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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Aug. 03, 2024
Jul. 29, 2023
Aug. 03, 2024
Jul. 29, 2023
Net revenue $ 732,560 $ 664,512 $ 1,324,503 $ 1,234,310
Cost of product sales 412,617 370,069 756,459 707,882
Gross profit 319,943 294,443 568,044 526,428
Selling, general and administrative expenses 282,951 229,652 549,799 460,625
Asset impairment charges 2,277 2,622 3,418 4,556
Net gains on lease modifications 0 (2,431) 0 (2,431)
Gain on sale of assets (13,781) 0 (13,781) 0
Loss on equity method investment 720 0 720 0
Earnings from operations 47,776 64,600 27,888 63,678
Other income (expense):        
Interest expense (7,707) (5,742) (14,081) (9,960)
Interest income 2,957 2,861 6,605 5,376
Loss on extinguishment of debt 0 0 (1,952) (7,696)
Other expense, net (39,873) (4,592) (4,106) (7,223)
Total other expense (44,623) (7,473) (13,534) (19,503)
Earnings before income tax expense 3,153 57,127 14,354 44,175
Income tax expense 11,789 15,165 7,084 12,907
Net earnings (loss) (8,636) 41,962 7,270 31,268
Net earnings attributable to noncontrolling interests 1,967 2,929 4,851 4,040
Net earnings (loss) attributable to Guess?, Inc. $ (10,603) $ 39,033 $ 2,419 $ 27,228
Net earnings (loss) per common share attributable to common stockholders:        
Basic (in dollars per share) $ (0.21) $ 0.73 $ 0.04 $ 0.50
Diluted (in dollars per share) $ (0.28) $ 0.59 $ 0.04 $ 0.46
Weighted average common shares outstanding attributable to common stockholders:        
Basic (in shares) 52,436 52,951 52,672 53,649
Diluted (in shares) 67,092 69,869 54,118 65,608
Product sales        
Net revenue $ 703,460 $ 636,496 $ 1,266,413 $ 1,182,406
Net royalties        
Net revenue $ 29,100 $ 28,016 $ 58,090 $ 51,904