(GES) Guess? Inc. – Bull of the Day

October 8th, 2009

Guess? (GES) reported better-than-expected results for the first half of 2010, thanks to strong North American sales, operating cost controls and smart inventory management. In addition, the company’s strong cost-control efforts helped it maintain a lower operating cost structure, which in turn helped it navigate through the difficult economic conditions.

Management also issued optimistic guidance for the third quarter, although it declined to provide guidance for fiscal year 2010. For the third quarter, Guess expects revenue of $465-$485 million and EPS of 46-49 cents.

Given the company’s positive outlook and strong control mechanisms, we upgrade the shares of Guess Inc. from Neutral to Outperform.

Zacks Investment Research
View original at: Zacks.com News Feed

More on this topic (What's this?)
ETF Screening - Candlestick Patterns 27 Jan (Short-Term Trading, 1/28/10)
THE BIG MONEY IS BULLISH WHILE SMALL MONEY IS BEARISH (THE PRAGMATIC CAPITALIST, 12/17/09)
Investor Sentiment: They Don't Ring A Bell At The Top (The Technical Take, 1/17/10)
Book Review: Full of Bull (College Analysts, 8/19/09)
Read more on Guess?, Bull market at Wikinvest


Similar Posts: | | Apparel Stores | Services

RSS feeds: GES | Guess? Inc. | Apparel Stores | Services |

Other Posts by vitalstocks | RSS Feed for this author

Post a Response

You must be logged in to post a comment.