Guess Q2 results compared to second quarter of fiscal 2021

The company recorded GAAP net earnings of 61.1 million dollars compared to a GAAP net loss of 20.4 million dollars for the second quarter of fiscal 2021. GAAP diluted EPS increased to 91 cents compared to a GAAP diluted loss per share of 31 cents for the same prior-year quarter.

The company’s adjusted net earnings were 64.1 million dollars compared to adjusted net loss of 0.6 million dollars for the second quarter of fiscal 2021. Adjusted diluted EPS increased to 96 cents, compared to adjusted diluted loss per share of 1 cent for the same prior-year quarter.

Total net revenue increased 57.7 percent to 628.6 million dollars, while in constant currency, net revenue increased by 51.1 percent.

GAAP earnings from operations increased to 87.4 million dollars from a GAAP loss from operations of 14.3 million dollars in the same prior-year quarter. GAAP operating margin increased 17.5 percent to 13.9 percent, from negative 3.6 percent in the same prior-year quarter.

Adjusted earnings from operations increased to 88.6 million dollars, from an adjusted operating loss of 0.9 million dollars in the same prior-year quarter. Adjusted operating margin increased 14.3 percent to 14.1 percent.