Review of Guess results compared to H1 2021

The company recorded GAAP net earnings of 73.1 million dollars compared to GAAP net loss of 178 million dollars for the six months ended August 1, 2020. GAAP diluted EPS was 1.10 dollars compared to GAAP diluted loss per share of 2.72 dollars during the same prior-year period.

The company recorded adjusted net earnings of 78 million dollars, compared to an adjusted net loss of 119.6 million dollars for the six months ended August 1, 2020. Adjusted diluted EPS was 1.17 dollars, compared to adjusted loss per share of 1.83 dollars during the same prior-year period.

Total net revenue increased 74.4 percent to 1.15 billion dollars from 658.8 million dollars in the same prior-year period. In constant currency, net revenue increased by 66.6 percent.

GAAP earnings from operations was 114 million dollars compared to GAAP loss from operations of 176.8 million dollars in the same prior-year period. GAAP operating margin increased 36.7 percent to 9.9 percent, from negative 26.8 percent in the same prior-year period.