Guess earnings jump in the third quarter

For the third quarter of fiscal 2020, Guess recorded GAAP net earnings of 26.4 million dollars, a 112.3 percent increase compared to 12.4 million dollars for the third quarter of fiscal 2020. GAAP diluted earnings per share increased 127.8 percent to 41 cents compared to 18 cents for the same prior-year quarter. Guess said in a statement that adjusted net earnings were 37.4 million dollars, a 150.7 percent increase compared to 14.9 million dollars, while adjusted diluted earnings per share increased 163.6 percent to 58 cents, compared to 22 cents for the same prior-year quarter. Total net revenue decreased 7.6 percent to 569.3 million dollars, while in constant currency, net revenue decreased by 10.1 percent.