Photo: Guess?, Inc.
The company’s operating margin for fiscal 2022 increased by 6.5% to 11.8%, compared to 5.3% for fiscal 2020, and its adjusted operating margin improved by 6 .4% to 12% in fiscal 2022, compared to 5.6% in fiscal 2020, Guess said in a press release.
Guess also reported net income of $171.4 million, compared to a net loss of $81.2 million for the fiscal year ended January 30, 2021. Its diluted EPS was $2.57 for fiscal 2022. , compared to a diluted loss per share of $1.27 for fiscal 2021.
American lifestyle apparel brand Guess reported net sales of $800 million in the fourth quarter (Q4) of fiscal 2022, up 23% from Q4 of fiscal 2021. The company’s operations in Q4 FY2022 increased by 4.6%. percent to 15.7 percent, compared to 11.1 percent in the same quarter a year earlier. The fourth quarter ended on January 29, 2022.
Additionally, the American lifestyle apparel company reported adjusted net income of $194.7 million, compared to an adjusted net loss of $4.5 million in fiscal 2021. Its adjusted diluted EPS was 2.92 $, compared to an adjusted loss per share of $0.07 for fiscal 2021.
For fiscal 2022, adjusted operating income was $310.6 million, compared to $20.0 million for fiscal 2021. Its adjusted operating margin improved by 10, 9% to 12.0% in FY2022, compared to 1.1% in FY21, primarily due to overall spend leverage and lower markdowns.
Additionally, the company’s EPS was $2.57 for fiscal 2022, compared to a diluted loss per share of $1.27 for fiscal 2021, and its adjusted diluted EPS was $2.92, compared to an adjusted loss per share of $0.07 for fiscal 2021.
Guess earnings per share (EPS) fell 11.9% to $1.04 for the fourth quarter of fiscal 2022, from $1.18 for the fourth quarter of fiscal 2020, and its adjusted diluted EPS fell 6.6% to $1.14 from $1.22 in the fourth quarter of Fiscal 2020.
“This has been an incredible year for our company where we have completely transformed our business. Our brand elevation strategy is central to this transformation. Today, the Guess brand is experiencing strong momentum all over the world, and the Consistency of our assortments and our brand images on a global scale, the quality of our products and the perceived value of our offerings are among the best they have been in the history of Guess.Carlos Alberini, Managing Director de Guess and I would like to thank and congratulate our entire team of Guess associates around the world who work together, tirelessly and relentlessly, to make our business better every day,” Paul Marcianoco-founder and creative directornoted.
For the full fiscal year 2023, assuming no significant COVID-related shutdowns, Guess expects revenue to grow in the low single digits versus fiscal year 2022 and operating margin of approximately 10.5%, the press release added.
Fibre2Fashion (SF) News Desk