Guess? reports record results

16/02/2007

US apparel, accessories and consumer goods brand lifestyle Guess? Inc. has reported record financial results for the fourth quarter and full year, ended December 31.

For the fourth quarter, the company record revenues and record net earnings of $45.7 million, an increase of 77.1% compared with the $25.8 million posted for the same quarter in 2005. Total net revenue for the quarter rose 25.2% to $346.4 million.

For the full year, the company posted record revenues and net earnings of $123.2 million, an increase of 109.4% compared with the $58.8 million reported for the prior year. Total net revenue for 2006 increased 26.6% to $1.19 billion from $936.1 million in 2005.

Commenting on the results, Paul Marciano, CEO, said, "The globalisation of the Guess? brand is in full drive and delivering strong financial results.”

As of February 3, Guess? operated 334 retail stores in the United States and Canada. The company also distributes its products through department and specialty stores around the world.