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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jul. 29, 2023
Jul. 30, 2022
Jul. 29, 2023
Jul. 30, 2022
Net revenue $ 664,512 $ 642,690 $ 1,234,310 $ 1,236,163
Cost of product sales 370,069 372,189 707,882 718,513
Gross profit 294,443 270,501 526,428 517,650
Selling, general and administrative expenses 229,652 216,043 460,625 425,874
Asset impairment charges 2,622 1,919 4,556 3,463
Net gains on lease modifications (2,431) (907) (2,431) (1,508)
Earnings from operations 64,600 53,446 63,678 89,821
Other income (expense):        
Interest expense (5,742) (3,195) (9,960) (6,288)
Interest income 2,861 419 5,376 993
Loss on extinguishment of debt 0 0 (7,696) 0
Other, net (4,592) (9,053) (7,223) (25,505)
Total other expense (7,473) (11,829) (19,503) (30,800)
Earnings before income tax expense 57,127 41,617 44,175 59,021
Income tax expense 15,165 14,177 12,907 21,127
Net earnings 41,962 27,440 31,268 37,894
Net earnings attributable to noncontrolling interests 2,929 3,478 4,040 5,962
Net earnings attributable to Guess?, Inc. $ 39,033 $ 23,962 $ 27,228 $ 31,932
Net earnings per common share attributable to common stockholders:        
Basic (in dollars per share) $ 0.73 $ 0.42 $ 0.50 $ 0.54
Diluted (in dollars per share) $ 0.59 $ 0.35 $ 0.46 $ 0.46
Weighted average common shares outstanding attributable to common stockholders:        
Basic (in shares) 52,951 56,954 53,649 59,003
Diluted (in shares) 69,869 70,299 65,608 72,443
Product sales        
Net revenue $ 636,496 $ 617,922 $ 1,182,406 $ 1,184,995
Net royalties        
Net revenue $ 28,016 $ 24,768 $ 51,904 $ 51,168