The following is a summary of the unaudited quarterly financial information for fiscal 2013 and fiscal 2012 (in thousands, except per share data):



	Quarterly Periods Ended (1)
Year ended February 2, 2013	Apr 28, 2012		Jul 28, 2012		Oct 27, 2012		Feb 2, 2013
Net revenue	$	579,266	$	635,393	$	628,828	$	815,118
Gross profit	235,076		251,560		247,609		332,878
Net earnings	27,213		42,949		37,459		73,865
Net earnings attributable to Guess?, Inc.	26,646		42,899		36,647		72,552
Net earnings per common share attributable to common stockholders: (3) (4)
Basic	$	0.30	$	0.49	$	0.43	$	0.85
Diluted	$	0.30	$	0.49	$	0.43	$	0.85



	Quarterly Periods Ended (1) (2)
Year ended January 28, 2012	Apr 30, 2011		Jul 30, 2011		Oct 29, 2011		Jan 28, 2012
Net revenue	$	592,244	$	677,159	$	642,803	$	775,842
Gross profit	248,030		297,456		275,601		335,138
Net earnings	43,584		61,810		66,846		98,410
Net earnings attributable to Guess?, Inc.	42,682		60,657		66,295		95,866
Net earnings per common share attributable to common stockholders: (3) (5)
Basic	$	0.46	$	0.65	$	0.71	$	1.05
Diluted	$	0.46	$	0.65	$	0.71	$	1.05

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(1)	All fiscal quarters presented consisted of 13 weeks with the exception of the quarter ended February 2, 2013 which consisted of 14 weeks.

(2)

The Company has made certain reclassifications to the prior year’s consolidated financial statements to conform to classifications in the current year. During each of the fiscal quarters in the year ended January 28, 2012, the Company reclassified certain retail distribution costs from selling, general and administrative expenses to cost of product sales to conform to current period presentation. This reclassification had no impact on previously reported earnings from operations, net earnings or net earnings per share.


(3)	Per common share amounts for the quarters and full years have been calculated separately. Accordingly, quarterly amounts may not add to the annual amount because of differences in the average common shares outstanding during each period.


(4)	In January 2013, the Company settled a tax audit dispute in Italy, resulting in a charge of $12.8 million in the fourth quarter of fiscal 2013, in excess of amounts previously reserved, which was partially offset by unrelated tax benefits of $4.0 million. Refer to Note 9 for further detail regarding the tax settlement charge.

(5)

During the quarter ended July 30, 2011, the Company experienced a temporary disruption in service with a former third party logistics service provider in Europe. On July 29, 2011, the Company entered into a settlement agreement with this service provider to facilitate a transition to a new service provider and recorded a settlement charge of $19.5 million related to amounts paid in connection with this agreement. The settlement charge is included within operating expenses of the Europe segment for the quarter ended July 30, 2011.