Guess Q4 earnings fall, revenues drop 23 percent

For the fourth quarter of fiscal 2021, Guess recorded GAAP net earnings of 70.4 million dollars, an 11.5 percent decrease from the fourth quarter of fiscal 2020. The company said, GAAP diluted earnings per share decreased 9.3 percent to 1.07 dollars for the quarter compared to 1.18 dollars for the same prior-year quarter, while adjusted net earnings were 77.7 million dollars, a 5.7 percent decrease from 82.3 million dollars and adjusted diluted earnings per share decreased 3.3 percent to 1.18 dollars compared to 1.22 dollars for the same prior-year quarter.