Guess Inc.’s (NYSE:GES) first quarter of fiscal 2013 earnings of $0.30 per share surpassed Zacks Consensus Estimate. However, it fell significantly short of year-ago quarter earnings of $0.54.
Severe austerity measures taken by European governments to combat the debt crisis resulted in reduced spending of the consumers, which was offset by a slight improvement of sales in North American. Operating margin shrank owing to higher SG&A as well as promotional activities. Same store sales also … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards