Guess? Guess 2000 AR Page 35
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GUESS?, Inc. and Subsidiaries
Year Ended December 31,
( i n t h o u s a n d s , e x c e p t p e r s h a r e d a t a )
2 0 0 0
1 9 9 9
1 9 9 8
Net revenue
Product sales
$741,412
$560,012
$435,128
Net royalties
37,805
39,638
36,803
779,217
599,650
471,931
Cost of sales
495,604
331,660
272,079
Gross profit
283,613
267,990
199,852
Selling, general and administrative expenses
233,186
171,014
142,806
Severance (recovery) related to distribution facility relocation
(1,545)
3,200
--
Restructuring and impairment charges
8,623
--
--
Earnings from operations
43,349
93,776
57,046
Other (income) expense:
Gain on disposition of property and equipment
--
(3,849)
--
Interest, net
13,756
9,385
12,892
Other, net
--
1,140
863
13,756
6,676
13,755
Earnings before income taxes
29,593
87,100
43,291
Income taxes
13,100
35,200
18,180
Net earnings
$ 16,493
$ 51,900
$ 25,111
Earnings per share:
Basic
$
0.38
$
1.21
$
0.59
Diluted
$
0.38
$
1.20
$
0.59
Weighted number of shares outstanding:
Basic
43,464
43,005
42,904
Diluted
43,819
43,366
42,919
S e e a c c o m p a n y i n g n o t e s t o c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s
C O N S O L I D A T E D S T A T E M E N T S O F E A R N I N G S
