Same-store sales increased 15.9 percent during the fourth quarter of 2005 from the year-ago period. Net revenue from the company's wholesale segment was flat at $33.0 million in the fourth quarter of 2005 compared to the year-ago period.
The net revenue from the company's European operations segment increased 243.8 percent to $22.9 million in the fourth quarter of 2005, compared to $6.6 million in the prior-year period, following the acquisition of the company's European jeanswear licensee in January 2005. Licensing segment net revenue increased 10.1 percent to $13.7 million in the 2005 fourth quarter from $12.4 million in the fourth quarter last year.
For the full year ended December 31st 2005, the company reported net earnings increased to $58.8 million versus net earnings of $29.6 million in the comparable 2004 period. The 2005 results include in the third quarter a special performance-based compensation expense of $4.6 million, or $2.7 million after tax, related to the performance and contributions of the licensing business to the company's operations.
Total net revenue for 2005 increased 28.4 percent to $936.1 million from $729.3 million in 2004.
The company's retail stores including those in Canada, generated revenue of $612.9 million for 2005, an increase of 18.1 percent from $518.9 million for last year. Same-store sales rose 9.2 percent for the 2005 year.
The net revenue from the company's wholesale segment increased slightly to $121.1 million in 2005 from $120.4 million in 2004. Net revenue from the company's European operations increased 259.6 percent to $153.8 million for 2005, compared to $42.8 million in the prior year period, following the acquisition of the company's European jeanswear licensee in January 2005.
Licensing segment net revenue for 2005 rose 2.3 percent to $48.3 million from $47.2 million for the prior year.
Guess? Inc designs, markets, distributes and licenses a lifestyle collection of contemporary apparel, accessories and related consumer products.
marketing@alchempro.com
