Guess earnings inch up in Q3

Los Angeles Guess reported net earnings of $64.1 million for its third quarter ending Oct. 31, a slight increase compared with $64.0 in the same period from the year before.

Total net revenue for the third quarter of fiscal 2010 decreased 1.0% to $522.8 million, from $527.9 million in the prior-year quarter.

The company’s retail stores in North America generated net revenue of $239.5 million in the third quarter of fiscal 2010, a 1.9% increase from $235.1 million in the same period a year ago.

Meanwhile, same-store sales decreased 3.4% for the third quarter of fiscal 2010, compared with the same period a year ago.

The company operated 433 retail stores in the United States and Canada at the end of the third quarter of fiscal 2010 versus 422 stores a year earlier.

Net revenue from the company’s wholesale segment, which includes the company’s Asian operations, increased 10.0% to $86.7 million in the third quarter of fiscal 2010, from $78.8 million in the prior-year period.