SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS

12 Months Ended

Jan. 28, 2023

SCHEDULE II

GUESS?, INC. AND SUBSIDIARIES

VALUATION AND QUALIFYING ACCOUNTS

Years Ended January 28, 2023, January 29, 2022 and January 30, 2021

(in thousands)


	Balance at Beginning of Period		Costs Charged to Expenses		Deductions and Write-offs		Balance at End of Period
Description
As of January 28, 2023
Allowance for doubtful accounts	$	11,039	$	907	$	(3,392)	$	8,554
Allowance for markdowns	19,014		26,720		(28,204)		17,530
Allowance for sales returns	38,419		123,525		(126,274)		35,670


Allowance for deferred tax asset valuation	55,278		2,777		(12,992)		45,063
Total	$	123,750	$	153,929	$	(170,862)	$	106,817
As of January 29, 2022
Allowance for doubtful accounts	$	14,200	$	4,670	$	(7,831)	$	11,039
Allowance for markdowns	16,245		21,159		(18,390)		19,014
Allowance for sales returns	27,193		122,672		(111,446)		38,419
Allowance for deferred tax asset valuation	54,131		1,147		—		55,278
Total	$	111,769	$	149,648	$	(137,667)	$	123,750
As of January 30, 2021
Allowance for doubtful accounts	$	8,431	$	6,033	$	(264)	$	14,200
Allowance for markdowns	12,562		25,942		(22,259)		16,245
Allowance for sales returns	33,178		104,560		(110,545)		27,193
Allowance for deferred tax asset valuation	30,760		23,371		—		54,131
Total	$	84,931	$	159,906	$	(133,068)	$	111,769