Guess? Posts Strong Q4

Los Angeles, Guess?, Inc. reported net earnings of $14.9 million, for the fourth quarter ended Dec. 31, 2004, up 26.3% from $11.8 million in the same quarter last year. Comparable-store sales increased 4.4% during the fourth quarter of 2004 from the year-ago period. Total net revenue for the fourth quarter of 2004 increased 12.4% to $224 million from $199.3 million in the fourth quarter of 2003.

“Results for the quarter reflect sales and margin growth, including improved wholesale performance and a higher licensing contribution,” said Carlos Alberini, president and COO. For the full year, Guess? reported that net earnings increased to $29.6 million, up from $7.3 million in the comparable 2003 period. Comp-store sales increased 9.9% for the 2004 year.