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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jul. 31, 2021
Aug. 01, 2020
Jul. 31, 2021
Aug. 01, 2020
Net revenue $ 628,624 $ 398,539 $ 1,148,626 $ 658,790
Cost of product sales 334,538 251,511 642,982 477,533
Gross profit 294,086 147,028 505,644 181,257
Selling, general and administrative expenses 205,617 150,293 392,301 293,581
Asset impairment charges 1,501 11,969 1,942 64,941
Net gains on lease modifications (420) (885) (2,565) (429)
Earnings (loss) from operations 87,388 (14,349) 113,966 (176,836)
Other income (expense):        
Interest expense (6,009) (5,941) (11,935) (11,403)
Interest income 461 436 835 1,046
Other income (expense), net (1,001) 5,548 (3,702) (14,032)
Total other income (expense) (6,549) 43 (14,802) (24,389)
Earnings (loss) before income tax expense (benefit) 80,839 (14,306) 99,164 (201,225)
Income tax expense (benefit) 17,692 6,386 23,147 (19,995)
Net earnings (loss) 63,147 (20,692) 76,017 (181,230)
Net earnings (loss) attributable to noncontrolling interests 2,085 (334) 2,949 (3,206)
Net earnings (loss) attributable to Guess?, Inc. $ 61,062 $ (20,358) $ 73,068 $ (178,024)
Net earnings (loss) per common share attributable to common stockholders:        
Basic (in dollars per share) $ 0.94 $ (0.31) $ 1.13 $ (2.72)
Diluted (in dollars per share) $ 0.91 $ (0.31) $ 1.10 $ (2.72)
Weighted average common shares outstanding attributable to common stockholders:        
Basic (in shares) 64,336 65,177 64,185 65,446
Diluted (in shares) 66,074 65,177 65,933 65,446
Product sales        
Net revenue $ 606,691 $ 386,392 $ 1,105,168 $ 633,709
Net royalties        
Net revenue $ 21,933 $ 12,147 $ 43,458 $ 25,081