This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Guess' CEO Discusses Q4 2011 Results - Earnings Call Transcript

Guess?, Inc. (GES)

Q4 2011 Earnings Conference Call

March 14, 2012 4:30 PM ET

Executives

Paul Marciano – Chief Executive Officer

Dennis Secor – Chief Financial Officer

Michael Prince – Chief Operating Officer

Analysts

Shreya Jawalkar – Jefferies

Jeff Klinefelter – Piper Jaffray & Co.

Helena Tse – Bank of America Merrill Lynch

Omar Saad – ISI Group

Diana Katz – Lazard Capital Markets

Eric Beder – Brean Murray, Carret & Co.

David Glick – Buckingham Research Group

Dana Telsey – Telsey Advisory Group

Margaret Whitfield – Sterne, Agee & Leach

Susan Sansbury – Miller Tabak

John Kernan – Cowen and Company

Presentation

Operator

Good day everyone, and welcome to the Guess? fourth quarter fiscal 2012 earnings conference call. On the call are Paul Marciano, Chief Executive Officer; Michael Prince, Chief Operating Officer; Dennis Secor, Chief Financial Officer; and Russell Bowers, Chief Financial Officer, North American Retail.

During today's call, the company will be making forward-looking statements, including comments regarding future plans and financial outlook. The company's actual results may differ materially from current expectations based on risk factors included in the company's quarterly, annual, and current reports filed with the SEC, including economic conditions, business strategies, results of litigation, tax and other similar proceedings and currency fluctuations.

I would now turn the presentation over to Paul Marciano.

Paul Marciano

Thank you, and good afternoon. We are pleased with our fourth quarter performance, extending our global business, and delivering record revenue even as a weak European economy continued to create headwinds for us.

We made significant progress in elevating the Guess? brand in North America Retail, where sales were up as we expanded profitability. In Asia, we gained shares with double-digit top line growth. Once again we focused on sound fundamental and solid execution. We manage our resources carefully, especially our inventories, for taking our brand throughout the holiday season, avoiding much of the massive discounting in the malls. All of that resulted in a solid financial performance, delivering earning per share of $1.05, which was within the level that we anticipate for the quarter.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,024.06 +183.54 1.03%
S&P 500 2,108.29 +22.78 1.09%
NASDAQ 5,005.3910 +63.9670 1.29%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs