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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported): June 1, 2006
GUESS?, INC.
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
1-11893 95-3679695
(Commission File Number) (IRS Employer Identification No.)
1444 S.Alameda Street Los Angeles,California 90021
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (213) 765-3100
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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ITEM 7.01. REGULATION FD DISCLOSURE.
Guess?, Inc. issued a press release on June 1, 2006. The press release announced
its retail sales for the month of May which ended on May 27, 2006 and increased
guidance for the second quarter of 2006. The press release is attached hereto as
Exhibit 99.1.
The information in this Form 8-K is being furnished under Item 7.01 and shall
not be deemed to be "filed" for the purposes of Section 18 of the Securities
Exchange Act of 1934 (the "Exchange Act"), or otherwise subject to the
liabilities of such section, nor shall such information be deemed incorporated
by reference in any filing under the Securities Act of 1933 or the Exchange Act,
except as shall be expressly set forth by specific reference in such a filing.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(d) EXHIBITS.
The following exhibit is furnished herewith:
99.1 Press Release of Guess?, Inc. dated June 1, 2006 (May retail sales and
updated guidance for the second quarter of 2006)
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, Guess?,
Inc. has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
Dated: June 1, 2006 GUESS?, INC.
By: /s/ Maurice Marciano
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Maurice Marciano
Co-Chairman of the Board,
Co-Chief Executive Officer and
Director
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EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
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99.1 Press Release of Guess?, Inc. dated June 1, 2006 (May retail
sales and updated guidance for the second quarter of 2006)
4
Exhibit 99.1
GUESS?, INC. NEWS RELEASE
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FOR IMMEDIATE RELEASE Contact: Carlos Alberini
President & Chief Operating Officer
(213) 765-3582
Joseph Teklits
ICR
(203) 682-8258
GUESS?, INC. REPORTS MAY COMP STORE SALES UP 20.0%; RAISES Q2 EXPECTATIONS
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- MAY TOTAL RETAIL SALES INCREASED 26.8%
- COMPANY EXPECTS TO EXCEED Q2 REVENUE AND MARGIN GUIDANCE
LOS ANGELES, CA, June 1, 2006--Guess?, Inc. (NYSE:GES) today reported retail
sales for the month of May which ended on May 27, 2006. Total retail sales for
May were $50.3 million, an increase of 26.8% from sales of $39.7 million for the
month ended May 28, 2005. Comparable store sales for the May period increased
20.0%.
The retail sales and margin performance for the 2006 second quarter-to-date has
been stronger than the Company anticipated. Also, the Company's worldwide
licensing and European businesses have performed ahead of expectations
quarter-to-date. Based on these trends, the Company now expects total revenues
for the second quarter to increase nearly 25% from last year's levels, versus
previous expectations for an increase in the high teens. The Company also
expects gross margins and SG&A expense performance for the period to improve
from previously expected levels.
The net impact of the changes in guidance should result in a net earnings
improvement over previous guidance for the second quarter in the range of $2.5
million to $3.2 million or $0.05 to $0.07 per share.
Guess?, Inc. designs, markets, distributes and licenses a lifestyle collection
of contemporary apparel, accessories and related consumer products. At May 27,
2006 the Company owned and operated 319 retail stores in the United States and
Canada. The Company also distributes its products through better department and
specialty stores around the world. For more information about the Company,
please visit www.guess.com.
Except for historical information contained herein, certain matters discussed in
this press release, including statements concerning the Company's future
prospects and guidance for the second quarter of 2006, 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 to differ materially from what is
currently anticipated. Factors which may cause actual results in future periods
to differ materially from current expectations include, among other things, our
ability to anticipate consumer preferences, effectively operate our retail
stores, effectively manage inventories, successfully execute our strategies,
including our supply chain and international growth strategies, and general
economic conditions and consumer confidence. In addition to these factors, the
economic and other factors identified in the Company's most recent annual report
on Form 10-K and other filings with the Securities and Exchange Commission,
including but not limited to the risk factors discussed therein, could cause
actual results to differ materially from current expectations.