Company Quick10K Filing
Guess?
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 76 $1,188
10-Q 2019-12-03 Quarter: 2019-11-02
10-Q 2019-09-05 Quarter: 2019-08-03
10-Q 2019-06-11 Quarter: 2019-05-04
10-K 2019-03-29 Annual: 2019-02-02
10-Q 2018-12-07 Quarter: 2018-11-03
10-Q 2018-09-06 Quarter: 2018-08-04
10-Q 2018-06-07 Quarter: 2018-05-05
10-K 2018-03-29 Annual: 2018-02-03
10-Q 2017-12-01 Quarter: 2017-10-28
10-Q 2017-09-01 Quarter: 2017-07-29
10-Q 2017-06-02 Quarter: 2017-04-29
10-K 2017-03-27 Annual: 2017-01-28
10-Q 2016-12-06 Quarter: 2016-10-29
10-Q 2016-09-01 Quarter: 2016-07-30
10-Q 2016-06-02 Quarter: 2016-04-30
10-K 2016-03-25 Annual: 2016-01-30
10-Q 2015-12-02 Quarter: 2015-10-31
10-Q 2015-09-03 Quarter: 2015-08-01
10-Q 2015-06-04 Quarter: 2015-05-02
10-K 2015-03-27 Annual: 2015-01-31
10-Q 2014-12-09 Quarter: 2014-11-01
10-Q 2014-09-05 Quarter: 2014-08-02
10-Q 2014-06-06 Quarter: 2014-05-03
10-K 2014-03-28 Annual: 2014-02-01
10-Q 2013-09-09 Quarter: 2013-08-03
10-Q 2013-06-11 Quarter: 2013-05-04
10-K 2013-04-01 Annual: 2013-02-02
10-Q 2012-12-05 Quarter: 2012-10-27
10-Q 2012-09-05 Quarter: 2012-07-28
10-Q 2012-06-05 Quarter: 2012-04-28
10-K 2012-03-23 Annual: 2012-01-28
10-Q 2011-12-07 Quarter: 2011-10-29
10-Q 2011-09-07 Quarter: 2011-07-30
10-Q 2011-06-07 Quarter: 2011-04-30
10-K 2011-03-28 Annual: 2011-01-29
10-Q 2010-12-07 Quarter: 2010-10-30
10-Q 2010-09-07 Quarter: 2010-07-31
10-Q 2010-06-10 Quarter: 2010-05-01
10-K 2010-03-31 Annual: 2010-01-30
8-K 2019-12-03 Regulation FD, Exhibits
8-K 2019-11-26 Earnings, Other Events, Exhibits
8-K 2019-11-04 Officers, Regulation FD, Exhibits
8-K 2019-08-28 Earnings, Exhibits
8-K 2019-06-13 Shareholder Vote
8-K 2019-06-06 Earnings, Exhibits
8-K 2019-04-30 Officers, Other Events
8-K 2019-04-23 Enter Agreement, Off-BS Arrangement, Sale of Shares, Regulation FD, Exhibits
8-K 2019-04-22 Enter Agreement, Regulation FD, Other Events, Exhibits
8-K 2019-03-20 Earnings, Exhibits
8-K 2019-02-20 Officers
8-K 2019-01-25 Officers, Regulation FD, Exhibits
8-K 2018-11-28 Earnings, Exhibits
8-K 2018-10-29 Officers, Exhibits
8-K 2018-08-29 Earnings, Exhibits
8-K 2018-06-19 Shareholder Vote
8-K 2018-06-11 Officers, Other Events
8-K 2018-05-30 Earnings, Exhibits
8-K 2018-03-21 Earnings, Exhibits
8-K 2018-03-12 Regulation FD
8-K 2018-03-09 Officers
8-K 2018-02-20 Officers, Regulation FD, Exhibits
8-K 2018-02-09 Other Events, Exhibits
8-K 2018-01-31 Other Events
GES 2019-11-02
Part I. Financial Information
Item 1. Financial Statements.
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations.
Item 3. Quantitative and Qualitative Disclosures About Market Risk.
Item 4. Controls and Procedures.
Part II. Other Information
Item 1. Legal Proceedings.
Item 1A. Risk Factors.
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
Item 6. Exhibits.
EX-10.2 ges-20191102x10qxex102.htm
EX-31.1 ges-20191102x10qxex311.htm
EX-31.2 ges-20191102x10qxex312.htm
EX-32.1 ges-20191102x10qxex321.htm
EX-32.2 ges-20191102x10qxex322.htm

Guess? Earnings 2019-11-02

GES 10Q Quarterly Report

Balance SheetIncome StatementCash Flow

Comparables ($MM TTM)
Ticker M Cap Assets Liab Rev G Profit Net Inc EBITDA EV G Margin EV/EBITDA ROA
GIII 1,328 2,712 1,545 3,117 1,109 141 251 1,841 36% 7.3 5%
OXM 1,250 1,010 491 1,116 639 32 92 1,219 57% 13.3 3%
GES 1,188 2,402 1,825 2,662 974 18 90 1,356 37% 15.1 1%
VRA 338 553 227 427 242 16 42 291 57% 7.0 3%
WEYS 259 286 80 303 123 21 209 249 41% 1.2 7%
SGC 256 347 193 370 130 16 32 371 35% 11.6 5%
DLA 162 381 231 417 81 8 24 292 20% 12.4 2%
JILL 102 695 623 702 445 -84 -34 317 63% -9.3 -12%
JRSH 88 61 9 89 19 8 11 71 21% 6.7 12%
TLF 54 72 13 84 50 2 6 41 60% 7.2 2%

Document
false--02-01Q320200000912463GUESS INCP3Y100000133667911828050.010.01150000000150000000142707300142969992813796606564670220000000.0387879P5YP10YP371DP364DP364D0100000000013390008560004390004990007500023100045600000398000000.010.0110000000100000000000P3YP2YP3YP3Y6132764077323290111880817600000 0000912463 2019-02-03 2019-11-02 0000912463 2019-11-29 0000912463 2019-11-02 0000912463 2019-02-02 0000912463 ges:DebtAndFinanceLeaseLiabilitiesExcludingConvertibleDebtMember 2019-02-02 0000912463 ges:DebtAndFinanceLeaseLiabilitiesExcludingConvertibleDebtMember 2019-11-02 0000912463 2018-02-04 2018-11-03 0000912463 2018-08-05 2018-11-03 0000912463 2019-08-04 2019-11-02 0000912463 us-gaap:RoyaltyMember 2018-08-05 2018-11-03 0000912463 us-gaap:ProductMember 2018-02-04 2018-11-03 0000912463 us-gaap:RoyaltyMember 2018-02-04 2018-11-03 0000912463 us-gaap:ProductMember 2018-08-05 2018-11-03 0000912463 us-gaap:RoyaltyMember 2019-08-04 2019-11-02 0000912463 us-gaap:RoyaltyMember 2019-02-03 2019-11-02 0000912463 us-gaap:ProductMember 2019-02-03 2019-11-02 0000912463 us-gaap:ProductMember 2019-08-04 2019-11-02 0000912463 2018-11-03 0000912463 2018-02-03 0000912463 2019-02-03 2019-05-04 0000912463 us-gaap:RetainedEarningsMember 2019-08-04 2019-11-02 0000912463 us-gaap:AdditionalPaidInCapitalMember 2019-05-05 2019-08-03 0000912463 us-gaap:TreasuryStockMember 2019-02-03 2019-05-04 0000912463 ges:CommonStockOutstandingMember 2019-05-05 2019-08-03 0000912463 us-gaap:TreasuryStockMember 2019-08-04 2019-11-02 0000912463 ges:CommonStockOutstandingMember 2019-02-03 2019-05-04 0000912463 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-11-02 0000912463 us-gaap:TreasuryStockMember 2019-05-04 0000912463 us-gaap:TreasuryStockMember 2019-05-05 2019-08-03 0000912463 us-gaap:RetainedEarningsMember 2019-05-05 2019-08-03 0000912463 us-gaap:RetainedEarningsMember 2019-02-03 2019-05-04 0000912463 ges:CommonStockOutstandingMember 2019-02-02 0000912463 us-gaap:AdditionalPaidInCapitalMember 2019-02-03 2019-05-04 0000912463 2019-05-05 2019-08-03 0000912463 us-gaap:NoncontrollingInterestMember 2019-08-04 2019-11-02 0000912463 us-gaap:NoncontrollingInterestMember 2019-08-03 0000912463 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-08-03 0000912463 us-gaap:AdditionalPaidInCapitalMember 2019-08-04 2019-11-02 0000912463 2019-05-04 0000912463 ges:CommonStockOutstandingMember 2019-05-04 0000912463 ges:CommonStockOutstandingMember 2019-08-04 2019-11-02 0000912463 us-gaap:NoncontrollingInterestMember 2019-11-02 0000912463 us-gaap:NoncontrollingInterestMember 2019-05-05 2019-08-03 0000912463 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-02-03 2019-05-04 0000912463 us-gaap:RetainedEarningsMember 2019-02-02 0000912463 us-gaap:NoncontrollingInterestMember 2019-02-03 2019-05-04 0000912463 us-gaap:AdditionalPaidInCapitalMember 2019-11-02 0000912463 us-gaap:TreasuryStockMember 2019-08-03 0000912463 us-gaap:AdditionalPaidInCapitalMember 2019-05-04 0000912463 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-08-04 2019-11-02 0000912463 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-05-05 2019-08-03 0000912463 us-gaap:TreasuryStockMember 2019-11-02 0000912463 ges:CommonStockOutstandingMember 2019-08-03 0000912463 us-gaap:RetainedEarningsMember 2019-05-04 0000912463 2019-02-03 0000912463 us-gaap:AdditionalPaidInCapitalMember 2019-02-02 0000912463 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-05-04 0000912463 2019-08-03 0000912463 us-gaap:NoncontrollingInterestMember 2019-05-04 0000912463 us-gaap:NoncontrollingInterestMember 2019-02-02 0000912463 us-gaap:RetainedEarningsMember 2019-08-03 0000912463 ges:CommonStockOutstandingMember 2019-11-02 0000912463 us-gaap:TreasuryStockMember 2019-02-02 0000912463 us-gaap:AdditionalPaidInCapitalMember 2019-08-03 0000912463 us-gaap:RetainedEarningsMember 2019-02-03 0000912463 us-gaap:RetainedEarningsMember 2019-11-02 0000912463 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-02-03 0000912463 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-02-02 0000912463 us-gaap:AdditionalPaidInCapitalMember 2018-08-05 2018-11-03 0000912463 us-gaap:RetainedEarningsMember 2018-11-03 0000912463 2018-02-04 2018-05-05 0000912463 us-gaap:RetainedEarningsMember 2018-08-05 2018-11-03 0000912463 us-gaap:TreasuryStockMember 2018-11-03 0000912463 ges:CommonStockOutstandingMember 2018-08-05 2018-11-03 0000912463 us-gaap:TreasuryStockMember 2018-02-04 2018-05-05 0000912463 us-gaap:AdditionalPaidInCapitalMember 2018-08-04 0000912463 us-gaap:RetainedEarningsMember 2018-05-06 2018-08-04 0000912463 2018-05-06 2018-08-04 0000912463 us-gaap:AdditionalPaidInCapitalMember 2018-05-06 2018-08-04 0000912463 us-gaap:TreasuryStockMember 2018-05-06 2018-08-04 0000912463 2018-08-04 0000912463 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-02-03 0000912463 ges:CommonStockOutstandingMember 2018-02-03 0000912463 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-05-06 2018-08-04 0000912463 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-08-05 2018-11-03 0000912463 ges:CommonStockOutstandingMember 2018-05-06 2018-08-04 0000912463 us-gaap:AdditionalPaidInCapitalMember 2018-02-04 2018-05-05 0000912463 ges:CommonStockOutstandingMember 2018-08-04 0000912463 us-gaap:TreasuryStockMember 2018-05-05 0000912463 us-gaap:NoncontrollingInterestMember 2018-02-04 2018-05-05 0000912463 us-gaap:NoncontrollingInterestMember 2018-11-03 0000912463 us-gaap:TreasuryStockMember 2018-08-05 2018-11-03 0000912463 us-gaap:NoncontrollingInterestMember 2018-05-06 2018-08-04 0000912463 us-gaap:AdditionalPaidInCapitalMember 2018-02-03 0000912463 us-gaap:RetainedEarningsMember 2018-02-04 2018-05-05 0000912463 us-gaap:AdditionalPaidInCapitalMember 2018-05-05 0000912463 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-02-04 2018-05-05 0000912463 ges:CommonStockOutstandingMember 2018-11-03 0000912463 us-gaap:NoncontrollingInterestMember 2018-02-03 0000912463 2018-02-04 0000912463 us-gaap:NoncontrollingInterestMember 2018-08-05 2018-11-03 0000912463 us-gaap:AdditionalPaidInCapitalMember 2018-11-03 0000912463 ges:CommonStockOutstandingMember 2018-02-04 2018-05-05 0000912463 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-11-03 0000912463 us-gaap:RetainedEarningsMember 2018-02-04 0000912463 us-gaap:TreasuryStockMember 2018-02-03 0000912463 us-gaap:RetainedEarningsMember 2018-02-03 0000912463 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-08-04 0000912463 us-gaap:RetainedEarningsMember 2018-05-05 0000912463 ges:CommonStockOutstandingMember 2018-05-05 0000912463 us-gaap:TreasuryStockMember 2018-08-04 0000912463 us-gaap:NoncontrollingInterestMember 2018-05-05 0000912463 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-05-05 0000912463 us-gaap:NoncontrollingInterestMember 2018-08-04 0000912463 2018-05-05 0000912463 us-gaap:RetainedEarningsMember 2018-08-04 0000912463 us-gaap:AccountingStandardsUpdate201602Member 2019-02-03 0000912463 us-gaap:DisposalGroupDisposedOfBySaleNotDiscontinuedOperationsMember ges:AustraliaRetailLocationsMember 2019-08-03 0000912463 ges:EuropeanCommissionFineMember us-gaap:PendingLitigationMember 2018-08-05 2018-11-03 0000912463 ges:PrivatelyHeldApparelCompanyMember 2019-02-02 0000912463 us-gaap:AccountsReceivableMember us-gaap:DisposalGroupDisposedOfBySaleNotDiscontinuedOperationsMember ges:AustraliaRetailLocationsMember 2019-11-02 0000912463 us-gaap:RoyaltyMember srt:MaximumMember 2019-02-03 2019-11-02 0000912463 ges:PrivatelyHeldApparelCompanyMember 2018-02-04 2019-02-02 0000912463 ges:PrivatelyHeldApparelCompanyMember us-gaap:OtherNonoperatingIncomeExpenseMember 2019-02-03 2019-11-02 0000912463 us-gaap:CostOfSalesMember us-gaap:ScenarioForecastMember 2019-02-03 2020-02-01 0000912463 us-gaap:OtherAssetsMember us-gaap:DisposalGroupDisposedOfBySaleNotDiscontinuedOperationsMember ges:AustraliaRetailLocationsMember 2019-11-02 0000912463 us-gaap:RoyaltyMember us-gaap:OtherNoncurrentLiabilitiesMember 2019-11-02 0000912463 us-gaap:RoyaltyMember us-gaap:AccountsPayableAndAccruedLiabilitiesMember 2019-11-02 0000912463 us-gaap:AccountingStandardsUpdate201602Member us-gaap:RetainedEarningsMember 2019-02-03 0000912463 ges:EuropeanCommissionFineMember us-gaap:SettledLitigationMember 2018-12-01 2018-12-31 0000912463 us-gaap:DisposalGroupDisposedOfBySaleNotDiscontinuedOperationsMember ges:AustraliaRetailLocationsMember 2019-05-05 2019-08-03 0000912463 us-gaap:RoyaltyMember us-gaap:OtherNoncurrentLiabilitiesMember 2019-02-02 0000912463 us-gaap:AccountingStandardsUpdate201712Member us-gaap:RetainedEarningsMember 2019-02-03 0000912463 ges:PrivatelyHeldApparelCompanyMember us-gaap:OtherNonoperatingIncomeExpenseMember 2019-08-04 2019-11-02 0000912463 us-gaap:RoyaltyMember us-gaap:AccountsPayableAndAccruedLiabilitiesMember 2019-02-02 0000912463 ges:EuropeanCommissionFineMember us-gaap:SettledLitigationMember 2019-02-03 2019-05-04 0000912463 us-gaap:RoyaltyMember srt:MinimumMember 2019-02-03 2019-11-02 0000912463 us-gaap:AccountingStandardsUpdate201712Member us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-02-03 0000912463 us-gaap:ScenarioForecastMember 2019-02-03 2020-02-01 0000912463 2018-02-04 2019-02-02 0000912463 2017-01-29 2018-02-03 0000912463 srt:WeightedAverageMember ges:RetailConcessionMember 2019-02-03 2019-11-02 0000912463 srt:MinimumMember ges:RetailStoreMember 2019-02-03 2019-11-02 0000912463 srt:MaximumMember ges:RetailStoreMember 2019-02-03 2019-11-02 0000912463 us-gaap:CostOfSalesMember 2019-08-04 2019-11-02 0000912463 us-gaap:CostOfSalesMember 2019-02-03 2019-11-02 0000912463 us-gaap:SellingGeneralAndAdministrativeExpensesMember 2019-08-04 2019-11-02 0000912463 us-gaap:SellingGeneralAndAdministrativeExpensesMember 2019-02-03 2019-11-02 0000912463 us-gaap:InterestExpenseMember 2019-02-03 2019-11-02 0000912463 us-gaap:InterestExpenseMember 2019-08-04 2019-11-02 0000912463 ges:PotentiallyDilutiveSharesMember 2018-02-04 2018-11-03 0000912463 us-gaap:PerformanceSharesMember 2019-08-04 2019-11-02 0000912463 us-gaap:PerformanceSharesMember 2018-08-05 2018-11-03 0000912463 ges:PotentiallyDilutiveSharesMember 2018-08-05 2018-11-03 0000912463 us-gaap:PerformanceSharesMember 2018-02-04 2018-11-03 0000912463 us-gaap:PerformanceSharesMember 2019-02-03 2019-11-02 0000912463 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2019-02-03 2019-11-02 0000912463 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetPriorServiceCostCreditMember 2019-02-03 2019-11-02 0000912463 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetUnamortizedGainLossMember 2018-02-04 2018-11-03 0000912463 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2018-08-05 2018-11-03 0000912463 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2018-02-04 2018-11-03 0000912463 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember 2018-08-05 2018-11-03 0000912463 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2018-08-05 2018-11-03 0000912463 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2018-02-04 2018-11-03 0000912463 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2019-08-04 2019-11-02 0000912463 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember 2019-02-03 2019-11-02 0000912463 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember 2019-08-04 2019-11-02 0000912463 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2019-08-04 2019-11-02 0000912463 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetUnamortizedGainLossMember 2018-08-05 2018-11-03 0000912463 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetPriorServiceCostCreditMember 2019-08-04 2019-11-02 0000912463 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2019-02-03 2019-11-02 0000912463 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetUnamortizedGainLossMember 2019-02-03 2019-11-02 0000912463 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetPriorServiceCostCreditMember 2018-02-04 2018-11-03 0000912463 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetUnamortizedGainLossMember 2019-08-04 2019-11-02 0000912463 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember 2018-02-04 2018-11-03 0000912463 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetPriorServiceCostCreditMember 2018-08-05 2018-11-03 0000912463 ges:ShareRepurchaseProgramMember 2019-02-03 2019-11-02 0000912463 ges:FourthQuarterFiscalYearEnded2018Member ges:ShareRepurchaseProgramMember 2018-02-04 2018-05-05 0000912463 ges:ShareRepurchaseProgramMember 2019-08-04 2019-11-02 0000912463 ges:AcceleratedShareRepurchaseContractMember 2019-04-26 2019-04-26 0000912463 ges:ShareRepurchaseProgramMember 2019-02-03 2019-05-04 0000912463 ges:AcceleratedShareRepurchaseContractMember 2019-04-26 2019-09-04 0000912463 ges:ShareRepurchaseProgramMember 2018-02-04 2018-11-03 0000912463 ges:ShareRepurchaseProgramMember 2019-05-05 2019-08-03 0000912463 ges:AcceleratedShareRepurchaseContractMember 2019-09-04 2019-09-04 0000912463 ges:AcceleratedShareRepurchaseContractMember 2019-04-26 0000912463 ges:ShareRepurchaseProgramMember 2019-11-02 0000912463 ges:ShareRepurchaseProgramMember 2012-06-26 0000912463 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2019-02-03 2019-11-02 0000912463 us-gaap:AccumulatedTranslationAdjustmentMember 2019-02-03 0000912463 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2019-02-03 0000912463 us-gaap:AccumulatedTranslationAdjustmentMember 2019-11-02 0000912463 us-gaap:AccumulatedTranslationAdjustmentMember 2019-02-02 0000912463 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2019-11-02 0000912463 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2019-02-03 2019-11-02 0000912463 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2019-02-03 0000912463 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2019-02-02 0000912463 us-gaap:AccumulatedTranslationAdjustmentMember 2019-02-03 2019-11-02 0000912463 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2019-11-02 0000912463 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2019-02-02 0000912463 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2018-11-03 0000912463 us-gaap:AccumulatedTranslationAdjustmentMember 2018-02-03 0000912463 us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2018-02-04 2018-11-03 0000912463 us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2018-11-03 0000912463 us-gaap:AccumulatedTranslationAdjustmentMember 2018-02-04 2018-11-03 0000912463 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2018-02-04 2018-11-03 0000912463 us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2018-02-03 0000912463 us-gaap:AccumulatedTranslationAdjustmentMember 2018-11-03 0000912463 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2018-02-03 0000912463 us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2018-08-05 2018-11-03 0000912463 us-gaap:AccumulatedTranslationAdjustmentMember 2018-08-05 2018-11-03 0000912463 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2018-08-05 2018-11-03 0000912463 us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2018-08-04 0000912463 us-gaap:AccumulatedTranslationAdjustmentMember 2018-08-04 0000912463 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2018-08-04 0000912463 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2019-08-04 2019-11-02 0000912463 us-gaap:AccumulatedTranslationAdjustmentMember 2019-08-04 2019-11-02 0000912463 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2019-08-03 0000912463 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2019-08-04 2019-11-02 0000912463 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2019-08-03 0000912463 us-gaap:AccumulatedTranslationAdjustmentMember 2019-08-03 0000912463 ges:ShareRepurchaseProgramMember 2018-02-04 2018-05-05 0000912463 us-gaap:TradeAccountsReceivableMember 2019-11-02 0000912463 ges:OtherReceivablesMember 2019-02-02 0000912463 ges:OtherReceivablesMember 2019-11-02 0000912463 ges:RoyaltyReceivableMember 2019-11-02 0000912463 us-gaap:TradeAccountsReceivableMember 2019-02-02 0000912463 ges:RoyaltyReceivableMember 2019-02-02 0000912463 2018-11-04 2019-02-02 0000912463 us-gaap:OtherNoncurrentLiabilitiesMember 2019-02-02 0000912463 us-gaap:OtherNoncurrentLiabilitiesMember 2019-11-02 0000912463 us-gaap:OperatingSegmentsMember ges:AsiaSegment1Member 2018-02-04 2018-11-03 0000912463 us-gaap:OperatingSegmentsMember 2018-08-05 2018-11-03 0000912463 ges:EuropeSegmentMember 2018-02-04 2018-11-03 0000912463 us-gaap:OperatingSegmentsMember 2018-02-04 2018-11-03 0000912463 us-gaap:OperatingSegmentsMember ges:AmericasRetailMember 2019-02-03 2019-11-02 0000912463 us-gaap:OperatingSegmentsMember ges:LicensingMember 2018-02-04 2018-11-03 0000912463 us-gaap:MaterialReconcilingItemsMember 2019-02-03 2019-11-02 0000912463 us-gaap:OperatingSegmentsMember ges:AmericasWholesaleMember 2018-08-05 2018-11-03 0000912463 ges:AsiaSegment1Member 2018-02-04 2018-11-03 0000912463 ges:EuropeSegmentMember 2019-02-03 2019-11-02 0000912463 us-gaap:MaterialReconcilingItemsMember 2018-02-04 2018-11-03 0000912463 us-gaap:OperatingSegmentsMember ges:AmericasRetailMember 2018-08-05 2018-11-03 0000912463 ges:AmericasRetailMember 2018-08-05 2018-11-03 0000912463 us-gaap:OperatingSegmentsMember ges:LicensingMember 2018-08-05 2018-11-03 0000912463 ges:AsiaSegment1Member 2019-02-03 2019-11-02 0000912463 us-gaap:CorporateNonSegmentMember 2019-08-04 2019-11-02 0000912463 us-gaap:OperatingSegmentsMember 2019-08-04 2019-11-02 0000912463 us-gaap:CorporateNonSegmentMember 2018-08-05 2018-11-03 0000912463 us-gaap:OperatingSegmentsMember ges:AsiaSegment1Member 2019-08-04 2019-11-02 0000912463 ges:LicensingMember 2018-08-05 2018-11-03 0000912463 us-gaap:CorporateNonSegmentMember 2018-02-04 2018-11-03 0000912463 us-gaap:OperatingSegmentsMember ges:AsiaSegment1Member 2018-08-05 2018-11-03 0000912463 us-gaap:MaterialReconcilingItemsMember 2018-08-05 2018-11-03 0000912463 ges:AmericasWholesaleMember 2019-08-04 2019-11-02 0000912463 ges:AsiaSegment1Member 2019-08-04 2019-11-02 0000912463 ges:AmericasWholesaleMember 2018-02-04 2018-11-03 0000912463 ges:LicensingMember 2019-08-04 2019-11-02 0000912463 ges:AmericasRetailMember 2018-02-04 2018-11-03 0000912463 us-gaap:OperatingSegmentsMember ges:AmericasWholesaleMember 2019-02-03 2019-11-02 0000912463 us-gaap:OperatingSegmentsMember ges:LicensingMember 2019-08-04 2019-11-02 0000912463 ges:AmericasRetailMember 2019-08-04 2019-11-02 0000912463 us-gaap:MaterialReconcilingItemsMember 2019-08-04 2019-11-02 0000912463 ges:AsiaSegment1Member 2018-08-05 2018-11-03 0000912463 ges:EuropeSegmentMember 2019-08-04 2019-11-02 0000912463 ges:AmericasWholesaleMember 2019-02-03 2019-11-02 0000912463 us-gaap:CorporateNonSegmentMember 2019-02-03 2019-11-02 0000912463 us-gaap:OperatingSegmentsMember ges:AsiaSegment1Member 2019-02-03 2019-11-02 0000912463 us-gaap:OperatingSegmentsMember ges:AmericasRetailMember 2019-08-04 2019-11-02 0000912463 us-gaap:OperatingSegmentsMember ges:AmericasWholesaleMember 2018-02-04 2018-11-03 0000912463 us-gaap:OperatingSegmentsMember ges:AmericasRetailMember 2018-02-04 2018-11-03 0000912463 us-gaap:OperatingSegmentsMember ges:EuropeSegmentMember 2019-08-04 2019-11-02 0000912463 ges:AmericasRetailMember 2019-02-03 2019-11-02 0000912463 us-gaap:OperatingSegmentsMember ges:AmericasWholesaleMember 2019-08-04 2019-11-02 0000912463 us-gaap:OperatingSegmentsMember ges:EuropeSegmentMember 2018-02-04 2018-11-03 0000912463 us-gaap:OperatingSegmentsMember 2019-02-03 2019-11-02 0000912463 ges:AmericasWholesaleMember 2018-08-05 2018-11-03 0000912463 us-gaap:OperatingSegmentsMember ges:LicensingMember 2019-02-03 2019-11-02 0000912463 ges:LicensingMember 2019-02-03 2019-11-02 0000912463 ges:LicensingMember 2018-02-04 2018-11-03 0000912463 us-gaap:OperatingSegmentsMember ges:EuropeSegmentMember 2019-02-03 2019-11-02 0000912463 ges:EuropeSegmentMember 2018-08-05 2018-11-03 0000912463 us-gaap:OperatingSegmentsMember ges:EuropeSegmentMember 2018-08-05 2018-11-03 0000912463 us-gaap:ProductMember country:KR 2018-08-05 2018-11-03 0000912463 us-gaap:ProductMember country:IT 2018-02-04 2018-11-03 0000912463 us-gaap:ProductMember country:ES 2019-08-04 2019-11-02 0000912463 us-gaap:ProductMember country:CA 2019-08-04 2019-11-02 0000912463 us-gaap:ProductMember country:IT 2019-02-03 2019-11-02 0000912463 us-gaap:ProductMember country:KR 2019-08-04 2019-11-02 0000912463 us-gaap:ProductMember country:CA 2018-02-04 2018-11-03 0000912463 us-gaap:ProductMember country:CA 2019-02-03 2019-11-02 0000912463 us-gaap:ProductMember country:ES 2018-08-05 2018-11-03 0000912463 us-gaap:ProductMember ges:OtherForeignCountriesMember 2019-08-04 2019-11-02 0000912463 us-gaap:ProductMember country:IT 2018-08-05 2018-11-03 0000912463 us-gaap:ProductMember country:ES 2019-02-03 2019-11-02 0000912463 us-gaap:ProductMember ges:OtherForeignCountriesMember 2018-02-04 2018-11-03 0000912463 us-gaap:ProductMember country:US 2018-08-05 2018-11-03 0000912463 us-gaap:ProductMember country:US 2019-08-04 2019-11-02 0000912463 us-gaap:ProductMember country:ES 2018-02-04 2018-11-03 0000912463 us-gaap:ProductMember country:CA 2018-08-05 2018-11-03 0000912463 us-gaap:ProductMember country:IT 2019-08-04 2019-11-02 0000912463 us-gaap:ProductMember country:KR 2019-02-03 2019-11-02 0000912463 us-gaap:ProductMember ges:OtherForeignCountriesMember 2018-08-05 2018-11-03 0000912463 us-gaap:ProductMember country:US 2018-02-04 2018-11-03 0000912463 us-gaap:ProductMember ges:OtherForeignCountriesMember 2019-02-03 2019-11-02 0000912463 us-gaap:ProductMember country:KR 2018-02-04 2018-11-03 0000912463 us-gaap:ProductMember country:US 2019-02-03 2019-11-02 0000912463 country:US us-gaap:InterestRateSwapMember us-gaap:ConventionalLoanMember us-gaap:BuildingMember 2019-02-02 0000912463 srt:MinimumMember country:CA us-gaap:ForeignLineOfCreditMember us-gaap:LineOfCreditMember ges:CanadianBARateMember 2019-02-03 2019-11-02 0000912463 srt:MaximumMember us-gaap:DomesticLineOfCreditMember us-gaap:LineOfCreditMember us-gaap:BaseRateMember 2019-02-03 2019-11-02 0000912463 srt:MaximumMember country:CA us-gaap:ForeignLineOfCreditMember us-gaap:LineOfCreditMember ges:CanadianBARateMember 2019-02-03 2019-11-02 0000912463 country:CA us-gaap:ForeignLineOfCreditMember us-gaap:LineOfCreditMember ges:CanadianBARateMember 2019-02-03 2019-11-02 0000912463 us-gaap:LetterOfCreditMember us-gaap:LineOfCreditMember 2019-11-02 0000912463 us-gaap:LineOfCreditMember 2019-02-03 2019-11-02 0000912463 country:CA us-gaap:ForeignLineOfCreditMember us-gaap:LineOfCreditMember ges:BankofCanadaOvernightRateMember 2019-02-03 2019-11-02 0000912463 country:NL us-gaap:CapitalLeaseObligationsMember us-gaap:EquipmentMember 2018-02-03 0000912463 country:NL us-gaap:CapitalLeaseObligationsMember us-gaap:EquipmentMember 2019-11-02 0000912463 srt:MaximumMember srt:EuropeMember us-gaap:ForeignLineOfCreditMember 2019-11-02 0000912463 country:US us-gaap:ConventionalLoanMember us-gaap:BuildingMember 2019-11-02 0000912463 srt:MinimumMember country:CA us-gaap:ForeignLineOfCreditMember us-gaap:LineOfCreditMember us-gaap:PrimeRateMember 2019-02-03 2019-11-02 0000912463 country:CA us-gaap:ForeignLineOfCreditMember us-gaap:LineOfCreditMember 2015-06-23 0000912463 us-gaap:RevolvingCreditFacilityMember us-gaap:LineOfCreditMember 2019-11-02 0000912463 us-gaap:StandbyLettersOfCreditMember us-gaap:LineOfCreditMember 2019-11-02 0000912463 country:NL us-gaap:CapitalLeaseObligationsMember us-gaap:EquipmentMember 2019-02-02 0000912463 srt:EuropeMember us-gaap:ForeignLineOfCreditMember 2019-11-02 0000912463 country:US us-gaap:InterestRateSwapMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:ConventionalLoanMember us-gaap:BuildingMember 2016-02-16 0000912463 us-gaap:CapitalLeaseObligationsMember us-gaap:ComputerEquipmentMember 2019-02-02 0000912463 country:US us-gaap:ConventionalLoanMember us-gaap:BuildingMember us-gaap:LondonInterbankOfferedRateLIBORMember 2019-02-03 2019-11-02 0000912463 ges:RevolvingCreditFacilityAccordionFeatureMember us-gaap:LineOfCreditMember 2015-06-23 0000912463 country:US us-gaap:InterestRateSwapMember us-gaap:ConventionalLoanMember us-gaap:BuildingMember 2019-11-02 0000912463 country:CN ges:MulticurrencyBorrowingAgreementMember 2019-11-02 0000912463 srt:MaximumMember country:CA us-gaap:ForeignLineOfCreditMember us-gaap:LineOfCreditMember us-gaap:PrimeRateMember 2019-02-03 2019-11-02 0000912463 us-gaap:DomesticLineOfCreditMember us-gaap:LineOfCreditMember us-gaap:LondonInterbankOfferedRateLIBORMember 2019-02-03 2019-11-02 0000912463 srt:MinimumMember srt:EuropeMember us-gaap:ForeignLineOfCreditMember 2019-11-02 0000912463 us-gaap:DomesticLineOfCreditMember us-gaap:LineOfCreditMember ges:FederalFundsRateMember 2019-02-03 2019-11-02 0000912463 srt:MinimumMember us-gaap:DomesticLineOfCreditMember us-gaap:LineOfCreditMember us-gaap:LondonInterbankOfferedRateLIBORMember 2019-02-03 2019-11-02 0000912463 country:US us-gaap:ConventionalLoanMember us-gaap:BuildingMember 2016-02-16 2016-02-16 0000912463 us-gaap:CapitalLeaseObligationsMember us-gaap:ComputerEquipmentMember 2019-11-02 0000912463 country:US us-gaap:ConventionalLoanMember us-gaap:BuildingMember 2019-02-02 0000912463 us-gaap:RevolvingCreditFacilityMember us-gaap:LineOfCreditMember 2015-06-23 0000912463 us-gaap:CapitalLeaseObligationsMember us-gaap:ComputerEquipmentMember 2019-02-03 2019-11-02 0000912463 srt:MinimumMember us-gaap:DomesticLineOfCreditMember us-gaap:LineOfCreditMember us-gaap:BaseRateMember 2019-02-03 2019-11-02 0000912463 srt:MaximumMember us-gaap:DomesticLineOfCreditMember us-gaap:LineOfCreditMember us-gaap:LondonInterbankOfferedRateLIBORMember 2019-02-03 2019-11-02 0000912463 country:US us-gaap:ConventionalLoanMember us-gaap:BuildingMember 2016-02-16 0000912463 country:NL us-gaap:CapitalLeaseObligationsMember us-gaap:EquipmentMember 2017-01-29 2018-02-03 0000912463 us-gaap:LineOfCreditMember 2019-11-02 0000912463 us-gaap:RevolvingCreditFacilityMember us-gaap:LineOfCreditMember 2015-06-23 2015-06-23 0000912463 2019-04-01 2019-04-30 0000912463 2019-04-30 0000912463 ges:A2.00ConvertibleSeniorNotesDue2024Member us-gaap:SeniorNotesMember 2019-11-02 0000912463 2019-05-01 2019-05-01 0000912463 ges:A2.00ConvertibleSeniorNotesDue2024Member us-gaap:SeniorNotesMember 2019-08-04 2019-11-02 0000912463 ges:A2.00ConvertibleSeniorNotesDue2024Member us-gaap:SeniorNotesMember 2019-04-30 0000912463 ges:A2.00ConvertibleSeniorNotesDue2024Member us-gaap:SeniorNotesMember 2019-02-03 2019-11-02 0000912463 ges:A2.00ConvertibleSeniorNotesDue2024Member us-gaap:SeniorNotesMember 2019-04-01 2019-04-30 0000912463 ges:ThirdPartyOfferersMember ges:A2.00ConvertibleSeniorNotesDue2024Member us-gaap:SeniorNotesMember 2019-04-30 0000912463 ges:InitialPurchasersMember ges:A2.00ConvertibleSeniorNotesDue2024Member us-gaap:SeniorNotesMember 2019-04-30 0000912463 ges:AccruedExpensesAndOtherCurrentLiabilitiesMember ges:A2.00ConvertibleSeniorNotesDue2024Member us-gaap:SeniorNotesMember 2019-11-02 0000912463 us-gaap:PerformanceSharesMember 2019-02-02 0000912463 us-gaap:PerformanceSharesMember 2019-02-03 2019-11-02 0000912463 us-gaap:PerformanceSharesMember 2019-11-02 0000912463 ges:MarketBasedSharesMember 2019-02-03 2019-11-02 0000912463 ges:MarketBasedSharesMember 2019-02-02 0000912463 ges:MarketBasedSharesMember 2019-11-02 0000912463 ges:NonvestedStockAwardsOrUnitsMember 2019-02-03 2019-11-02 0000912463 ges:NonvestedStockAwardsOrUnitsMember 2018-02-04 2018-11-03 0000912463 ges:EmployeeAndNonEmployeeStockOptionMember 2019-02-03 2019-11-02 0000912463 ges:EmployeeStockPurchasePlanMember 2019-08-04 2019-11-02 0000912463 ges:NonvestedStockAwardsOrUnitsMember 2018-08-05 2018-11-03 0000912463 ges:EmployeeAndNonEmployeeStockOptionMember 2018-02-04 2018-11-03 0000912463 ges:EmployeeStockPurchasePlanMember 2019-02-03 2019-11-02 0000912463 ges:EmployeeAndNonEmployeeStockOptionMember 2018-08-05 2018-11-03 0000912463 ges:EmployeeStockPurchasePlanMember 2018-08-05 2018-11-03 0000912463 ges:EmployeeAndNonEmployeeStockOptionMember 2019-08-04 2019-11-02 0000912463 ges:NonvestedStockAwardsOrUnitsMember 2019-08-04 2019-11-02 0000912463 ges:EmployeeStockPurchasePlanMember 2018-02-04 2018-11-03 0000912463 2019-03-29 2019-03-29 0000912463 us-gaap:PerformanceSharesMember 2019-06-20 2019-06-20 0000912463 ges:NonvestedStockAwardsOrUnitsMember 2018-03-30 2018-03-30 0000912463 us-gaap:RestrictedStockUnitsRSUMember us-gaap:ChiefExecutiveOfficerMember 2019-02-20 2019-02-20 0000912463 ges:NonvestedStockAwardsOrUnitsMember 2019-03-29 2019-03-29 0000912463 srt:MaximumMember ges:TargetPerformanceAwardsMember 2019-02-03 2019-11-02 0000912463 2018-03-30 2018-03-30 0000912463 ges:PerformanceandMarketUnitsMember 2018-06-25 2018-06-25 0000912463 us-gaap:PerformanceSharesMember us-gaap:ChiefExecutiveOfficerMember 2019-02-20 2019-02-20 0000912463 srt:MinimumMember ges:TargetPerformanceAwardsMember 2019-02-03 2019-11-02 0000912463 srt:MaximumMember ges:MarketBasedSharesMember 2019-02-03 2019-11-02 0000912463 ges:NonvestedStockAwardsOrUnitsMember 2019-11-02 0000912463 srt:MinimumMember ges:MarketBasedSharesMember 2019-02-03 2019-11-02 0000912463 2019-06-10 2019-06-10 0000912463 us-gaap:ChiefExecutiveOfficerMember 2019-02-20 2019-02-20 0000912463 srt:MinimumMember ges:NonvestedPerformanceSharesMember ges:VestingTranchesAfterInitialVestingPeriodMember 2019-02-03 2019-11-02 0000912463 srt:MaximumMember ges:NonvestedPerformanceSharesMember ges:VestingTranchesAfterInitialVestingPeriodMember 2019-02-03 2019-11-02 0000912463 ges:TargetPerformanceAwardsMember 2019-02-03 2019-11-02 0000912463 ges:MarcianoTrustsMember 2019-02-03 2019-11-02 0000912463 ges:RelatedPartyLeasesMember ges:MarcianoTrustsMember 2018-02-04 2018-11-03 0000912463 ges:AircraftCharterPaymentMember ges:AircraftEntitiesMember 2019-02-03 2019-11-02 0000912463 ges:RelatedPartyLeasesMember ges:MarcianoTrustsMember 2019-02-03 2019-11-02 0000912463 ges:AircraftCharterPaymentMember ges:AircraftEntitiesMember 2018-02-04 2018-11-03 0000912463 ges:GuessCISMember 2019-02-02 0000912463 country:IT us-gaap:PendingLitigationMember ges:CustomsTaxAuditandAppealsMember ges:EuropeSegmentMember 2019-02-03 2019-11-02 0000912463 ges:GuessBrazilMember 2019-11-02 0000912463 country:IT us-gaap:PendingLitigationMember ges:CustomsTaxAuditandAppealsMember ges:EuropeSegmentMember 2019-11-02 0000912463 country:IT us-gaap:SettledLitigationMember ges:CustomsTaxAuditandAppealsMember ges:EuropeSegmentMember 2019-02-03 2019-11-02 0000912463 us-gaap:PrivateEquityFundsMember 2019-11-02 0000912463 ges:GuessCISMember 2017-01-29 2018-02-03 0000912463 ges:GuessCISMember 2019-11-02 0000912463 ges:GuessCISMember 2019-11-02 0000912463 ges:GuessBrazilMember 2019-11-02 0000912463 ges:GuessBrazilMember 2019-02-02 0000912463 us-gaap:SupplementalEmployeeRetirementPlanDefinedBenefitMember 2019-02-03 2019-11-02 0000912463 us-gaap:ForeignPlanMember us-gaap:PensionPlansDefinedBenefitMember 2019-02-03 2019-11-02 0000912463 us-gaap:PensionPlansDefinedBenefitMember 2019-02-03 2019-11-02 0000912463 us-gaap:PensionPlansDefinedBenefitMember 2018-08-05 2018-11-03 0000912463 us-gaap:SupplementalEmployeeRetirementPlanDefinedBenefitMember 2018-08-05 2018-11-03 0000912463 us-gaap:ForeignPlanMember us-gaap:PensionPlansDefinedBenefitMember 2018-08-05 2018-11-03 0000912463 us-gaap:ForeignPlanMember us-gaap:PensionPlansDefinedBenefitMember 2019-08-04 2019-11-02 0000912463 us-gaap:SupplementalEmployeeRetirementPlanDefinedBenefitMember 2019-08-04 2019-11-02 0000912463 us-gaap:PensionPlansDefinedBenefitMember 2019-08-04 2019-11-02 0000912463 us-gaap:OtherNonoperatingIncomeExpenseMember us-gaap:SupplementalEmployeeRetirementPlanDefinedBenefitMember 2019-02-03 2019-11-02 0000912463 us-gaap:OtherNoncurrentAssetsMember us-gaap:SupplementalEmployeeRetirementPlanDefinedBenefitMember 2019-02-02 0000912463 us-gaap:OtherNoncurrentLiabilitiesMember us-gaap:ForeignPlanMember us-gaap:PensionPlansDefinedBenefitMember 2019-11-02 0000912463 us-gaap:OtherNoncurrentAssetsMember us-gaap:SupplementalEmployeeRetirementPlanDefinedBenefitMember 2019-11-02 0000912463 us-gaap:OtherNoncurrentLiabilitiesMember us-gaap:ForeignPlanMember us-gaap:PensionPlansDefinedBenefitMember 2019-02-02 0000912463 ges:AccruedExpensesandOtherLongTermLiabilitiesMember us-gaap:SupplementalEmployeeRetirementPlanDefinedBenefitMember 2019-11-02 0000912463 us-gaap:ForeignPlanMember us-gaap:PensionPlansDefinedBenefitMember 2019-02-02 0000912463 us-gaap:OtherNonoperatingIncomeExpenseMember us-gaap:SupplementalEmployeeRetirementPlanDefinedBenefitMember 2019-08-04 2019-11-02 0000912463 us-gaap:SupplementalEmployeeRetirementPlanDefinedBenefitMember 2018-02-04 2018-11-03 0000912463 us-gaap:ForeignPlanMember us-gaap:PensionPlansDefinedBenefitMember 2019-11-02 0000912463 ges:AccruedExpensesandOtherLongTermLiabilitiesMember us-gaap:SupplementalEmployeeRetirementPlanDefinedBenefitMember 2019-02-02 0000912463 us-gaap:OtherNonoperatingIncomeExpenseMember us-gaap:SupplementalEmployeeRetirementPlanDefinedBenefitMember 2018-08-05 2018-11-03 0000912463 us-gaap:OtherNonoperatingIncomeExpenseMember us-gaap:SupplementalEmployeeRetirementPlanDefinedBenefitMember 2018-02-04 2018-11-03 0000912463 us-gaap:ForeignPlanMember us-gaap:PensionPlansDefinedBenefitMember 2018-02-04 2018-11-03 0000912463 us-gaap:PensionPlansDefinedBenefitMember 2018-02-04 2018-11-03 0000912463 us-gaap:PrivateEquityFundsMember us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember 2019-11-02 0000912463 ges:NorthAmericaEuropeandAsiaMember srt:RetailSiteMember 2019-02-03 2019-11-02 0000912463 us-gaap:PrivateEquityFundsMember us-gaap:OtherNoncurrentAssetsMember us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember 2019-02-02 0000912463 us-gaap:PrivateEquityFundsMember us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember us-gaap:OtherNonoperatingIncomeExpenseMember 2018-02-04 2018-11-03 0000912463 ges:NorthAmericaEuropeandAsiaMember srt:RetailSiteMember 2018-02-04 2018-11-03 0000912463 ges:NorthAmericaEuropeandAsiaMember srt:RetailSiteMember 2019-08-04 2019-11-02 0000912463 us-gaap:PrivateEquityFundsMember us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember us-gaap:OtherNonoperatingIncomeExpenseMember 2019-02-03 2019-11-02 0000912463 us-gaap:PrivateEquityFundsMember us-gaap:OtherNoncurrentAssetsMember us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember 2019-11-02 0000912463 ges:NorthAmericaEuropeandAsiaMember srt:RetailSiteMember 2018-08-05 2018-11-03 0000912463 us-gaap:PrivateEquityFundsMember us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember 2018-02-04 2019-02-02 0000912463 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:InterestRateSwapMember 2019-11-02 0000912463 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:InterestRateSwapMember 2019-02-02 0000912463 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2019-11-02 0000912463 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:InterestRateSwapMember 2019-02-02 0000912463 us-gaap:FairValueMeasurementsRecurringMember us-gaap:InterestRateSwapMember 2019-11-02 0000912463 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:ForeignExchangeForwardMember 2019-02-02 0000912463 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2019-11-02 0000912463 us-gaap:FairValueMeasurementsRecurringMember us-gaap:ForeignExchangeForwardMember 2019-11-02 0000912463 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:ForeignExchangeForwardMember 2019-02-02 0000912463 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:ForeignExchangeForwardMember 2019-02-02 0000912463 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2019-11-02 0000912463 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:InterestRateSwapMember 2019-11-02 0000912463 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2019-02-02 0000912463 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:ForeignExchangeForwardMember 2019-11-02 0000912463 us-gaap:FairValueMeasurementsRecurringMember us-gaap:InterestRateSwapMember 2019-02-02 0000912463 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:InterestRateSwapMember 2019-11-02 0000912463 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2019-02-02 0000912463 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2019-02-02 0000912463 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:ForeignExchangeForwardMember 2019-11-02 0000912463 us-gaap:FairValueMeasurementsRecurringMember 2019-11-02 0000912463 us-gaap:FairValueMeasurementsRecurringMember 2019-02-02 0000912463 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:InterestRateSwapMember 2019-02-02 0000912463 us-gaap:FairValueMeasurementsRecurringMember us-gaap:ForeignExchangeForwardMember 2019-02-02 0000912463 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:ForeignExchangeForwardMember 2019-11-02 0000912463 ges:ForeignCurrencyContractsMember us-gaap:CostOfSalesMember 2019-08-04 2019-11-02 0000912463 us-gaap:InterestRateSwapMember us-gaap:InterestExpenseMember 2019-08-04 2019-11-02 0000912463 ges:ForeignCurrencyContractsMember us-gaap:CostOfSalesMember 2018-08-05 2018-11-03 0000912463 us-gaap:InterestRateSwapMember us-gaap:InterestExpenseMember 2018-08-05 2018-11-03 0000912463 us-gaap:OtherNoncurrentLiabilitiesMember us-gaap:InterestRateSwapMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-02-02 0000912463 us-gaap:OtherNoncurrentLiabilitiesMember us-gaap:InterestRateSwapMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-11-02 0000912463 ges:OtherCurrentAssetsandOtherLongTermAssetsMember us-gaap:ForeignExchangeForwardMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-11-02 0000912463 ges:OtherCurrentAssetsandOtherLongTermAssetsMember us-gaap:ForeignExchangeForwardMember us-gaap:NondesignatedMember 2019-11-02 0000912463 ges:AccruedExpensesAndOtherCurrentLiabilitiesMember us-gaap:ForeignExchangeForwardMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-11-02 0000912463 us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-02-02 0000912463 us-gaap:OtherNoncurrentAssetsMember us-gaap:InterestRateSwapMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-02-02 0000912463 us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-11-02 0000912463 ges:OtherCurrentAssetsandOtherLongTermAssetsMember us-gaap:ForeignExchangeForwardMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-02-02 0000912463 us-gaap:OtherNoncurrentLiabilitiesMember us-gaap:ForeignExchangeForwardMember us-gaap:NondesignatedMember 2019-02-02 0000912463 ges:AccruedExpensesAndOtherCurrentLiabilitiesMember us-gaap:ForeignExchangeForwardMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-02-02 0000912463 ges:OtherCurrentAssetsandOtherLongTermAssetsMember us-gaap:ForeignExchangeForwardMember us-gaap:NondesignatedMember 2019-02-02 0000912463 us-gaap:OtherNoncurrentAssetsMember us-gaap:InterestRateSwapMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-11-02 0000912463 us-gaap:OtherNoncurrentLiabilitiesMember us-gaap:ForeignExchangeForwardMember us-gaap:NondesignatedMember 2019-11-02 0000912463 us-gaap:InterestRateSwapMember us-gaap:InterestExpenseMember 2018-02-04 2018-11-03 0000912463 ges:ForeignCurrencyContractsMember us-gaap:CostOfSalesMember 2019-02-03 2019-11-02 0000912463 ges:ForeignCurrencyContractsMember us-gaap:CostOfSalesMember 2018-02-04 2018-11-03 0000912463 ges:ForeignCurrencyContractsMember us-gaap:OtherNonoperatingIncomeExpenseMember 2018-02-04 2018-11-03 0000912463 ges:ForeignCurrencyContractsMember us-gaap:OtherNonoperatingIncomeExpenseMember 2019-02-03 2019-11-02 0000912463 us-gaap:InterestRateSwapMember us-gaap:InterestExpenseMember 2019-02-03 2019-11-02 0000912463 us-gaap:ForeignExchangeForwardMember us-gaap:OtherNonoperatingIncomeExpenseMember 2019-02-03 2019-11-02 0000912463 us-gaap:ForeignExchangeForwardMember us-gaap:OtherNonoperatingIncomeExpenseMember 2019-08-04 2019-11-02 0000912463 us-gaap:ForeignExchangeForwardMember us-gaap:OtherNonoperatingIncomeExpenseMember 2018-02-04 2018-11-03 0000912463 us-gaap:ForeignExchangeForwardMember us-gaap:OtherNonoperatingIncomeExpenseMember 2018-08-05 2018-11-03 0000912463 srt:EuropeMember us-gaap:ForeignExchangeForwardMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-02-02 0000912463 currency:CAD us-gaap:ForeignExchangeForwardMember us-gaap:NondesignatedMember 2019-11-02 0000912463 srt:EuropeMember us-gaap:ForeignExchangeForwardMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-02-03 2019-11-02 0000912463 us-gaap:InterestRateSwapMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2017-01-28 0000912463 ges:ForeignCurrencyContractsMember us-gaap:InterestIncomeMember 2018-08-05 2018-11-03 0000912463 ges:ForeignCurrencyContractsMember us-gaap:InterestIncomeMember 2018-02-04 2018-11-03 0000912463 us-gaap:ForeignExchangeForwardMember us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2019-11-02 0000912463 currency:EUR us-gaap:ForeignExchangeForwardMember us-gaap:NondesignatedMember 2019-11-02 0000912463 currency:CAD us-gaap:ForeignExchangeForwardMember us-gaap:NondesignatedMember 2019-02-02 0000912463 us-gaap:InterestRateSwapMember us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2019-11-02 0000912463 srt:EuropeMember us-gaap:ForeignExchangeForwardMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-11-02 0000912463 us-gaap:InterestRateSwapMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-11-02 0000912463 country:CA us-gaap:ForeignExchangeForwardMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-11-02 0000912463 srt:EuropeMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-02-03 2019-11-02 0000912463 us-gaap:InterestRateSwapMember 2018-02-04 2018-11-03 0000912463 currency:EUR us-gaap:NondesignatedMember 2019-02-03 2019-11-02 0000912463 country:CA us-gaap:ForeignExchangeForwardMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-02-02 0000912463 currency:EUR us-gaap:ForeignExchangeForwardMember us-gaap:NondesignatedMember 2019-02-02 0000912463 us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2018-08-05 0000912463 us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2018-02-04 0000912463 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2019-08-04 0000912463 us-gaap:InterestRateSwapMember 2018-08-05 2018-11-03 0000912463 us-gaap:SubsequentEventMember 2019-11-26 2019-11-26 xbrli:shares iso4217:EUR iso4217:USD iso4217:AUD iso4217:USD xbrli:shares xbrli:pure ges:lease ges:segment ges:subsidiary
Table of Contents

 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-Q 
          QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 For the quarterly period ended November 2, 2019
OR 
      TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from             to           
Commission file number: 1-11893
GUESS?, INC.
(Exact name of registrant as specified in its charter)
Delaware
95-3679695
(State or other jurisdiction of incorporation or organization)
(I.R.S. Employer Identification No.)
 
 
1444 South Alameda Street
Los Angeles,
California
90021
(Address of principal executive offices and zip code)
(213) 765-3100
(Registrant’s telephone number, including area code)
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
 
Trading symbol(s)
 
Name of each exchange on which registered
 
 
 
 
 
 
Common Stock, par value $0.01 per share
 
GES
 
New York Stock Exchange
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.  Yes x  No o
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).  Yes x  No o
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company.  See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large accelerated filer
 
Accelerated filer
 
 
 
 
 
Non-accelerated filer
 
Smaller reporting company
 
 
 
 
 
 
 
 
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
o
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).  Yes   No x
As of November 29, 2019, the registrant had 65,639,090 shares of Common Stock, $.01 par value per share, outstanding.
 


Table of Contents

GUESS?, INC.
FORM 10-Q
TABLE OF CONTENTS
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

i

Table of Contents

PART I. FINANCIAL INFORMATION
ITEM 1. Financial Statements.
GUESS?, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands, except share data) 
 
Nov 2, 2019
 
Feb 2, 2019
 
(unaudited)
 
 
ASSETS
 

 
 

Current assets:
 

 
 

Cash and cash equivalents
$
110,095

 
$
210,460

Accounts receivable, net
300,197

 
321,995

Inventories
519,875

 
468,897

Other current assets
67,425

 
87,343

Total current assets
997,592

 
1,088,695

Property and equipment, net
298,036

 
315,558

Goodwill
36,386

 
37,072

Deferred tax assets
57,666

 
57,224

Restricted cash
522

 
535

Operating lease right-of-use assets
874,945

 

Other assets
125,753

 
150,121

 
$
2,390,900

 
$
1,649,205

LIABILITIES AND STOCKHOLDERS’ EQUITY
 

 
 

Current liabilities:
 

 
 

Current portion of borrowings and finance lease obligations
$
37,484

 
$
4,315

Accounts payable
253,593

 
286,657

Accrued expenses and other current liabilities
176,109

 
252,392

Current portion of operating lease liabilities
189,581

 

Total current liabilities
656,767

 
543,364

Convertible senior notes, net
244,696

 

Long-term debt and finance lease obligations, net
34,712

 
35,012

Deferred rent and lease incentives

 
84,893

Long-term operating lease liabilities
740,484

 

Other long-term liabilities
123,638

 
127,438

 
1,800,297

 
790,707

Redeemable noncontrolling interests
4,843

 
4,853

 
 
 
 
Commitments and contingencies (Note 13)


 


 
 
 
 
Stockholders’ equity:
 

 
 

Preferred stock, $.01 par value. Authorized 10,000,000 shares; no shares issued and outstanding

 

Common stock, $.01 par value. Authorized 150,000,000 shares; issued 142,969,992 and 142,707,300 shares, outstanding 65,646,702 and 81,379,660 shares, as of November 2, 2019 and February 2, 2019, respectively
656

 
814

Paid-in capital
558,158

 
523,331

Retained earnings
1,058,568

 
1,077,747

Accumulated other comprehensive loss
(135,909
)
 
(126,179
)
Treasury stock, 77,323,290 and 61,327,640 shares as of November 2, 2019 and February 2, 2019, respectively
(914,413
)
 
(638,486
)
Guess?, Inc. stockholders’ equity
567,060

 
837,227

Nonredeemable noncontrolling interests
18,700

 
16,418

Total stockholders’ equity
585,760

 
853,645

 
$
2,390,900

 
$
1,649,205

 
See accompanying notes to condensed consolidated financial statements.

1

Table of Contents

GUESS?, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS)
(in thousands, except per share data)
(unaudited)
 
Three Months Ended
 
Nine Months Ended
 
Nov 2, 2019
 
Nov 3, 2018
 
Nov 2, 2019
 
Nov 3, 2018
Product sales
$
593,736

 
$
583,121

 
$
1,776,287

 
$
1,710,788

Net royalties
22,208

 
22,286

 
59,568

 
61,779

Net revenue
615,944

 
605,407

 
1,835,855

 
1,772,567

Cost of product sales
386,445

 
385,264

 
1,158,741

 
1,139,055

Gross profit
229,499

 
220,143

 
677,114

 
633,512

Selling, general and administrative expenses
205,003

 
197,943

 
627,823

 
600,731

European Commission fine

 
42,428

 

 
42,428

Asset impairment charges
1,847

 
1,277

 
5,126

 
5,017

Net gains on lease terminations

 

 

 
(152
)
Earnings (loss) from operations
22,649

 
(21,505
)
 
44,165

 
(14,512
)
Other income (expense):
 

 
 

 
 
 
 
Interest expense
(4,946
)
 
(784
)
 
(11,156
)
 
(2,386
)
Interest income
492

 
783

 
1,166

 
2,892

Other expense, net
(62
)
 
(5,810
)
 
(4,346
)
 
(7,064
)
 
(4,516
)
 
(5,811
)
 
(14,336
)
 
(6,558
)
 
 
 
 
 
 
 
 
Earnings (loss) before income tax expense (benefit)
18,133

 
(27,316
)
 
29,829

 
(21,070
)
Income tax expense (benefit)
4,548

 
(14,500
)
 
10,649

 
(13,001
)
Net earnings (loss)
13,585

 
(12,816
)
 
19,180

 
(8,069
)
Net earnings attributable to noncontrolling interests
1,162

 
626

 
2,809

 
1,064

Net earnings (loss) attributable to Guess?, Inc.
$
12,423

 
$
(13,442
)
 
$
16,371

 
$
(9,133
)
 
 
 
 
 
 
 
 
Net earnings (loss) per common share attributable to common stockholders (Note 3):
Basic
$
0.19

 
$
(0.17
)
 
$
0.22

 
$
(0.12
)
Diluted
$
0.18

 
$
(0.17
)
 
$
0.22

 
$
(0.12
)
 
 
 
 
 
 
 
 
Weighted average common shares outstanding attributable to common stockholders (Note 3):
Basic
66,393

 
80,189

 
72,275

 
80,067

Diluted
67,314

 
80,189

 
73,211

 
80,067


See accompanying notes to condensed consolidated financial statements.


2

Table of Contents

GUESS?, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF
COMPREHENSIVE INCOME (LOSS)
(in thousands)
(unaudited)
 
Three Months Ended
 
Nine Months Ended
 
Nov 2, 2019
 
Nov 3, 2018
 
Nov 2, 2019
 
Nov 3, 2018
Net earnings (loss)
$
13,585

 
$
(12,816
)
 
$
19,180

 
$
(8,069
)
Other comprehensive income (loss) (“OCI”):
 

 
 

 
 
 
 
Foreign currency translation adjustment
 
 
 
 
 
 
 
Gains (losses) arising during the period
3,224

 
(11,745
)
 
(14,136
)
 
(59,270
)
Derivative financial instruments designated as cash flow hedges
 

 
 

 
 
 
 
Gains arising during the period
859

 
1,833

 
7,581

 
14,000

Less income tax effect
(83
)
 
(237
)
 
(963
)
 
(1,825
)
Reclassification to net earnings (loss) for (gains) losses realized
(2,854
)
 
1,597

 
(4,931
)
 
5,787

Less income tax effect
327

 
(178
)
 
651

 
(720
)
Defined benefit plans
 

 
 

 
 
 
 
Foreign currency and other adjustments
14

 
42

 
(46
)
 
345

Less income tax effect
(1
)
 
(5
)
 
4

 
(31
)
Net actuarial loss amortization
112

 
150

 
334

 
453

Prior service credit amortization
(10
)
 
(7
)
 
(29
)
 
(21
)
Less income tax effect
(12
)
 
(19
)
 
(35
)
 
(58
)
Total comprehensive income (loss)
15,161

 
(21,385
)
 
7,610

 
(49,409
)
Less comprehensive income (loss) attributable to noncontrolling interests:
 

 
 

 
 
 
 
Net earnings
1,162

 
626

 
2,809

 
1,064

Foreign currency translation adjustment
283

 
(1,181
)
 
141

 
(994
)
Amounts attributable to noncontrolling interests
1,445

 
(555
)
 
2,950

 
70

Comprehensive income (loss) attributable to Guess?, Inc.
$
13,716

 
$
(20,830
)
 
$
4,660

 
$
(49,479
)

See accompanying notes to condensed consolidated financial statements.


3

Table of Contents

GUESS?, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
(unaudited)
 
Nine Months Ended
 
Nov 2, 2019
 
Nov 3, 2018
Cash flows from operating activities:
 

 
 

Net earnings (loss)
$
19,180

 
$
(8,069
)
Adjustments to reconcile net earnings (loss) to net cash used in operating activities:
 

 
 

Depreciation and amortization
53,989

 
50,399

Amortization of debt discount
5,109

 

Amortization of debt issuance costs
663

 

Share-based compensation expense
14,639

 
12,534

Forward contract gains
(60
)
 
(1,884
)
Net loss on disposition of property and equipment and long-term assets
6,558

 
5,663

Other items, net
6,368

 
12,937

Changes in operating assets and liabilities:
 

 
 

Accounts receivable
17,190

 
(6,065
)
Inventories
(56,467
)
 
(159,463
)
Prepaid expenses and other assets
6,162

 
(28,398
)
Operating lease assets and liabilities, net
3,350

 

Accounts payable and accrued expenses
(97,776
)
 
87,857

Other long-term liabilities
(6,910
)
 
(12,426
)
Net cash used in operating activities
(28,005
)
 
(46,915
)
Cash flows from investing activities:
 

 
 

Purchases of property and equipment
(49,020
)
 
(74,890
)
Proceeds from sale of long-term assets
319

 

Changes in other assets
589

 

Acquisition of businesses, net of cash acquired

 
(6,404
)
Net cash settlement of forward contracts
162

 
156

Purchases of investments

 
(2,093
)
Net cash used in investing activities
(47,950
)
 
(83,231
)
Cash flows from financing activities:
 

 
 

Proceeds from short-term borrowings
120,794

 

Repayments of short-term borrowings
(87,207
)
 

Proceeds from issuance of convertible senior notes
300,000

 

Proceeds from issuance of warrants
28,080

 

Purchase of convertible note hedges
(60,990
)
 

Convertible debt issuance costs
(5,101
)
 

Repayment of finance lease obligations and borrowings
(2,595
)
 
(1,469
)
Dividends paid
(34,286
)
 
(54,858
)
Noncontrolling interest capital distribution
(668
)
 
(3,069
)
Issuance of common stock, net of tax withholdings on vesting of stock awards
846

 
4,737

Purchase of treasury stock
(280,564
)
 
(23,620
)
Net cash used in financing activities
(21,691
)
 
(78,279
)
Effect of exchange rates on cash, cash equivalents and restricted cash
(2,732
)
 
(19,803
)
Net change in cash, cash equivalents and restricted cash
(100,378
)
 
(228,228
)
Cash, cash equivalents and restricted cash at the beginning of the year
210,995

 
367,682

Cash, cash equivalents and restricted cash at the end of the period
$
110,617

 
$
139,454

 
 
 
 
Supplemental cash flow data:
 

 
 

Interest paid
$
4,865

 
$
961

Income taxes paid, net of refunds
$
11,668

 
$
28,039

 
 
 
 
Non-cash investing and financing activity:
 
 
 
Assets acquired under finance lease obligations
$
3,070

 
$
1,172

Sale of retail locations
$
5,102

 
$

 
See accompanying notes to condensed consolidated financial statements.

4

Table of Contents

GUESS?, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
(in thousands, except share data)
 
For the three and nine months ended November 2, 2019
 
Guess?, Inc. Stockholders’ Equity
 
 
 
 
 
Common Stock
 
 
 
 
 
 
 
Treasury Stock
 
 
 
 
 
Shares
 
Amount
 
Paid-in
Capital
 
Retained Earnings
 
Accumulated Other Comprehensive Loss
 
Shares
 
Amount
 
Nonredeemable
Noncontrolling
Interests
 
Total
Balance at February 2, 2019
81,379,660

 
$
814

 
$
523,331

 
$
1,077,747

 
$
(126,179
)
 
61,327,640

 
$
(638,486
)
 
$
16,418

 
$
853,645

Cumulative adjustment from adoption of new accounting guidance

 

 

 
(1,684
)
 
1,981

 

 

 

 
297

Net earnings (loss)

 

 

 
(21,374
)
 

 

 

 
793

 
(20,581
)
Other comprehensive income (loss), net of income tax of ($499)

 

 

 

 
(8,508
)
 

 

 
310

 
(8,198
)
Issuance of common stock under stock compensation plans including tax effect
545,881

 
5

 
(3,042
)
 

 

 
(211,221
)
 
2,225

 

 
(812
)
Issuance of stock under Employee Stock Purchase Plan
11,377

 
1

 
69

 

 

 
(11,377
)
 
120

 

 
190

Share-based compensation

 

 
4,440

 
28

 

 

 

 

 
4,468

Dividends

 

 

 
(18,331
)
 

 

 

 

 
(18,331
)
Share repurchases
(10,264,052
)
 
(103
)
 
103

 

 

 
10,264,052

 
(201,564
)
 

 
(201,564
)
Equity component value of convertible note issuance, net

 

 
42,324

 

 

 

 

 

 
42,324

Sale of common stock warrant

 

 
28,080

 

 

 

 

 

 
28,080

Purchase of convertible note hedge

 

 
(46,440
)
 

 

 

 

 

 
(46,440
)
Equity forward contract issuance

 

 
(68,000
)
 

 

 

 

 

 
(68,000
)
Balance at May 4, 2019
71,672,866

 
$
717

 
$
480,865

 
$
1,036,386

 
$
(132,706
)
 
71,369,094

 
$
(837,705
)
 
$
17,521

 
$
565,078

Net earnings

 

 

 
25,322

 

 

 

 
854

 
26,176

Other comprehensive loss, net of income tax of ($75)

 

 

 

 
(4,496
)
 

 

 
(452
)
 
(4,948
)
Issuance of common stock under stock compensation plans including tax effect
64,080

 

 
(852
)
 

 

 
(106,039
)
 
1,249

 

 
397

Issuance of stock under Employee Stock Purchase Plan
19,538

 

 
38

 

 

 
(19,538
)
 
230

 

 
268

Share-based compensation

 

 
4,928

 
58

 

 

 

 

 
4,986

Dividends

 

 

 
(8,162
)
 

 

 

 

 
(8,162
)
Share repurchases
(749,252
)
 
(7
)
 
7

 

 

 
749,252

 
(11,000
)
 

 
(11,000
)
Balance at August 3, 2019
71,007,232

 
$
710

 
$
484,986

 
$
1,053,604

 
$
(137,202
)
 
71,992,769

 
$
(847,226
)
 
$
17,923

 
$
572,795

Net earnings

 

 

 
12,423

 

 

 

 
1,162

 
13,585

Other comprehensive income, net of income tax of $231

 

 

 

 
1,293

 

 

 
283

 
1,576

Issuance of common stock under stock compensation plans including tax effect
24,491

 

 
(36
)
 

 

 
(54,500
)
 
644