To: Smiling Bob who wrote (13104 ) 3/19/2008 4:37:14 PM From: Smiling Bob Read Replies (1) | Respond to of 19256 GES - I'll be looking at puts tomorrow on any pop That was then and now is now. A completely different economy. edit- may wait- this is well off of recent highs -- DJ UPDATE: Guess 4Q Net Climbs 20% On International Sales . DOW JONES NEWSWIRES Guess Inc.'s (GES) fiscal fourth-quarter net income climbed 20% on strong international sales. In the quarter ended Feb. 2, the jeans maker reported net income of $55.2 million, or 59 cents a share, up from $45.9 million, or 49 cents a share, a year earlier. Revenue jumped 30% to $514.6 million. Analysts' mean estimates were for earnings of 57 cents a share on revenue of $470 million, according to a poll by Thomson Financial. North American earnings grew 12%, while same-store sales rose 13%. Guess had 373 retail stores in the U.S. and Canada at the end of the fourth quarter. Profit jumped 53% in the wholesale segment, which includes the Asian operations, while earnings in the European segment increased 65%. Licensing segment profit grew 15%. Gross margin climbed to 45.4% from 44.7%. Chief Executive Paul Marciano said, "We are very pleased with our strong financial performance this quarter, especially considering the current economic environment. Our international businesses remained the primary drivers of this growth, with Europe and Asia representing about two-thirds of the revenue increase and half of the operating profit growth in the quarter." Looking ahead, Guess expects fiscal first-quarter per-share earnings of 44 cents to 46 cents on revenue of $445 million to $460 million. Analysts' latest mean estimates were for earnings of 47 cents a share on revenue of $451 million. For the fiscal year, Guess affirmed its December forecast of per-share earnings of $2.35 to $2.45 on revenue of $1.97 billion to $2.05 billion. Analysts' mean estimates were for earnings of $2.45 a share on revenue of $2.05 billion. The company announced plans to repurchase up to $200 million of its common stock and it will pay a quarterly dividend of 8 cents a share in April. Guess shares were at $35.06, up 89 cents, or 2.6%, in after-hours trading. The stock surged in the past five years to $57.20, its 52-week high on Oct. 17, from $2. -By Kathy Shwiff, Dow Jones Newswires; 201-938-5975; kathy.shwiff@dowjones.com (END) Dow Jones Newswires March 19, 2008 16:28 ET (20:28 GMT) Copyright (c) 2008 Dow Jones & Company, Inc.- - 04 28 PM EDT 03-19-08