year. Net revenue in FY20 increased 2.6 per cent to $2.68 billion compared to $2.61 billion in the prior year. #

Americas retail revenues in Q4 FY20 decreased 4.1 per cent to $258.33 million. Retail comp sales including e-commerce decreased 3 per cent. Americas wholesale revenues in the quarter decreased 3.0 per cent to $41.88 million.

 

Guess, a designer and marketer of lifestyle collection of contemporary apparel and denim, posted 580.7 per cent jump in its net earnings to $96 million in complete fiscal 2020 ended on February 1, 2020 compared to $14.1 million in prior year. Net revenue in FY20 increased 2.6 per cent to $2.68 billion compared to $2.61 billion in the prior year. #

Europe registered 13.2 per cent jump in its revenues to $420.2 million. Asia revenues decreased 27.7 per cent to $95.46 million. Licensing revenues increased 22.7 per cent to $26.27 million.

 

Guess, a designer and marketer of lifestyle collection of contemporary apparel and denim, posted 580.7 per cent jump in its net earnings to $96 million in complete fiscal 2020 ended on February 1, 2020 compared to $14.1 million in prior year. Net revenue in FY20 increased 2.6 per cent to $2.68 billion compared to $2.61 billion in the prior year. #

Net revenue in FY20 increased 2.6 per cent to $2.68 billion compared to $2.61 billion in the prior year. 

 

Guess, a designer and marketer of lifestyle collection of contemporary apparel and denim, posted 580.7 per cent jump in its net earnings to $96 million in complete fiscal 2020 ended on February 1, 2020 compared to $14.1 million in prior year. Net revenue in FY20 increased 2.6 per cent to $2.68 billion compared to $2.61 billion in the prior year. #

Americas retail revenues decreased 1.6 per cent to $811.5 million. Retail comp sales including e-commerce were relatively flat. Americas wholesale revenues increased 9.1 per cent to $186.38 million. 

 

Guess, a designer and marketer of lifestyle collection of contemporary apparel and denim, posted 580.7 per cent jump in its net earnings to $96 million in complete fiscal 2020 ended on February 1, 2020 compared to $14.1 million in prior year. Net revenue in FY20 increased 2.6 per cent to $2.68 billion compared to $2.61 billion in the prior year. #

Europe revenues increased 9.2 per cent to $1.2 billion. Retail comp sales including e-commerce were relatively flat in US dollars.

 

Guess, a designer and marketer of lifestyle collection of contemporary apparel and denim, posted 580.7 per cent jump in its net earnings to $96 million in complete fiscal 2020 ended on February 1, 2020 compared to $14.1 million in prior year. Net revenue in FY20 increased 2.6 per cent to $2.68 billion compared to $2.61 billion in the prior year. #

Asia revenues decreased 10.8 per cent $346.21 million. Retail comp sales including e-commerce decreased 19 per cent in US dollars. Licensing revenues increased 3.2 per cent to $85.84 million.

 

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