Guess? Stock Climbs On Q4 Results: EPS Beat, Revenue Beat, Special Cash Dividend
Portfolio Pulse from Erica Kollmann
Guess?, Inc. (NYSE:GES) reported Q4 earnings of $2.01 per share, surpassing estimates of $1.56, with sales of $891.05 million beating estimates of $855.54 million. The company announced a special cash dividend of $2.25 per share and expects Q1 revenue to grow 1-2%. Fiscal year 2025 revenue is projected to increase 11.5-13.5%, with earnings of $2.56-$3.00 per share. CEO Carlos Alberini highlighted the integration of rag & bone and the launch of Guess Jeans targeting Generation Z.
March 20, 2024 | 8:43 pm
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Guess? Inc. reported strong Q4 earnings and revenue, announced a special dividend, and provided optimistic future revenue and earnings projections.
Guess? Inc.'s Q4 earnings and revenue beat, along with the announcement of a special dividend and positive future projections, are likely to positively impact investor sentiment and the stock price in the short term. The after-hours stock price increase of 7.9% indicates immediate positive market reaction.
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