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TheStreet Open House

Why Guess (GES) Stock Is Plummeting In After-Hours Trading Today

NEW YORK (TheStreet) -- Shares of Guess Inc. (GES) are down -7.96% to $23.60 in after-hours trading on Wednesday, after the company reported a 50% decrease in fiscal 2015 second quarter net earnings to $22 million, or 26 cents per diluted share, compared to adjusted net earnings of $44.3 million, or 52 cents per diluted share for the year ago period.

The clothing, shoes, and accessories retailer said total net revenue for the most recent quarter fell by 4.8% to $608.6 million, from $639 million for the fiscal 2014 second quarter.

"Overall second quarter earnings were consistent with our expectations but were short of our operational goals due to a soft environment in North America, where traffic and promotional activity have continued to put our brick and mortar stores under pressure," said Guess CEO Paul Marciano.

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Analysts polled by FactSet expected Guess to report earnings of 29 cents per share, on $617.9 million in revenue.

Separately, TheStreet Ratings team rates GUESS INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

"We rate GUESS INC (GES) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity."

You can view the full analysis from the report here: GES Ratings Report

GES Chart GES data by YCharts

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