Guess?, Inc. March Comparable Store Sales Up 13.8%, March Total Retail Sales Up 19.3% and First Quarter Comparable Store Sales Up 12.8%
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Guess?, Inc. March Comparable Store Sales Up 13.8%, March Total Retail Sales Up 19.3% and First Quarter Comparable Store Sales Up 12.8%

LOS ANGELES, April 1 /PRNewswire-FirstCall/ -- Guess?, Inc. (NYSE: GES) today reported that total retail sales for the four weeks ended March 27, 2004 were $34.8 million, an increase of 19.3% from sales of $29.2 million for the four weeks ended March 29, 2003. Comparable store sales for the March period increased 13.8%.

Total retail sales for the first quarter ended March 27, 2004 increased 19.0% to $99.5 million from $83.7 million for the first quarter of 2003. Comparable store sales increased 12.8% during the first quarter of 2004. The first quarter of 2004 contained 87 days compared to 88 days for the same period last year. On a comparable 87-day basis, comparable store sales increased 14.2% during the first quarter of 2004.

Guess?, Inc. designs, markets, distributes and licenses a lifestyle collection of contemporary apparel, accessories and related consumer products.

Except for historical information contained herein, certain matters discussed in this press release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are only expectations, and involve known and unknown risks and uncertainties, which may cause actual results in future periods and other future events to differ materially from what is currently anticipated. Factors which may cause actual results in future periods to differ from current expectations include, among other things, the continued availability of sufficient working capital, the successful integration of new stores into existing operations, the continued desirability and customer acceptance of existing and future product lines (including licensed product lines), possible cancellations of wholesale orders, the success of competitive products, and the availability of adequate sources of capital. In addition to these factors, the economic and other factors identified in the Company's most recent annual report on Form 10-K for the fiscal year ended December 31, 2003 including but not limited to the risk factors discussed therein, could affect the forward-looking statements contained herein and in the Company's other public documents.

For further information, please contact Carlos Alberini, President & Chief Operating Officer, +1-213-765-3582, or Frederick G. Silny, SVP & Chief Financial Officer, +1-213-765-3289, both of Guess?, Inc.; or Wendi Kopsick of Kekst and Company, +1-212-521-4800, for Guess?, Inc.

SOURCE  Guess?, Inc.
    -0-                             04/01/2004
    /CONTACT:  Carlos Alberini, President & Chief Operating Officer,
+1-213-765-3582, or Frederick G. Silny, SVP & Chief Financial Officer,
+1-213-765-3289, both of Guess?, Inc.; or Wendi Kopsick of Kekst and Company,
+1-212-521-4800, for Guess?, Inc./
    (GES)

CO:  Guess?, Inc.
ST:  California
IN:  FAS REA TEX
SU:  SLS

AC-JH 
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6572 04/01/2004 07:00 EST http://www.prnewswire.com