GUESS?, INC. REPORTS FOURTH QUARTER RESULTS

                 GUESS?, INC. REPORTS FOURTH QUARTER RESULTS

Fourth Quarter Revenues Increased 5% to $815 Million

Fourth Quarter Adjusted EPS of $0.95, Compared to $1.05 in Q4 Fiscal 2012;
GAAP EPS was $0.85

Fiscal Year 2013 Adjusted EPS of $2.15; GAAP EPS of $2.05

Provides Fiscal Year 2014 EPS Guidance in the Range of $1.70 to $1.90

Provides First Quarter Fiscal 2014 EPS Guidance in the Range of $0.05 to $0.10

PR Newswire

LOS ANGELES, March 20, 2013

LOS ANGELES, March 20, 2013 /PRNewswire/ --Guess?, Inc. (NYSE: GES) today
reported financial results for its fourth quarter and fiscal year ended
February 2, 2013.

Fourth Quarter Fiscal 2013 Highlights

  oAsian revenues increased 19% in U.S. dollars and 14% in constant dollars
  oNorth American Retail revenues increased 2%; retail comp sales declined
    6.3%
  oEuropean revenues increased 3% in U.S. dollars and local currency
  oOperating earnings decreased 12%; operating margin declined 280 basis
    points to 15%

Fiscal Year 2013 Highlights

  oGlobal revenues down 1% at $2.7 billion in U.S. dollars; increased 2% in
    constant dollars
  oAsian revenues increased 16% in both U.S. dollars and constant dollars
  oEuropean revenues decreased 7% in U.S. dollars; flat in local currency
  oNorth American Retail revenues flat at $1.1 billion; retail comp sales
    declined 6.6%
  oAdjusted operating earnings decreased 34%; GAAP operating earnings
    decreased 31%
  oInvested $140 million to repurchase 5 million shares and paid special
    dividend of $1.20 per share

This press release contains certain non-GAAP, or adjusted, financial measures,
which exclude the impact of settlement charges (and related taxes where
applicable) recorded during the fourth quarter of fiscal 2013 and the second
quarter of fiscal 2012. A reconciliation of reported GAAP results to
comparable non-GAAP results is provided in the accompanying tables and
discussed under the heading "Presentation of Non-GAAP Information" below.

Fourth Quarter Fiscal 2013 Results

For the fourth quarter of fiscal 2013, the Company generated adjusted net
earnings of $81.4 million, a 15.1% decrease compared to net earnings of $95.9
million for the fourth quarter of fiscal 2012. Adjusted diluted earnings per
share decreased 9.5%, to $0.95, compared to diluted earnings per share of
$1.05 for the prior-year quarter. The adjusted net earnings exclude a charge
of $12.8 million related to the resolution of a tax audit dispute in Italy,
partially offset by unrelated tax benefits of $4.0 million. On a GAAP basis,
fourth quarter fiscal 2013 net earnings were $72.6 million and diluted
earnings per share totaled $0.85, including an unfavorable $0.10 impact from
the net tax settlement charge.

Paul Marciano, Chief Executive Officer, commented, "Despite a difficult
environment, we were able to deliver fourth quarter financial results that
were at the high end of our expectations. We continued to direct our
expansion efforts towards newer international markets, growing revenues in the
double digits in key markets such as Korea, Germany, Greater China, Mexico and
Russia. In North America, lower traffic and the promotional environment
continued to impact our business while in Southern Europe, the weak economic
conditions continue to impact consumer confidence."

Mr. Marciano continued, "We enter this fiscal year with the expectation that
the challenging macroeconomic environment will continue. In our more
developed markets, we will continue to invest in marketing and visual
merchandising initiatives to improve the performance of our stores while
tightly managing expenses and inventories to protect our strong financial
position. Already we have made progress in streamlining our operations in
these markets that we expect to yield cost savings in the future. At the same
time we will continue to invest in under-developed markets where the brand
awareness is high but less penetrated."

Mr. Marciano concluded, "Everything starts and ends with the product we
deliver.I strongly believe that the heritage of Guess? is rooted in denim
and theGuess? girl looks to us for iconic and sexy styles. Expect to see
more on-trend fashion presented in the sexy, iconic Guess? style, coupled with
timeless pieces that deliver thequality and value that our customers expect
from Guess?."

Total net revenue for the fourth quarter of fiscal 2013 increased 5.1% to
$815.1 million, from $775.8 million in the prior-year quarter. In constant
dollars, total net revenue increased 4.2%. In addition, the Company's fourth
quarter fiscal year 2013 results included 14 weeks, while the fourth quarter
of fiscal 2012 results included 13 weeks.

  oThe Company's retail stores in North America generated revenue of $350.0
    million in the fourth quarter of fiscal 2013, a 1.9% increase from $343.5
    million in the same period a year ago. Comparable store sales for the
    fourth quarter of fiscal year 2013 decreased 6.3% in U.S. dollars and 7.0%
    in local currency compared to the same period a year ago. The Company
    directly operated 512 retail stores in the United States and Canada at the
    end of the fourth quarter of fiscal 2013 versus 504 stores a year earlier.
  oNet revenue from the Company's Europe segment increased 3.2% to $300.3
    million in the fourth quarter of fiscal 2013, compared to $290.8 million
    in the prior-year period. In local currency, net revenue increased 3.3%.
  oNet revenue from the Company's Asia segment increased 19.2% to $84.2
    million in the fourth quarter of fiscal 2013, from $70.6 million in the
    prior-year period. In constant dollars, net revenue increased 14.3%.
  oNet revenue from the Company's North American Wholesale segment increased
    25.7% to $50.9 million in the fourth quarter of fiscal 2013, compared to
    $40.5 million in the prior-year period. In constant dollars, net revenue
    increased 24.1%.
  oLicensing segment net revenue decreased 2.1% to $29.8 million in the
    fourth quarter of fiscal 2013, from $30.4 million in the prior-year
    period.

Operating earnings for the fourth quarter of fiscal 2013 decreased 11.7% to
$120.0 million (including a $1.7 million favorable currency translation
impact) from operating earnings of $135.8 million in the prior-year period.
Operating margin in the fourth quarter declined 280 basis points to 14.7%,
compared to operating margin of 17.5% in the prior-year quarter. The lower
operating margin primarily reflects the impact of negative same store sales on
the Company's fixed cost structure, higher occupancy and selling costs in
Europe due to retail expansion and more retail markdowns in Europe and North
America. 

Other net expense, which primarily includes net unrealized mark-to-market
losses on foreign currency contracts and balances, partially offset by net
unrealized gains on non-operating assets, was $0.1 million for the fourth
quarter of fiscal 2013, compared to income of $6.4 million in the prior-year
quarter.

The Company's fourth quarter fiscal 2013 adjusted tax rate increased slightly
to 31.1%, compared to 30.9% for the fourth quarter of the prior year. On a
GAAP basis, the fourth quarter fiscal 2013 tax rate was 38.4%. 

Fiscal Year 2013 Results

Adjusted net earnings for the fiscal year ended February 2, 2013 were $187.5
million, a decrease of 33.8% compared to adjusted net earnings of $283.1
million for the fiscal year ended January 28, 2012. The fiscal year 2013
adjusted net earnings exclude a charge of $12.8 million related to the
resolution of a tax audit dispute in Italy, partially offset by unrelated tax
benefits of $4.0 million. The prior year adjusted net earnings excluded a
settlement charge of $19.5 million ($17.6 million net of the related tax
impact) associated with the settlement of the Company's relationship with one
of its former European service providers. Adjusted diluted earnings per share
declined 29.5% to $2.15 per share in the fiscal year 2013 compared to adjusted
diluted earnings per share of $3.05 in the prior year. On a GAAP basis, net
earnings for the fiscal year ended February 2, 2013 were $178.7 million and
diluted earnings per share, including an unfavorable $0.10 impact from the net
tax settlement charge, totaled $2.05.

Total net revenue for fiscal year 2013 was down 1.1% at $2.66 billion for the
fiscal year 2013, compared to $2.69 billion in the prior year. In constant
dollars, total net revenue increased 1.6%. In addition, the Company's fiscal
year 2013 results included 53 weeks, while fiscal 2012 results included 52
weeks.

  oThe Company's retail stores in North America generated revenue of $1.12
    billion in fiscal 2013, flat compared to the prior year. Comparable store
    sales for fiscal year 2013 decreased 6.6% in U.S. dollars and local
    currency compared to the prior year.
  oNet revenue from the Company's Europe segment decreased 7.1% to $939.6
    million in fiscal year 2013, compared to $1.01 billion in the prior year.
    In local currency, Europe segment revenues were flat.
  oNet revenue from the Company's Asia segment increased 15.9% to $290.7
    million in fiscal year 2013, compared to $250.7 million in the prior
    year.
  oNet revenue from the Company's North American Wholesale segment increased
    3.7% to $194.4 million in fiscal year 2013, from $187.4 million in the
    prior year. In constant dollars, net revenue increased 4.5%.
  oLicensing segment net revenue decreased 3.5% to $117.1 million in fiscal
    year 2013, from $121.4 million in the prior year.

Operating earnings for fiscal year 2013 decreased 34.1% to $274.5 million
(including a $6.8 million unfavorable currency translation impact) from
adjusted operating earnings of $416.7 million in the prior year. Operating
margin for fiscal 2013 declined 520 basis points to 10.3% compared to adjusted
operating margin of 15.5% in the prior year. The decline in adjusted
operating margin primarily reflects the impact of lower sales due to negative
same store sales on the Company's fixed cost structure and lower sales in our
European wholesale business, higher occupancy and selling costs in Europe due
to retail expansion, increased investments in advertising and marketing and
more retail markdowns in Europe and North America. GAAP operating earnings
decreased 30.9% and GAAP operating margin declined 450 basis points.

Other net income, which primarily includes net unrealized gains on
non-operating assets and net unrealized mark-to-market gains on foreign
currency contracts and balances was $5.7 million for fiscal year 2013 compared
to $1.0 million for the prior year.

The Company's fiscal 2013 adjusted tax rate increased to 32.2%, compared to
31.2% for the prior year. On a GAAP basis, our fiscal 2013 tax rate was
35.3%. 

Outlook

The Company's expectations for the first quarter of fiscal 2014 ending May 4,
2013, are as follows:

  oConsolidated net revenues are expected to range from $545 million to $560
    million.
  oOperating margin is expected to be between 1.0% and 2.0%.
  oDiluted earnings per share are expected to be in the range of $0.05 to
    $0.10.

For the fiscal year ending February 1, 2014, the Company's expectations are as
follows (note that the Company's fiscal year 2014 will include 52 weeks, while
fiscal 2013 included 53 weeks):

  oConsolidated net revenues are expected to range from $2.60 billion to
    $2.64 billion.
  oOperating margin is expected to be between 8.5% and 9.5%.
  oDiluted earnings per share are expected to be in the range of $1.70 to
    $1.90.

During the first quarter of fiscal 2014, the Company implementedplans to
streamline its operational structure and reduce expenses. The expectations
for the first quarter and fiscal year 2014 exclude the impact of any
restructuring charges associated with these activities.

Dividends

The Company also announced today that its Board of Directors has approved a
quarterly cash dividend of $0.20 per share on the Company's common stock. The
dividend will be payable on April 19, 2013 to shareholders of record at the
close of business on April 3, 2013. 

Presentation of Non-GAAP Information

The financial information presented in this release includes both GAAP and
non-GAAP measures. The "non-GAAP" or "adjusted" financial measures exclude
the impact of settlement charges incurred during the fourth quarter of fiscal
2013 and the second quarter of fiscal 2012.

In January 2013, the Company settled a tax audit dispute in Italy, resulting
in a charge of $12.8 million in the fourth quarter of fiscal 2013, net of
amounts previously reserved, which was partially offset by unrelated tax
benefits of $4.0 million. In July 2011, the Company experienced a temporary
disruption in its European supply chain, related to one of its service
providers. The Company subsequently entered into an agreement to terminate
the relationship with that provider, resulting in a $19.5 million settlement
charge in the second quarter of fiscal 2012.

The Company has excluded these settlement charges, and related tax impact,
from its adjusted financial measures primarily because it does not believe
such charges reflect the Company's ongoing operating results or future
outlook. The Company believes that these adjusted financial measures are
useful as an additional means for investors to evaluate the comparability of
the Company's operating results when reviewed in conjunction with the
Company's GAAP financial statements. A reconciliation of reported GAAP
results to comparable non-GAAP results is provided in the accompanying tables.
The non-GAAP measures are provided in addition to, and not as alternatives
for, the Company's reported GAAP results.

This release also includes certain constant currency financial information.
Foreign currency exchange rate fluctuations affect the amount reported from
translating the Company's foreign revenues and expenses into U.S. dollars.
These rate fluctuations can have a significant effect on reported operating
results under GAAP. The Company provides constant currency information to help
investors assess how our businesses performed excluding the effects of changes
in foreign currency translation rates. To calculate revenues and earnings from
operations on a constant currency basis, operating results for the current
year period for entities reporting in currencies other than U.S. dollars are
translated into U.S. dollars at the average exchange rates in effect during
the comparable period of the prior year. The constant currency calculations do
not adjust for the impact of revaluing specific transactions denominated in a
currency that is different to the functional currency of that entity when
exchange rates fluctuate. The constant currency information presented may not
be comparable to similarly titled measures reported by other companies.

Investor Conference Call

The Company will hold a conference call at 4:30 pm (ET) on March 20, 2013 to
discuss the news announced in this press release. A live webcast of the
conference call will be accessible at www.guess.com via the "Investor
Relations" link. The webcast will be archived on the website for 30 days.

About Guess?

Guess?, Inc. designs, markets, distributes and licenses a lifestyle collection
of contemporary apparel, denim, handbags, watches, footwear and other related
consumer products. Guess? products are distributed through branded Guess?
stores as well as better department and specialty stores around the world. As
of February 2, 2013, the Company directly operated 512 retail stores in the
United States and Canada and 320 retail stores in Europe, Asia and Latin
America. The Company's licensees and distributors operated an additional 858
retail stores outside of the United States and Canada. For more information
about the Company, please visit www.guess.com.

Forward Looking Statements

Except for historical information contained herein, certain matters discussed
in this press release, including statements concerning the Company's
strategies, goals, expectations and future prospects, as well as guidance for
the first quarter and full year of fiscal 2014, 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, which are
frequently indicated by terms such as "expect," "will," "goal," "strategy,"
"believe," "continue," "outlook," "plan" and similar terms, 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 others:
our ability to maintain our brand image and reputation; domestic and
international economic conditions, including economic and other events that
could negatively impact consumer confidence and discretionary consumer
spending; changes in the competitive marketplace and in our commercial
relationships; our ability to anticipate consumer preferences, effectively
operate our various retail concepts and effectively manage inventories; our
ability to successfully implement our growth strategies and to continue to
expand or grow our business; our ability to successfully achieve planned cost
savings; unexpected obligations arising from litigation, tax and other
regulatory proceedings; risks associated with our foreign operations, such as
violations of laws prohibiting improper payments and the burdens of complying
with a variety of foreign laws and regulations; and changes in economic,
political, social and other conditions affecting our foreign operations and
sourcing, including currency fluctuations, global tax rates and the current
European economic crisis. In addition to these factors, the economic,
technological, managerial, and other risks 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. Additional information with respect to known and unknown risks
will also be set forth in the Company's annual report on Form 10-K for the
year ended February 2, 2013, which will be filed with the Securities and
Exchange Commission in the first quarter of fiscal 2014. The Company
undertakes no obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise.

Contact: Guess?, Inc.
          Investor Relations
          (213) 765-5578
Source: Guess?, Inc.



Guess?, Inc. and Subsidiaries
Condensed Consolidated Statements of Income
(amounts in thousands, except per share data)
                Three Months Ended ^1               Twelve Months Ended ^1
                February          January           February 2,         January 28,
                2,                28,
                2013              2012 ^2           2013                2012 ^2
                $         %       $         %       $           %       $           %
Product sales   $ 785,340 96.3%   $ 745,430 96.1%   $ 2,541,463 95.6%   $ 2,566,628 95.5%
Net royalties   29,778    3.7%    30,412    3.9%    117,142     4.4%    121,420     4.5%
Net revenue     815,118   100.0%  775,842   100.0%  2,658,605   100.0%  2,688,048   100.0%
Cost of         482,240   59.2%   440,704   56.8%   1,591,482   59.9%   1,531,823   57.0%
product sales
Gross profit    332,878   40.8%   335,138   43.2%   1,067,123   40.1%   1,156,225   43.0%
Selling,
general and     212,912   26.1%   199,334   25.7%   792,598     29.8%   739,527     27.5%
administrative
expenses
Settlement      —         0.0%    —         0.0%    —           0.0%    19,463      0.7%
charge
Earnings from   119,966   14.7%   135,804   17.5%   274,525     10.3%   397,235     14.8%
operations
Other income
(expense):
     Interest   (435)     (0.1%)  (463)     (0.1%)  (1,640)     (0.0%)  (2,002)     (0.1%)
     expense
     Interest   507       0.1%    714       0.1%    2,016       0.1%    3,147       0.2%
     income
       Other,   (52)      (0.0%)  6,398     0.9%    5,713       0.2%    961         0.0%
       net
Earnings
before income   119,986   14.7%   142,453   18.4%   280,614     10.6%   399,341     14.9%
taxes
Income taxes    46,121    5.6%    44,043    5.7%    99,128      3.8%    128,691     4.8%
Net earnings    73,865    9.1%    98,410    12.7%   181,486     6.8%    270,650     10.1%
Net earnings
attributable
to              1,313     0.2%    2,544     0.3%    2,742       0.1%    5,150       0.2%
noncontrolling
interests
Net earnings
attributable    $ 72,552  8.9%    $ 95,866  12.4%   $ 178,744   6.7%    $ 265,500   9.9%
to Guess?,
Inc.
Net earnings per common share attributable to common stockholders:
       Basic    $ 0.85            $ 1.05            $ 2.06              $ 2.88
       Diluted  $ 0.85            $ 1.05            $ 2.05              $ 2.86
Weighted average common shares outstanding attributable to common stockholders:
       Basic    84,606            90,627            86,262              91,533
       Diluted  84,836            90,931            86,540              91,948
Adjusted earnings from operations ^ 3:
                $ 119,966 14.7%   $ 135,804 17.5%   $ 274,525   10.3%   $ 416,698   15.5%
Adjusted net earnings attributable to Guess?, Inc. ^3:
                $ 81,350  10.0%   $ 95,866  12.4%   $ 187,542   7.1%    $ 283,113   10.5%
Adjusted diluted earnings per common share attributable to common stockholders ^3:
                $ 0.95            $ 1.05            $ 2.15              $ 3.05
Notes:
       The three and twelve months ended February 2, 2013 contain 14 and 53 weeks,
^1     respectively. The three and twelve months ended January 28, 2012 contain 13 and 52
       weeks, respectively.
       For the three and twelve months ended January 28, 2012, the Company reclassified
       certain distribution costs from selling, general and administrative expenses to
^2     cost of product sales to conform to current period presentation. This
       reclassification had no impact on previously reported earnings from operations, net
       earnings or net earnings per share.
       The adjusted results reflect the exclusion of settlement charges (and related taxes
       where applicable) recorded during the fourth quarter of fiscal 2013 and the second
[^3]   quarter of fiscal 2012. A complete reconciliation of actual results to adjusted
       results is presented in the table entitled "Reconciliation of GAAP Results to
       Adjusted Results."

Guess?, Inc. and Subsidiaries
Reconciliation of GAAP Results to Adjusted Results
(amounts in thousands, except per share data)
The following table provides reconciliations of reported GAAP earnings from
operations to adjusted earnings from operations, reported GAAP net earnings
attributable to Guess?, Inc. to adjusted net earnings attributable to Guess?,
Inc. and reported GAAP income taxes to adjusted income taxes for the three and
twelve months ended February 2, 2013 and January 28, 2012.
                          Three Months Ended ^1       Twelve Months Ended ^1
                          February 2,    January 28,  February 2,  January 28,
                          2013           2012         2013         2012
Reported GAAP earnings    $   119,966    $  135,804   $  274,525   $  397,235
from operations
 Supply chain            —              —            —            19,463
settlement charge ^2
Adjusted earnings from    $   119,966    $  135,804   $  274,525   $  416,698
operations
Reported GAAP net
earnings attributable     $   72,552     $  95,866    $  178,744   $  265,500
to Guess?, Inc.
 Supply chain            —              —            —            19,463
settlement charge ^2
 Income tax
adjustments and charges   8,798          —            8,798        (1,850)
^3
Total adjustments
affecting net earnings    8,798          —            8,798        17,613
attributable to Guess?,
Inc.
Adjusted net earnings
attributable to Guess?,   $   81,350     $  95,866    $  187,542   $  283,113
Inc.
Reported GAAP income      $   46,121     $  44,043    $  99,128    $  128,691
taxes
Income tax
adjustments and charges   (8,798)        —            (8,798)      1,850
^3
Adjusted income taxes     $   37,323     $  44,043    $  90,330    $  130,541
Adjusted income tax       31.1%          30.9%        32.2%        31.2%
rate
Notes:
         The three and twelve months ended February 2, 2013 contain 14 and 53
^1       weeks, respectively. The three and twelve months ended January 28,
         2012 contain 13 and 52 weeks, respectively.
         In July 2011, the Company experienced a temporary disruption in its
         European supply chain, related to one of its service providers. The
^2       Company subsequently entered into an agreement to terminate the
         relationship with that provider, resulting in a settlement charge in
         the second quarter of fiscal 2012, impacting the year ended January
         28, 2012.
         In January 2013, the Company settled a tax audit dispute in Italy,
         resulting in a tax settlement charge of $12.8 million in the three
         and twelve months ended February 2, 2013, net of amounts previously
         reserved. This charge was partially offset byunrelated tax benefits
^3       of $4.0 million. The twelve months ended January 28, 2012 reflects
         an adjustment for the income tax effect of the European supply chain
         settlement charge discussed above, and is based on the Company's
         assessment of deductibility using the statutory tax rate of the tax
         jurisdiction in which the charge was incurred.



Guess?, Inc. and Subsidiaries
Consolidated Segment Data
(dollars in thousands)
                    Three Months Ended ^1         Twelve Months Ended ^1
                    February 2,  January   %      February   January     %
                                 28,              2,         28,
                    2013         2012      chg    2013       2012        chg
Net revenue:
   Europe           $          $       3%     $       $         (7%)
                    300,273      290,828          939,599   1,010,896
   North American   349,962      343,496   2%     1,116,836  1,117,643   (0%)
   Retail
   Asia             84,156       70,575    19%    290,655    250,727     16%
   North American   50,949       40,531    26%    194,373    187,362     4%
   Wholesale
   Licensing        29,778       30,412    (2%)   117,142    121,420     (4%)
                    $          $       5%     $        $         (1%)
                    815,118      775,842          2,658,605  2,688,048
Earnings (loss)
from operations:
   Europe before    $         $             $       $   
   settlement       52,300       55,463    (6%)   103,975    186,477    (44%)
   charge
   Supply chain
   settlement       —            —                —          (19,463)
   charge, pre-tax
   Europe including
   settlement       52,300       55,463    (6%)   103,975    167,014     (38%)
   charge
   North American   35,582       54,107    (34%)  78,285     133,184     (41%)
   Retail
   Asia             8,832        8,258     7%     26,525     28,463      (7%)
   North American   13,073       9,513     37%    45,008     47,162      (5%)
   Wholesale
   Licensing        26,624       27,450    (3%)   101,182    108,638     (7%)
   Corporate        (16,445)     (18,987)  (13%)  (80,450)   (87,226)    (8%)
   Overhead
                    $          $       (12%)  $        $        (31%)
                    119,966      135,804          274,525   397,235
Operating margins:
   Europe before
   settlement       17.4%        19.1%            11.1%      18.4%
   charge
   Europe including
   settlement       17.4%        19.1%            11.1%      16.5%
   charge
   North American   10.2%        15.8%            7.0%       11.9%
   Retail
   Asia             10.5%        11.7%            9.1%       11.4%
   North American   25.7%        23.5%            23.2%      25.2%
   Wholesale
   Licensing        89.4%        90.3%            86.4%      89.5%
   Total Company
   before           14.7%        17.5%            10.3%      15.5%
   settlement
   charge
   Total Company
   including        14.7%        17.5%            10.3%      14.8%
   settlement
   charge
Note:
   The three and twelve months ended February 2, 2013 contain 14 and 53 weeks,
^1 respectively. The three and twelve months ended January 28, 2012 contain
   13 and 52 weeks, respectively.



Guess?, Inc. and Subsidiaries
Selected Condensed Consolidated Balance Sheet Data
(in thousands)
                                                    February 2,   January 28,
                                                    2013          2012
ASSETS
Cash and cash equivalents                           $ 329,021     $ 491,805
Short-term investments                              6,906         4,060
Receivables, net                                    324,971       340,602
Inventories                                         369,712       328,602
Other current assets                                76,615        96,413
Property and equipment, net                         355,729       348,885
Other assets                                        250,552       234,108
   Total Assets                                     $ 1,713,506   $ 1,844,475
LIABILITIES AND STOCKHOLDERS' EQUITY
Current portion of borrowings and capital lease     $ 1,901       $ 2,030
obligations
Other current liabilities                           383,065       418,006
Capital lease obligations                           8,314         10,206
Other long-term liabilities                         216,214       211,675
Redeemable and nonredeemable noncontrolling         17,020        26,928
interests
Guess?, Inc. stockholders' equity                   1,086,992     1,175,630
   Total Liabilities and Stockholders' Equity       $ 1,713,506   $ 1,844,475



Guess?, Inc. and Subsidiaries
Condensed Consolidated Cash Flow Data
(in thousands)
                                                      Twelve Months Ended
                                                      February 2,  January 28,
                                                      2013         2012
Net cash provided by operating activities             $  268,904   $  364,494
Net cash used in investing activities                 (120,262)    (132,096)
Net cash used in financing activities                 (318,283)    (162,988)
Effect of exchange rates on cash                      6,857        (4,642)
Net increase (decrease) in cash and cash              (162,784)    64,768
equivalents
Cash and cash equivalents at the beginning of the     491,805      427,037
year
Cash and cash equivalents at the end of the period    $  329,021   $  491,805
Supplemental information:
Depreciation and amortization                         $  89,698    $  79,286
Rent                                                  $  273,436   $  252,528





Guess?, Inc. and Subsidiaries
Retail Store Data
International Store Count
                             As of February 2, 2013     As of January 28, 2012
                             Total      Directly        Total      Directly
                                        Operated                   Operated
Region                       Stores     Stores          Stores     Stores
       United States and     512        512             504        504
       Canada
       Europe and the Middle 622        240             561        179
       East
       Asia                  470        48              423        47
       Central and South     86         32              71         25
       America
                             1,690      832             1,559      755



Guess?, Inc. and Subsidiaries
Retail Store Data
U.S. and Canada
                                                    Twelve Months Ended
                                                    February 2,  January 28,
                                                    2013         2012
Number of stores at the beginning of the year       504          481
       Store openings                               33           37
       Store closures                               (25)         (14)
Number of stores at the end of the year             512          504
Total store square footage at the end of the year   2,371,000    2,338,000

SOURCE Guess?, Inc.

Website: http://www.guess.com
 
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