Guess', Inc. (NYSE:GES) Q4 2021 Earnings Conference Call March 16, 2022 4:45 PM ET Company Participants Fabrice Benarouche - VP, Finance and IR Carlos Alberini - CEO Katie Anderson - CFO Conference Call Participants Corey Tarlowe - Jefferies Dana Telsey - Telsey Advisory Group Susan Anderson - B. Riley, FBR Omar Saad - Evercore ISI Operator Good day, everyone, and welcome to the Guess Fourth Quarter Fiscal 2022 Earnings Conference Call. I would like to turn the call over to Fabrice Benarouche, Vice Presiden ...

[PART I. FINANCIAL INFORMATION](index=3&type=section&id=PART%20I.%20FINANCIAL%20INFORMATION) This section presents the company's unaudited condensed consolidated financial statements and related disclosures for the period ended October 30, 2021 [Item 1. Financial Statements](index=3&type=section&id=Item%201.%20Financial%20Statements) This item presents the company's unaudited condensed consolidated financial statements, including balance sheets, income statements, and cash flow statements [Condensed Consolidated Balance Sheets](index=3&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) This section provides a snapshot of the company's financial position, detailing assets, liabilities, and equity as of specific dates Condensed Consolidated Balance Sheet Highlights (in thousands) | Account | Oct 30, 2021 (in thousands) | Jan 30, 2021 (in thousands) | | :--- | :--- | :--- | | **Total Current Assets** | $1,271,250 | $1,232,524 | | **Total Assets** | **$2,562,441** | **$2,465,868** | | **Total Current Liabilities** | $804,638 | $762,539 | | **Total Liabilities** | $1,898,985 | $1,896,368 | | **Total Stockholders' Equity** | **$653,705** | **$565,580** | [Condensed Consolidated Statements of Income (Loss)](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Income%20(Loss)) This section outlines the company's financial performance over specific periods, detailing revenues, expenses, and net earnings Q3 Financial Performance (in thousands, except per share data) | Metric | Three Months Ended Oct 30, 2021 (in thousands) | Three Months Ended Oct 31, 2020 (in thousands) | | :--- | :--- | :--- | | Net Revenue | $643,070 | $569,284 | | Gross Profit | $293,604 | $239,520 | | Earnings from Operations | $65,671 | $44,467 | | Net Earnings Attributable to Guess?, Inc. | $29,880 | $26,376 | | Diluted EPS | $0.45 | $0.41 | Nine Months Financial Performance (in thousands, except per share data) | Metric | Nine Months Ended Oct 30, 2021 (in thousands) | Nine Months Ended Oct 31, 2020 (in thousands) | | :--- | :--- | :--- | | Net Revenue | $1,791,696 | $1,228,074 | | Gross Profit | $799,248 | $420,777 | | Earnings (Loss) from Operations | $179,637 | $(132,369) | | Net Earnings (Loss) Attributable to Guess?, Inc. | $102,948 | $(151,648) | | Diluted EPS | $1.55 | $(2.35) | [Condensed Consolidated Statements of Cash Flows](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) This section details the cash inflows and outflows from operating, investing, and financing activities over specific periods Cash Flow Summary (in thousands) | Cash Flow Activity | Nine Months Ended Oct 30, 2021 (in thousands) | Nine Months Ended Oct 31, 2020 (in thousands) | | :--- | :--- | :--- | | Net cash provided by operating activities | $4,581 | $98,351 | | Net cash used in investing activities | $(40,375) | $(14,578) | | Net cash used in financing activities | $(28,494) | $(4,548) | | **Net change in cash, cash equivalents and restricted cash** | **$(78,056)** | **$80,657** | [Notes to Condensed Consolidated Financial Statements](index=11&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) This section provides detailed explanations of accounting policies, significant transactions, and other relevant financial information supporting the consolidated statements - The COVID-19 pandemic continues to **negatively impact the business** through lower traffic, capacity restrictions, and **global supply chain disruptions** leading to product delays and higher freight costs[24](index=24&type=chunk)[25](index=25&type=chunk) - During Q3 2021, the company completed an intra-entity transfer of intellectual property rights from a U.S. entity to a Swiss subsidiary, resulting in a U.S. taxable gain and a U.S. income tax payment of **$80.4 million** in the quarter[63](index=63&type=chunk)[66](index=66&type=chunk) - On November 23, 2021, the company announced an **increase** in its regular quarterly cash dividend from $0.1125 to **$0.225 per share**[55](index=55&type=chunk)[156](index=156&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=41&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management provides an analysis of the company's financial condition, operational results, and liquidity, highlighting key performance drivers and strategic priorities [Executive Summary](index=45&type=section&id=Executive%20Summary) This section provides a high-level overview of the company's financial performance and strategic direction for the reported period Q3 FY2022 Performance vs. Prior Periods | Metric | Q3 FY2022 | vs. Q3 FY2021 | vs. Q3 FY2020 (Pre-COVID) | | :--- | :--- | :--- | :--- | | Net Revenue | $643.1M | +13.0% | +4.4% | | Earnings from Operations | $65.7M | +47.7% | +190.0% | | Operating Margin | 10.2% | +2.4% | +6.5% | | Diluted EPS | $0.45 | +9.8% | +150.0% | - The company's **strategic priorities** include: brand relevancy, product excellence, customer centricity, global footprint, and enhancing functional capabilities in areas like logistics and sourcing[174](index=174&type=chunk)[175](index=175&type=chunk)[176](index=176&type=chunk)[177](index=177&type=chunk) [Results of Operations](index=48&type=section&id=Results%20of%20Operations) This section details the company's revenue, gross profit, and operating earnings performance across various segments for the reported period Q3 FY2022 Net Revenue by Segment (in thousands) | Segment | Q3 FY2022 (in thousands) | Q3 FY2021 (in thousands) | % Change | | :--- | :--- | :--- | :--- | | Americas Retail | $169,617 | $130,328 | 30.1% | | Americas Wholesale | $58,999 | $35,971 | 64.0% | | Europe | $330,736 | $321,574 | 2.8% | | Asia | $57,137 | $61,978 | (7.8%) | | Licensing | $26,581 | $19,433 | 36.8% | | **Total** | **$643,070** | **$569,284** | **13.0%** | Q3 FY2022 Earnings from Operations by Segment (in thousands) | Segment | Q3 FY2022 (in thousands) | Q3 FY2021 (in thousands) | % Change | | :--- | :--- | :--- | :--- | | Americas Retail | $24,070 | $473 | 4,988.8% | | Americas Wholesale | $17,316 | $8,247 | 110.0% | | Europe | $44,509 | $51,476 | (13.5%) | | Asia | $(2,399) | $1,415 | (269.5%) | | Licensing | $24,402 | $18,228 | 33.9% | [Liquidity and Capital Resources](index=60&type=section&id=Liquidity%20and%20Capital%20Resources) This section discusses the company's cash position, cash flow activities, debt, and capital allocation strategies, including share repurchases and dividends - Net cash from operating activities **decreased by $93.8 million** year-over-year, mainly due to unfavorable working capital changes and a large U.S. income tax payment of **$80.4 million** related to an IP transfer[278](index=278&type=chunk) - A **new $200 million share repurchase program** was authorized on August 23, 2021, replacing the previous program[290](index=290&type=chunk) - The quarterly cash dividend was **increased** from $0.1125 to **$0.225 per share**, effective for the payment on December 24, 2021[288](index=288&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=64&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) This item details the company's exposure to market risks, including foreign currency and interest rate fluctuations, and its strategies for managing these risks - The company's primary exchange rate risk relates to operations in Europe, Canada, South Korea, China, Hong Kong, and Mexico, as **over two-thirds of product sales** are in **non-U.S. dollar currencies**[298](index=298&type=chunk) - To mitigate currency risk, the company uses forward contracts, holding **US$136.0 million in forward contracts** as of October 30, 2021, to hedge forecasted merchandise purchases for its European operations[305](index=305&type=chunk) - The company is exposed to **interest rate risk** on its floating-rate debt and uses **interest rate swap agreements** to effectively convert it to a fixed-rate basis[311](index=311&type=chunk) [Item 4. Controls and Procedures](index=67&type=section&id=Item%204.%20Controls%20and%20Procedures) Management assessed the effectiveness of the company's disclosure controls and procedures, concluding they were effective with no material changes in internal control - The principal executive officer and principal financial officer concluded that the company's disclosure controls and procedures were **effective** as of October 30, 2021[317](index=317&type=chunk) [PART II. OTHER INFORMATION](index=68&type=section&id=PART%20II.%20OTHER%20INFORMATION) This section provides additional information not covered in the financial statements, including legal proceedings, risk factors, and equity security sales [Item 1. Legal Proceedings](index=68&type=section&id=Item%201.%20Legal%20Proceedings) This item details the company's ongoing legal matters, including a customs tax dispute and legal actions against an executive and the company - The company is involved in an **ongoing customs tax dispute** with the Italian Customs Agency (ICA) regarding audits from 2010-2012, with various appeals pending at the Supreme Court[108](index=108&type=chunk) - **Several legal actions** have been filed against executive Paul Marciano and the company by former models alleging **improper treatment**, which the company and Mr. Marciano dispute and intend to contest vigorously[109](index=109&type=chunk)[110](index=110&type=chunk)[111](index=111&type=chunk) [Item 1A. Risk Factors](index=68&type=section&id=Item%201A.%20Risk%20Factors) There have been no material changes to the risk factors previously disclosed in the company's Annual Report on Form 10-K for the fiscal year ended January 30, 2021 - **No material changes** were reported in the Risk Factors from the company's most recent Annual Report on Form 10-K[321](index=321&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=68&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) This item reports on equity security transactions, noting no share repurchases during the quarter but the authorization of a new $200 million program - **No shares were repurchased** under the company's publicly announced plans during the third quarter of fiscal 2022[322](index=322&type=chunk) - On August 23, 2021, the Board authorized a **new $200 million share repurchase program**, which had its full capacity remaining as of October 30, 2021[322](index=322&type=chunk) [Item 6. Exhibits](index=69&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the Form 10-Q, including the company's Restated Certificate of Incorporation, Bylaws, and certifications from the CEO and CFO as required by the Sarbanes-Oxley Act

PART I. FINANCIAL INFORMATION [Item 1. Financial Statements](index=3&type=section&id=Item%201.%20Financial%20Statements) This section presents the unaudited condensed consolidated financial statements, highlighting a significant recovery with **$61.1 million** net earnings for the quarter [Condensed Consolidated Balance Sheets](index=3&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of July 31, 2021, total assets were **$2.46 billion**, liabilities **$1.82 billion**, and stockholders' equity **$632.0 million** [Condensed Consolidated Statements of Income (Loss)](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Income%20(Loss)) For Q2 2021, the company reported **$628.6 million** net revenue and **$63.1 million** net earnings, a turnaround from a **$20.7 million** net loss in the prior year [Condensed Consolidated Statements of Comprehensive Income (Loss)](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Comprehensive%20Income%20(Loss)) Total comprehensive income for Q2 2021 was **$60.2 million**, a significant increase from **$2.8 million** in Q2 2020 [Condensed Consolidated Statements of Cash Flows](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) For the six months ended July 31, 2021, net cash from operating activities was **$43.0 million**, resulting in a **$10.2 million** net decrease in cash [Condensed Consolidated Statements of Stockholders' Equity](index=9&type=section&id=Condensed%20Consolidated%20Statements%20of%20Stockholders'%20Equity) Total stockholders' equity increased from **$565.6 million** to **$632.0 million** at July 31, 2021, primarily driven by net earnings [Notes to Condensed Consolidated Financial Statements](index=11&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) The notes provide detailed explanations of accounting policies, segment performance, debt obligations, and subsequent events - The COVID-19 pandemic continued to impact the business, but as of July 31, 2021, almost all stores were open[25](index=25&type=chunk)[26](index=26&type=chunk) - The company has five reportable segments: Americas Retail, Americas Wholesale, Europe, Asia, and Licensing; for Q2 2021, Europe was the largest revenue contributor with **$322.7 million**[68](index=68&type=chunk)[70](index=70&type=chunk) - The company has **$300 million** in **2.00%** convertible senior notes due 2024, with a net carrying amount of **$264.6 million** as of July 31, 2021[84](index=84&type=chunk)[89](index=89&type=chunk) - Subsequent to the quarter's end, on August 25, 2021, the Board authorized a new **$200 million** share repurchase program and declared a quarterly dividend of **$0.1125** per share[152](index=152&type=chunk)[153](index=153&type=chunk) Condensed Consolidated Balance Sheet Highlights (as of July 31, 2021) | Metric | Value (in thousands) | | :--- | :--- | | **Total Assets** | $2,456,901 | | Cash and cash equivalents | $458,914 | | Total current assets | $1,263,889 | | **Total Liabilities** | $1,820,804 | | Total current liabilities | $715,152 | | **Total Stockholders' Equity** | $632,023 | Condensed Consolidated Statements of Income Highlights | Period | Net Revenue (in thousands) | Net Earnings (Loss) Attributable to Guess?, Inc. (in thousands) | Diluted EPS (Loss) | | :--- | :--- | :--- | :--- | | **Three Months Ended Jul 31, 2021** | $628,624 | $61,062 | $0.91 | | **Three Months Ended Aug 1, 2020** | $398,539 | $(20,358) | $(0.31) | | **Six Months Ended Jul 31, 2021** | $1,148,626 | $73,068 | $1.10 | | **Six Months Ended Aug 1, 2020** | $658,790 | $(178,024) | $(2.72) | - For the six months ended July 31, 2021, net cash provided by operating activities was **$43.0 million**, a slight improvement from **$40.7 million** in the prior-year period[14](index=14&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=39&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management analyzes the company's strong Q2 fiscal 2022 recovery, with **$628.6 million** revenue and **13.9%** operating margin - The company's strategic priorities include brand relevancy, product excellence, customer centricity, global footprint optimization, and improving functional capabilities[169](index=169&type=chunk)[170](index=170&type=chunk)[171](index=171&type=chunk)[172](index=172&type=chunk) Q2 FY2022 vs. Q2 FY2021 Performance | Metric | Q2 FY2022 | Q2 FY2021 | % Change | | :--- | :--- | :--- | :--- | | Net Revenue | $628.6M | $398.5M | +57.7% | | Earnings (Loss) from Operations | $87.4M | $(14.3)M | -709.0% | | Operating Margin | 13.9% | -3.6% | +17.5% | Q2 FY2022 vs. Q2 FY2020 (Pre-COVID) Performance | Metric | Q2 FY2022 | Q2 FY2020 | % Change | | :--- | :--- | :--- | :--- | | Net Revenue | $628.6M | $683.2M | -8.0% | | Earnings from Operations | $87.4M | $46.0M | +90.0% | | Operating Margin | 13.9% | 6.7% | +7.2% | - The company ended the quarter with a strong liquidity position, holding **$458.9 million** in cash and cash equivalents[197](index=197&type=chunk)[267](index=267&type=chunk) [Results of Operations](index=46&type=section&id=Results%20of%20Operations) This section details financial results for the three and six-month periods, showing a **9.9%** increase in gross margin to **46.8%** YoY for Q2 2021 - Gross margin for Q2 2021 increased to **46.8%** from **36.9%** in the prior-year period, primarily due to lower occupancy rates and higher product margins from reduced markdowns[199](index=199&type=chunk) Segment Operating Earnings (Loss) - Q2 2021 vs Q2 2020 (in thousands) | Segment | Q2 2021 | Q2 2020 | | :--- | :--- | :--- | | Americas Retail | $37,916 | $(4,704) | | Americas Wholesale | $12,944 | $1,688 | | Europe | $51,417 | $20,795 | | Asia | $(4,847) | $(3,367) | | Licensing | $20,154 | $11,511 | [Liquidity and Capital Resources](index=58&type=section&id=Liquidity%20and%20Capital%20Resources) The company's liquidity relies on cash from operations and credit facilities, with **$458.9 million** cash and a new **$200 million** share repurchase program - The company anticipates satisfying its cash requirements for the next 12 months with cash flow from operations and existing cash balances, supplemented by borrowings if needed[264](index=264&type=chunk) - On August 25, 2021, the Board authorized a new **$200 million** share repurchase program, which includes the **$48 million** remaining from the previous program[284](index=284&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=62&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) This section outlines the company's exposure to market risks, primarily foreign currency and interest rates, mitigated by derivatives - The company is exposed to foreign currency risk as more than two-thirds of its product sales are denominated in currencies other than the U.S. dollar[292](index=292&type=chunk) - As of July 31, 2021, the company had outstanding forward contracts of **US$114.0 million** designated as cash flow hedges for its European operations to hedge forecasted merchandise purchases[298](index=298&type=chunk) - A sensitivity analysis indicates that a **10%** uniform weakening of the U.S. dollar would decrease the fair value of its foreign exchange derivatives by **$14.3 million**[303](index=303&type=chunk) [Item 4. Controls and Procedures](index=65&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective as of July 31, 2021, with no material changes in internal control - The company's principal executive officer and principal financial officer concluded that disclosure controls and procedures were effective as of the end of the quarterly period[311](index=311&type=chunk) - No material changes to the company's internal control over financial reporting occurred during the second quarter of fiscal 2022[312](index=312&type=chunk) PART II. OTHER INFORMATION [Item 1. Legal Proceedings](index=66&type=section&id=Item%201.%20Legal%20Proceedings) This section directs readers to Note 13 of the financial statements for detailed information regarding ongoing legal proceedings - For disclosures about legal and other proceedings, the report refers to "Part I, Item 1. Financial Statements – Note 13 – Commitments and Contingencies – Legal and Other Proceedings"[314](index=314&type=chunk) [Item 1A. Risk Factors](index=66&type=section&id=Item%201A.%20Risk%20Factors) The company reports no material changes to the risk factors previously disclosed in its Annual Report on Form 10-K for FY2021 - There have been no material changes in Risk Factors from those disclosed in the Annual Report on Form 10-K for the year ended January 30, 2021[315](index=315&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=66&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) No shares were repurchased in Q2 FY2022, with **$47.8 million** remaining under the program, and a new **$200 million** program approved - No shares were repurchased under the company's publicly announced program during the second quarter of fiscal 2022[316](index=316&type=chunk) - On August 25, 2021, the Board of Directors authorized a new **$200 million** share repurchase program, which incorporates the **$47.8 million** remaining from the previous program[318](index=318&type=chunk) [Item 6. Exhibits](index=67&type=section&id=Item%206.%20Exhibits) This section lists all exhibits filed with the Form 10-Q, including corporate documents, compensatory plans, and CEO/CFO certifications - The report includes a list of filed exhibits, such as management contracts, compensatory plans, and certifications by the CEO and CFO pursuant to Sections 302 and 906 of the Sarbanes-Oxley Act[320](index=320&type=chunk)

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended May 1, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 1-11893 GUESS?, INC. (Exact name of registrant as specified in its charter) Delaware 95-3679695 (State or other jurisdiction of ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Fiscal Year Ended January 30, 2021 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number 1-11893 GUESS?, INC. (Exact name of registrant as specified in its charter) Delaware 95-3679695 (State or other jurisdiction of inc ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 1-11893 GUESS?, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended August 1, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 1-11893 GUESS?, INC. (Exact name of registrant as specified in its charter) Delaware 95-3679695 (State or other jurisdiction ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended May 2, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 1-11893 GUESS?, INC. (Exact name of registrant as specified in its charter) Delaware 95-3679695 (State or other jurisdiction of ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Delaware 95-3679695 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification Number) FORM 10-K ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Fiscal Year Ended February 1, 2020 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number 1-11893 GUESS?, INC. (Exac ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended November 2, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 1-11893 GUESS?, INC. (Exact name of registrant as specified in its charter) Delaware 95-3679695 (State or other jurisdicti ...