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Guess (GES)

Established in 1981, GUESS began as a jeans company and has since successfully grown into a global lifestyle brand. Guess?, Inc. designs, markets, distributes and licenses a lifestyle collection of contemporary apparel, denim, handbags, watches, eyewear, footwear and other related consumer products. Guess? products are distributed through branded Guess? stores as well as better department and specialty stores around the world. As of October 31, 2020, the Company directly operated 1,068 retail stores in the Americas, Europe and Asia. The Company's partners and distributors operated 536 additional retail stores worldwide. As of October 31, 2020, the Company and its partners and distributors operated in approximately 100 countries worldwide.

Company profile

Ticker
GES
Exchange
CEO
Carlos Alberini
Employees
Incorporated
Location
Fiscal year end
Former names
GUESS INC ET AL/CA/
SEC CIK
Subsidiaries
Guess?, Inc. • Grupo Guess, S. de R.L. de C.V. • Guess Apparel Spain, S.L. • Guess? Asia Limited • Guess Austria GmbH • Guess Bel LLC • Guess Belgium S.P.R.L. • Guess? Brasil Comercio e Distribuicao S.A. • Guess? Canada Corporation • Guess Canary Islands, S.L. ...
IRS number
953679695

GES stock data

Analyst ratings and price targets

Last 3 months

Calendar

2 Jun 22
26 Jun 22
28 Jan 23
Quarter (USD) Apr 22 Jan 22 Oct 21 Jul 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Jan 22 Jan 21 Jan 20 Feb 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 147.9M 147.9M 147.9M 147.9M 147.9M 147.9M
Cash burn (monthly) 89.22M 20.62M (no burn) (no burn) 18.19M (no burn)
Cash used (since last report) 169.75M 39.23M n/a n/a 34.61M n/a
Cash remaining -21.85M 108.66M n/a n/a 113.29M n/a
Runway (months of cash) -0.2 5.3 n/a n/a 6.2 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
22 Apr 22 Marciano Maurice Common Stock Grant Acquire A No No 0 7,846 0 10,823
22 Apr 22 Cynthia R Livingston Common Stock Grant Acquire A No No 0 7,846 0 30,022
22 Apr 22 Anthony Chidoni Common Stock Grant Acquire A No No 0 7,846 0 209,552
22 Apr 22 Weinswig Deborah Common Stock Grant Acquire A No No 0 7,846 0 36,196
22 Apr 22 Yemenidjian Alex Common Stock Grant Acquire A No No 0 11,987 0 154,159
72.5% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 173 1 +17200.0%
Opened positions 172 0 NEW
Closed positions 0 165 EXIT
Increased positions 1 0 NEW
Reduced positions 0 1 EXIT
13F shares Current Prev Q Change
Total value 945.38M 92.83M +918.4%
Total shares 43.22M 3.92M +1002.5%
Total puts 1.98M 0 NEW
Total calls 1.64M 0 NEW
Total put/call ratio 1.2
Largest owners Shares Value Change
BLK Blackrock 6.63M $144.83M NEW
Vanguard 4.56M $99.55M NEW
Dimensional Fund Advisors 3.97M $86.76M +1.3%
FMR 3.31M $72.28M NEW
Senvest Management 2.12M $46.43M NEW
DB Deutsche Bank AG - Registered Shares 1.7M $37.19M NEW
Legion Partners Asset Management 1.64M $35.93M NEW
JPM JPMorgan Chase & Co. 1.64M $35.82M NEW
STT State Street 1.6M $35.38M NEW
J. Goldman & Co 1.02M $22.2M NEW
Largest transactions Shares Bought/sold Change
BLK Blackrock 6.63M +6.63M NEW
Vanguard 4.56M +4.56M NEW
FMR 3.31M +3.31M NEW
Senvest Management 2.12M +2.12M NEW
DB Deutsche Bank AG - Registered Shares 1.7M +1.7M NEW
Legion Partners Asset Management 1.64M +1.64M NEW
JPM JPMorgan Chase & Co. 1.64M +1.64M NEW
STT State Street 1.6M +1.6M NEW
J. Goldman & Co 1.02M +1.02M NEW
GS Goldman Sachs 894.03K +894.03K NEW

Financial report summary

?
Competition
Fossil
Risks
  • Our business is global in scope and can be impacted by factors beyond our control.
  • Our business may also be affected by new sanctions and export controls targeting Russia and other responses to Russia's invasion of Ukraine.
  • Currency fluctuations could adversely impact our financial condition, results of operations and earnings.
  • Abnormally harsh or unseasonable weather conditions, including as a result of climate change or power outage, could have a material adverse impact on our sales, inventory levels and operating results.
  • Our results of operations could be affected by natural events in the locations in which we or our customers or suppliers operate.
  • Future changes to U.S. income tax or trade policies impacting multi-national companies could materially affect our financial condition and results of operations.
  • Errors in our assumptions, estimates and judgments related to tax matters, including those resulting from regulatory reviews, could adversely affect our financial results.
  • Changes in income tax laws, significant shifts in the relative source of our earnings, or other unanticipated income tax liabilities could adversely affect our effective income tax rate and profitability and may result in volatility in our financial results.
  • If we fail to successfully execute growth initiatives, including acquisitions and alliances, our business and results of operations could be harmed.
  • We may be unsuccessful in implementing our plans to open and operate new stores, which could harm our business and negatively affect our results of operations.
  • Failure to successfully develop and manage new store design concepts could adversely affect our business.
  • We may not fully realize expected cost savings and/or operating efficiencies related to cost-saving initiatives.
  • The COVID-19 pandemic has had, and may continue to have, adverse effects on our financial condition and results of operations, and other similar pandemics could also adversely affect our business.
  • Slowing customer traffic in malls or outlet centers could significantly reduce our sales, increase pressure on our margins and leave us with excess inventory.
  • Failure to successfully develop an omnichannel shopping experience could have a material adverse impact on our business.
  • Poor or uncertain economic conditions, and the resulting negative impact on consumer confidence and spending, have had and could in the future have an adverse effect on our business.
  • Significant fluctuations and volatility in the price of various input costs, including, but not limited to, cotton and oil-related materials, utilities, fuel, freight and wages may have a material adverse effect on our business, results of operations, financial condition and cash flows.
  • Fluctuations in the price or availability of quality raw materials and commodities could increase costs and negatively impact profitability.
  • Demand for our merchandise may decrease and the appeal of our brand image may diminish if we fail to identify and rapidly respond to consumers’ fashion tastes.
  • Our inability to protect our reputation could have a material adverse effect on our brand.
  • We depend on our intellectual property, and our methods of protecting it may not be adequate.
  • Failure to appropriately address emerging environmental, social and governance matters could have a material adverse impact on our reputation and, as a result, our business.
  • Since we do not control our licensees’ actions and we depend on our licensees for a substantial portion of our earnings from operations, their conduct could harm our business.
  • Our success depends on the strength of our relationships with our suppliers and manufacturers.
  • A data privacy breach or failure to comply with confidentiality and data privacy obligations could damage our reputation and customer relationships, expose us to litigation risk and potential fines and adversely affect our business.
  • Our business could suffer if our computer systems and websites are disrupted or cease to operate effectively.
  • The apparel industry is highly competitive, and we may face difficulties competing successfully in the future.
  • Our Americas Wholesale business is highly concentrated. If any large customers decreases its purchases or experiences financial difficulties, our results of operations and financial condition could be adversely affected.
  • Proxy contests or other activist investor actions threatened or commenced against us could cause the Company to incur substantial costs, divert management’s attention and resources, cause uncertainty about the strategic direction of our business and adversely affect our business, operating results and financial condition.
  • Violation of labor, environmental and other laws by our licensees or suppliers could harm our business.
  • We are subject to periodic litigation and other regulatory proceedings, which could result in unexpected obligations, as well as the diversion of time and resources.
  • Our failure to retain our existing senior management team or to retain or attract other key personnel could adversely affect our business.
  • Increases in labor costs, including wages, could adversely impact our operational results, financial condition and results of operations.
  • Our failure to shorten lead-times or to anticipate consumer demand, failure of our international vendors to supply quality products on a timely basis, failure of our merchandising strategies or failure to open new and remodel existing stores on schedule could result in excess inventory.
  • Failure to deliver merchandise timely to our distribution facilities, stores or wholesale customers could disrupt our business.
  • A disruption at our distribution facilities could have a material adverse impact on our sales and operating results.
  • We may be unable to raise the funds necessary to repurchase our $300 million 2.0% convertible senior notes due 2024 (the “Notes”) for cash following a fundamental change, or to pay any cash amounts due upon conversion, and our other indebtedness may limit our ability to repurchase the Notes or pay cash upon their conversion.
  • The issuance or sale of shares of our common stock, or rights to acquire shares of our common stock, could depress the trading price of our common stock and the Notes.
  • Difficulties in the credit markets could have a negative impact on our customers, suppliers and business partners, which, in turn could materially and adversely affect our results of operations and liquidity.
  • Our indebtedness and liabilities could limit the cash flow available for our operations, expose us to risks that could adversely affect our business, financial condition and results of operations and impair our ability to satisfy our obligations under our outstanding indebtedness.
  • We conduct a significant amount of our operations through our subsidiaries and may rely on our subsidiaries to make payments under our outstanding indebtedness.
  • Recent and future regulatory actions and other events may adversely affect the trading price and liquidity of the Notes and the liquidity of the market for our common stock.
  • Provisions in the indenture for the Notes (the “Indenture”) could delay or prevent an otherwise beneficial takeover of us.
  • The conditional conversion feature of the Notes, if triggered, may adversely affect our financial condition and results of operations.
  • The accounting method for the Notes could adversely affect our reported financial condition and results.
  • The Notes’ hedge and warrant transactions may affect the value of the Notes and our common stock.
  • We are subject to counterparty risk with respect to the Notes’ hedge transactions.
  • Conversion of the Notes or exercise of the warrants evidenced by the warrant transactions may dilute the ownership interest of existing stockholders.
  • Our repurchases of shares of our common stock may affect the value of the Notes and our common stock.
  • Fluctuations in quarterly performance including comparable store sales, sales per square foot, operating margins, timing of wholesale orders, royalty net revenue or other factors could have a material adverse effect on our earnings and our stock price.
  • We cannot ensure we will continue paying dividends at the current rates or at all.
  • Our Two Founding Board Members own a significant percentage of our common stock. Their respective interests may differ from the interests of our other stockholders.
Management Discussion
  • Net Revenue. Net revenue increased by $73.5 million or 14%, compared to the same prior-year quarter. In constant currency, net revenue increased by 20.6%. Almost 60% of the increase was driven by the operation of stores this quarter that had been temporarily closed in the same prior-year quarter and slightly over 25% from higher wholesale shipments. The remaining increase was driven by new stores and higher licensing revenue,
  • partially offset by permanent store closures. Currency translation fluctuations relating to our non-U.S. operations unfavorably impacted net revenue by $33.5 million compared to the same prior-year quarter.
  • Gross Margin. Gross margin increased 0.9% for the quarter ended April 30, 2022 compared to the same prior-year quarter, driven entirely by a lower occupancy rate. The lower occupancy rate was due to a 180 basis point favorable impact from leveraging of expenses as a result of higher revenues and business mix, partially offset by 70 basis points due to rent relief in the same prior-year quarter. Product margin remained flat to the same prior-year quarter as favorable business mix and lower markdowns were offset by unfavorable currency translation fluctuations and lower initial markups.

Content analysis

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H.S. sophomore Avg
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