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January 14, 2008 |
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GUESS? INC: Discloses Strong Same-Store Sales in Retail Business Guess? Inc.'s North American retail business continued to perform ahead of expectations for December 2007, delivering a double digit same store sales increase for the five week period ended Jan. 5, 2008. This performance followed a double digit same store sales increase for the November 2007 period. As a result of the improved sales performance, the company is increasing revenue guidance for its retail segment for the current fiscal year to grow about 16.5% versus its previous expectations for an increase of 16%. The company also reaffirmed its outlook for its other business segments for the year ending Feb. 2, 2008. The company plans to release its actual fiscal 2008 fourth quarter and year end financial results on March 19, 2008. Guess? Inc. (NYSE: GES) -- http://www.guessinc.com/ -- designs, markets, distributes and licenses a lifestyle collection of contemporary apparel, accessories and related consumer products. At May 5, 2007, the company operated 336 retail stores in the United States and Canada. The company also distributes its products through better department and specialty stores around the world, including the Philippines, Hungary and the Dominican Republic. * * * Guess? Inc. still carries Standard & Poor's "BB" long-term foreign and local issuer credit ratings, which were assigned in December 2006. |
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