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GES Guess

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
IRS number
953679695

GES stock data

(
)

Calendar

4 Jun 21
13 Jun 21
30 Jan 22
Quarter (USD)
May 21 Jan 21 Oct 20 Jul 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Jan 21 Jan 20 Feb 19 Feb 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Guess earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 395.36M 395.36M 395.36M 395.36M 395.36M 395.36M
Cash burn (monthly) 24.66M 2.02M (positive/no burn) (positive/no burn) 17.88M (positive/no burn)
Cash used (since last report) 35.89M 2.94M n/a n/a 26.02M n/a
Cash remaining 359.47M 392.42M n/a n/a 369.34M n/a
Runway (months of cash) 14.6 194.1 n/a n/a 20.7 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
15 Apr 21 Paul Marciano Common Stock Sell Dispose S Yes No 27.43 30,000 822.9K 1,381,700
14 Apr 21 Gianluca Bolla Common Stock Sell Dispose S No No 27 2,963 80K 87,905
14 Apr 21 Paul Marciano Common Stock Sell Dispose S Yes No 26.98 40,000 1.08M 1,411,700
13 Apr 21 Paul Marciano Common Stock Sell Dispose S Yes No 26.77 30,000 803.1K 1,451,700
13 Apr 21 Paul Marciano Common Stock Grant Aquire A No No 0 310,881 0 379,328
7 Apr 21 Paul Marciano Common Stock Gift Dispose G Yes No 0 29,615 0 1,662,094
6 Apr 21 Paul Marciano Common Stock Gift Dispose G Yes No 0 35,000 0 1,725,000
20 Feb 21 Alberini Carlos Common Stock Payment of exercise Dispose F No No 25.23 24,871 627.5K 484,284
5 Feb 21 Paul Marciano Common Stock Grant Aquire A No No 0 91,347 0 247,098
3 Feb 21 Gianluca Bolla Common Stock Payment of exercise Dispose F No No 23.24 422 9.81K 90,868

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

13F holders
Current Prev Q Change
Total holders 0 153 EXIT
Opened positions 0 30 EXIT
Closed positions 153 25 +512.0%
Increased positions 0 34 EXIT
Reduced positions 0 67 EXIT
13F shares
Current Prev Q Change
Total value 0 1.66B EXIT
Total shares 0 44.42M EXIT
Total puts 0 2.76M EXIT
Total calls 0 570.02K EXIT
Total put/call ratio 4.8
Largest owners
Shares Value Change
Largest transactions
Shares Bought/sold Change
FMR 0 -9.41M EXIT
BLK Blackrock 0 -5.95M EXIT
Dimensional Fund Advisors 0 -4.52M EXIT
Vanguard 0 -4.08M EXIT
STT State Street 0 -1.63M EXIT
JPM JPMorgan Chase & Co. 0 -1.1M EXIT
Rothschild & Co Asset Management Us 0 -1.1M EXIT
DB Deutsche Bank AG - Registered Shares 0 -1.08M EXIT
D. E. Shaw & Co. 0 -1.07M EXIT
Victory Capital Management 0 -746.62K EXIT

Financial report summary

?
Competition
Fossil
Risks
  • Our business is global in scope and can be impacted by factors beyond our control.
  • Currency fluctuations could adversely impact our financial condition, results of operations and earnings.
  • Abnormally harsh or unseasonable weather conditions 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. tax or trade policies impacting multi-national companies could materially affect our financial condition and results of operations.
  • Changes in subjective assumptions, estimates and judgments by management related to complex tax matters, including those resulting from regulatory reviews, could adversely affect our financial results.
  • Changes in tax laws, significant shifts in the relative source of our earnings, or other unanticipated 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.
  • Our financial condition and results of operations could be adversely affected by pandemics such as the ongoing COVID-19 pandemic.
  • Slowing customer traffic in malls or outlet centers could significantly reduce our sales, increase pressure on our margins and leave us with excess inventory.
  • 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.
  • 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.
  • 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 data privacy laws 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 decrease their purchases or experience financial difficulties, our results of operations and financial condition could be adversely affected.
  • 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.
  • We could find we are carrying excess inventories if we fail to shorten lead-times or anticipate consumer demand, if our international vendors do not supply quality products on a timely basis, if our merchandising strategies fail or if we do not open new and remodel existing stores on schedule.
  • 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 that 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 interests may differ from the interests of our other stockholders.
Management Discussion
  • Net Revenue. Net revenue increased by $259.8 million, or 99.8%, to $520.0 million for the quarter ended May 1, 2021, from $260.3 million for the quarter ended May 2, 2020. In constant currency, net revenue increased by 90.3%, driven by lower comparable sales driven by reduced store traffic and temporary store closures resulting from the COVID-19 pandemic in the same prior-year period and, to a lesser extent, a shift in European wholesale shipments into fiscal 2022. Currency translation fluctuations relating to our foreign operations favorably impacted net revenue by $24.8 million, compared to the same prior-year period.
  • Gross Margin. Gross margin increased 27.5% to 40.7% for the quarter ended May 1, 2021, compared to 13.2% in the same prior-year period, of which 21.0% was due to lower occupancy rate and 650 basis points was due to higher product margins. The lower occupancy rate resulted primarily from leveraging occupancy costs due mainly to the impact of prior-year temporary store closures in Americas Retail and, to a lesser extent, a shift in European wholesale shipments into fiscal 2022. The product margins were higher as the prior year’s quarter included significant inventory reserves.
  • Gross Profit. Gross profit increased by $177.3 million, or 518.1%, to $211.6 million for the quarter ended May 1, 2021, compared to $34.2 million in the same prior-year period. The increase in gross profit, which included the favorable impact of currency translation, was due primarily to the favorable impact on gross profit from higher revenue, as well as lower occupancy costs. Currency translation fluctuations relating to our foreign operations favorably impacted gross profit by $8.1 million.
Content analysis
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