Guess?, Inc. Reports Record Second Quarter Results; Announces Dividend of $.16 (GES)

Guess?, Inc. GES today reported financial results for the second quarter of its 2011 fiscal year, which ended July 31, 2010. For the second quarter of fiscal 2011, the Company reported record net earnings of $66.8 million, a 12.1% increase compared to net earnings of $59.6 million for the second quarter of fiscal 2010. Diluted earnings per share increased 12.5%, reaching $0.72, compared to $0.64 for the prior-year quarter. Total net revenue for the second quarter of fiscal 2011 increased 10.5% to $577.1 million from $522.4 million in the prior-year quarter. In constant dollars, total net revenue increased 13.9%. The Company also announced today that its Board of Directors has approved a quarterly cash dividend of $0.16 per share on the Company's common stock. The dividend will be payable on September 24, 2010 to shareholders of record at the close of business on September 8, 2010.