Shares of Guess? Inc. (NYSE:GES) gained slightly in Wednesday’s after hours session following the release of the company’s Q4 earnings. The company also announced a $175 million accelerated share repurchase arrangement.
Q4 EPS and sales results came in below consensus etimates while the company said expects low-single digit revenue growth and 10.5% operating margin for fiscal year 2023.
Guess? CEO Carlos Alberini said “We closed the year with over $300 million in earnings from operations and reached an operating margin of 11.8%, more than double our pre-pandemic levels by both measures.”
