June 2007 -- In 1981 apparel manufacturer GUESS? Inc. launched its jeans collection. To stay current, the company evolved with the fashion scene. The evolution also resulted in strong financial results.
For the fourth quarter of 2006, the company reported record revenues and record net earnings of $45.7 million, an increase of 77.1% compared with net earnings of $25.8 million for the quarter ended Dec. 31, 2005.
"We have a unique business format in our market. As we look ahead, we continue to see the globalization of our brand as our main focus in 2007 and beyond," said Paul Marciano, CEO, in a Feb. 14, 2007, statement. "In North America, we plan to continue our retail development of all our retail formats, including the launch of our newest concept, G by Guess. Internationally, we plan to execute on our strategies to develop the European and Asian markets, both of which present outstanding growth opportunities for Guess? in our denim line, our Guess by Marciano contemporary line, Marciano and accessories. We have strong management in each region of the world and we have a powerful brand supported by outstanding products to achieve our vision."
