Guess announced its Q2 results, which exceeded expectations. The net profit for the quarter jumped by 81.5 percent and revenue was $388.3 million; a 48 percent increase from last year. However, the analysts felt that the company’s earning outlook for the next quarter is conservative in spite of good results in first half of the year.
Guess beat analysts' estimates with a 25% increase in Q4 revenue. The company also initiated its first quarterly dividend of $.12 a share. In addition, Guess announced that its stock would undergo a 2-for-1 split at the end of February.
On January 4, Guess reported a strong end to 2006. Q4 retail sales were up 15.8% from a year ago, while same-store sales from the same period increased by 10.8%.
On February 15, 2006, Guess Inc. announced that its CEO had received a Wells Notice from the SEC.
