Guess H1 GAAP net earnings increase to 73.1 million dollars

For the six months ended July 31, 2021, the company recorded GAAP net earnings of 73.1 million dollars, compared to 3.9 million dollars for the six months ended August 3, 2019. GAAP diluted EPS was 1.10 dollars compared to 5 cents.

The company recorded adjusted net earnings of 78 million dollars compared to 7.8 million dollars for the six months ended August 3, 2019. Adjusted diluted EPS was 1.17 dollars, compared to 10 cents.

Total net revenue for the period decreased 5.8 percent to 1.15 billion dollars and in constant currency, net revenue decreased by 8.3 percent.

GAAP earnings from operations were 114 million dollars compared to 21.5 million dollars, while GAAP operating margin increased 8.1 percent to 9.9 percent. Adjusted earnings from operations were 114.5 million dollars compared to 25.5 million dollars for the six months ended August 3, 2019. Adjusted operating margin improved 7.9 percent to 10 percent.