Guess? Inc. (GES) reported better-than-expected results for the first nine months of fiscal 2011, thanks to strong North American sales, operating cost controls and smart inventory management.
In addition, the company’s strong cost-control efforts also helped it maintain a lower operating cost structure which in turn helped it navigate through the difficult economic conditions. Management also issued optimistic guidance for the fourth quarter and for fiscal year 2010.
Confident about its performance ahead, the company raised its quarterly dividend by 25%. We currently upgrade the stock from Neutral to Outperform.
GUESS INC (GES): Free Stock Analysis Report
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