Guess? Inc. Beats on Top and Bottom Lines (GES)

Guess? Inc. GES reports Q2 EPS of $0.72 versus estimates of $0.68. Guess? Inc. reports revenues of $577.1 million versus estimates of $576.38 million. The company now sees Q3 FY2011 revenues of $565 to $580 million and diluted EPS of $0.55 to $0.58. Operating margin is expected to be about 16.0%. Paul Marciano, Chief Executive Officer, commented, "We are pleased with our second quarter financial results, which exceeded our expectations for both top line and bottom line growth. Each one of our business segments increased revenues and we made excellent progress in our efforts to grow our international businesses. Our European and Asian expansion efforts continue to pay off, as these two regions represented nearly half of our revenue growth in the period, despite the headwind caused by the stronger US dollar.” He added, “We executed well and delivered record earnings for the period, even as the US retail environment became increasingly promotional. Today's strong results confirm the benefit of our diversified earnings, the capability of our management team and the vitality of our brand as we continue to expand worldwide." Shares of GES are lower in the after-hours by 1.52%.