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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Nov. 02, 2024
Oct. 28, 2023
Nov. 02, 2024
Oct. 28, 2023
Net revenue $ 738,518 $ 651,170 $ 2,063,021 $ 1,885,480
Cost of product sales 416,641 360,000 1,173,100 1,067,882
Gross profit 321,877 291,170 889,921 817,598
Selling, general and administrative expenses 279,389 234,123 829,188 694,748
Asset impairment charges 1,091 1,737 4,509 6,293
Net (gains) losses on lease modifications (718) 537 (718) (1,894)
Gain on sale of assets 0 0 (13,781) 0
(Gain) loss on equity method investment (161) 0 559 0
Earnings from operations 42,276 54,773 70,164 118,451
Other income (expense):        
Interest expense (8,131) (5,923) (22,212) (15,883)
Interest income 2,613 3,181 9,218 8,557
Loss on extinguishment of debt 0 0 (1,952) (7,696)
Other expense, net (45,826) (11,004) (49,932) (18,227)
Total other expense (51,344) (13,746) (64,878) (33,249)
Earnings (loss) before income tax expense (benefit) (9,068) 41,027 5,286 85,202
Income tax expense (benefit) 11,687 (18,277) 18,771 (5,370)
Net earnings (loss) (20,755) 59,304 (13,485) 90,572
Net earnings attributable to noncontrolling interests 2,640 3,603 7,491 7,643
Net earnings (loss) attributable to Guess?, Inc. $ (23,395) $ 55,701 $ (20,976) $ 82,929
Net earnings (loss) per common share attributable to common stockholders:        
Basic (in dollars per share) $ (0.46) $ 1.04 $ (0.42) $ 1.53
Diluted (in dollars per share) $ (0.47) $ 0.82 $ (0.42) $ 1.30
Weighted average common shares outstanding attributable to common stockholders:        
Basic (in shares) 50,798 53,052 52,047 53,450
Diluted (in shares) 66,608 70,331 52,047 68,098
Product sales        
Net revenue $ 705,507 $ 618,130 $ 1,971,920 $ 1,800,536
Net royalties        
Net revenue $ 33,011 $ 33,040 $ 91,101 $ 84,944