Boston, MA 09/10/2013 (wallstreetpr) – With over 840 retail stores in the United States, Canada, Asia, Europe, and Latin America, over 850 licensee and distributor operated stores outside the United States and Canada, and penetration to 26 countries through e-commerce sites the Guess?, Inc. (NYSE:GES) – the Consumer Non-Durable giant offers wide range of apparel and accessories for infants, children, men and women. Their product ranges include full collections of clothing, intimate apparel, handbags, footwear, watches, eyewear, fragrance, jewelry and other accessories.
On Monday, Sep 9 the stock closed at $31.01 and is trading just around 10% below its 52-week high of $34.36. For the third consecutive quarter GES is going to pay a cash dividend payment of $0.2 per share. The dividend yield counts at 2.58% at the current stock price. A cash dividend payment is scheduled to be paid on September 27, 2013. The current earnings per share for trailing twelve monthis $1.89 and for the next year it is estimated to be around $2.11.
The quarterly results of the company for 2Q13 beat the street with marginally higher sales figures of $639 million – a 0.6% gain which beat the street expectations by $15 million. Compared to 2Q12 the sales revenue during 2Q13 marginally improved in Europe (1.4%) and reportedly decline in Asia (1.5%) and North America (0.5%). However with the current quarter results where other retailers in the segment posted disastrous results and in evidence of future guidance it seems that the GES seems to set for turnaround in its operations as well as in stock price.
During its down time the GES management has strategically executed turnaround strategy for building international business and improving efficiencies alongside crucial cost saving measures. During the previous year almost 50% sales was reported from outside the US. The company eyes future growth through improved sales in Asian and European Union alongside reestablishing the ‘Guess?’ brand in the US market.