Pinched by an impairment charge and lower margins and same-store sales, Guess Inc. late Tuesday posted lower fourth-quarter results, but finished the year with a stronger bottom line.
For the three months ended Jan. 31, income fell 13.2 percent to $47.9 million, or 52 cents a diluted share, from $55.2 million, or 59 cents, in the year-ago quarter. Excluding a noncash asset impairment charge of $22.3 million for long-lived assets connected with retail stores in North America and Asia, income in the current quarter would have been up 12.1 percent to $62 million, or 67 cents, which was 16 cents above analysts’ consensus estimates.
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