On Aug. 25, 2021, Guess released its second-quarter fiscal 2021 results for the quarter ending July 2021. The Company reported earnings-per-share (EPS) of $0.96 excluding non-recurring items versus consensus analyst estimates for $0.70, a $0.26 per share beat. Revenues rose 58% year-over-year (YoY) to $628.6 million, falling short of consensus analyst estimates for $648.6 million. The Company increased share buyback program to $200 million and declared a $0.1125 per share dividend. Guess CEO Carlos Alberini commented:
Guess expects full-year fiscal 2022 revenues to be down mid-single digits versus fiscal 2020 (Calendar year 2019) and operating margins to reach 10%.
CEO Alberini set the tone:
CEO Alberini covered business in the U.S.:
He commented on Europe:
Lastly, he commented on Asia:
Using the rifle charts on the weekly and daily time frames provides a precision view of the landscape for GES stock. The weekly rifle chart peaked at the $31.12 Fibonacci (fib) level and triggered a weekly market structure high (MSH) sell on the breakdown under $27.73 as it tanked to $20.63 before staging a rally. The weekly rifle chart has a make or break formation with a stalled 5-period moving average (MA) at $23.19 and falling 15-period MA at $24.16. The stochastic has stalled also just under the 30-band. The weekly market structure low (MSL) buy triggers on a breakout above the $23.12. The daily rifle chart has a downtrend led by the falling 5-period MA at $22.62. The daily lower Bollinger Bands sit at $20.71. Prudent investors can watch for opportunistic pullback levels at the $21.26 fib, $20.63 fib, $19.50 fib, $18.60 fib, and the $17.18 fib. Upside trajectories range from the $26.73 fib to the $32.49 level.