by Zacks
Guess reported strong fourth quarter results with year-over-year sales growth of 30% and EPS growth of 19%. The company s outlook for fiscal 2009 was strong as well. Guess expects sales of $1.97-$2.05 billion and diluted earnings per share of $2.35-$2.45
Management is typically cautious with its guidance, so we remain confident that Guess will beat estimates on the top and bottom lines. The company s international expansion and product accessories should continue to drive overall growth. We maintain our Buy rating and our $60 target price, which is about 25x our fiscal 2009 EPS estimate and in line with our estimate of Guess long-term earnings growth rate
$39.5 (03/25/08)
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