Guess? reports record results
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