Guess? (GES) Gains on Q4 Earnings Beat, Strategic Plan Update Zacks.com 3 days ago
Guess? Inc. GES reported fourth-quarter fiscal 2021 results, with the bottom line cruising past the Zacks Consensus Estimate. However, both earnings and revenues declined year over year. Revenues continued to bear adverse impacts from the pandemic-induced reduced demand, temporary store closures as well as capacity constraints. However, the company somewhat compensated for the revenue softness with reduced SG&A expenses, thanks to its expense savings. Certainly, gross margin expansion and robust expense management was an upside.
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Also, Guess? is benefiting from customers’ solid response to its assortment as well as strength in its digital business, which performed well in the fourth quarter. Apart from this, the company has been focused on its five-year strategic plan that was unveiled in December 2019. Impressively, shares of the company gained 6.8% during the after-market tra
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