Guess?, Inc. (NYSE:GES)’s quarterly outcomes beat Wall Street, shares zoom


Dallas, Texas 08/30/2013 (Financialstrend) – Guess?, Inc. (NYSE:GES) has reported 2nd quarterly outcomes above anticipations owing to an enhancement in retail sale facts in the North American zone, sending scrip of the firm up by around 15% in aftermarket trading.

Apart from restructuring charges, the firm made 52 cents per share during the 2nd quarterly period ended August 3. Revenue climbed 0.6% to hit $639 million.

Market experts, on average, had anticipated 2nd quarterly period earnings of 36 cents per share on income of $622.9 million.

The company’s net income declined 7% to $39.8 million, or 47 cents per scrip as compared to $42.9 million, or 49 cents per share, during the same period of 2012.

Comparable sales declined around 2% during the 2nd quarterly period. They had declined 10% during the first quarterly period.

Guess? Inc. announces quarterly dividend of $0.20

Guess? has made declaration about a quarterly dividend on Aug 28th, the latest reports stated.

Stockholders of record on Wednesday, September 11th will get a dividend of $0.20 per scrip on Friday, September 27th.

GUESS?, Inc. names COO

GUESS?, Inc. has named Michael Relich as the Chief Operating Officer with global task.  As part of the GUESS Executive management group, Mr. Michael will be answerable to Paul Marciano, beginner and chief executive officer of GUESS?, Inc.

In his 9 year period as Chief Information Officer for the company, Mr. Michael has had growing worldwide responsibilities, leading a number of regions, comprising information technology, Distribution/Logistics, E-Commerce and planned preparation.  During his term with the firm, Mr. Relich has proven to be a wide-ranging head with sturdy operational knowledge and strategic idea.

Paul Marciano stated, “I think, more than ever, that the incorporation of know-how, pace, and brand synergy is fundamental for our triumph.  Michael’s confirmed experience in these arenas makes him a huge fit as our new COO.”