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Guess raises FY'18 EPS outlook

Guess? Inc. on Nov. 21 raised its full-year fiscal 2018 EPS outlook on the back of stronger results from its Europe and Asia operations.

The Los Angeles-based apparel retailer said it expects adjusted EPS for the fiscal year ending Feb. 3, 2018, in a range of 56 to 63 cents, up from its previous guidance of 52 to 60 cents during its second-quarter report.

Guess also narrowed its revenue growth forecast to a range of 4.0% to 4.5% in constant-currency terms, from a prior growth range of 4.0% to 5.5%.

For the third quarter ended Oct. 28, 2017, the company reported a GAAP loss per share of 4 cents, down from GAAP EPS of 11 cents a year ago and at the higher end of expectations. Net revenue rose 3.3% to $554.1 million, compared with $536.3 million in the year-ago period.